The Future of Trade Finance in Sub-Saharan Africa Amidst Hard Currency Challenges – Bank One

Posted on by Initiator | 98272 Views | 29 min read

With foreign exchange shortages plaguing sub-Saharan African economies, Bank One’s Head of Trade, Gerald Ndosi, explains what measures can be taken to overcome US dollar liquidity challenges, promote trade finance, and foster sustainable economic growth in the region International Trade is conducted in the currencies of major economic powers, largely the US dollar, European Union

Advanced Food Processing Technologies Could Make the Food Industry More Sustainable – SYSPRO

Posted on by Initiator | 107616 Views | 21 min read

By Marius Wessels Manager: Professional Services for SYSPRO Africa Food goes to waste at every stage in the food manufacturing and distribution process – from farming and production to packaging, storage, distribution, retail and finally, once it reaches consumers. According to the Food and Agriculture Organisation of the United Nations (FAO), globally we lose or

Wasoko Expands to Zambia

Posted on by Initiator | 61408 Views | 13 min read

Africa’s Largest B2B E-commerce Network Launches First Location in Southern Africa  Wasoko, the African e-commerce company leveraging innovative technology to transform the informal retail supply chain, has today announced its expansion into Zambia – the company’s first location in Southern Africa. Following the launch, Wasoko will invest over $1mn in its first year of operations

Absa Hosted Made in Africa Event to Ignite African Business by Connecting the Continent’s Buyers and Sellers

Posted on by Initiator | 42494 Views | 19 min read

“It is time for Africa. It is time for Africa to harness its people, its resources, and its resilience for the betterment of all. It is time for large corporates and public sector entities to open up their supply chains for the betterment of local businesses. It is time for financial institutions to support this

Global Retail Brand LC (Les Copains) Waikiki Joins the Tingg by Cellulant Digital Payment Ecosystem in Zambia

Posted on by Initiator | 37490 Views | 15 min read

LC Waikiki customers will now be able to make payments seamlessly via mobile money in all their branches in Zambia  Cellulant (www.Cellulant.io) Zambia has signed a partnership agreement with leading fashion retailer LC Waikiki, which will enable customers to make payments from all LC Waikiki stores across Zambia through the Tingg digital payment platform. As

Spur Corporation Lifts Earnings 31% in Strong Post Lockdown Trading Recovery

Posted on by Initiator | 10135 Views | 17 min read

Spur Corporation increased headline earnings by 31% to R121 million in the year to June 2022 as the group reported a strong post COVID-19 lockdown trading recovery and capitalised on increasing restaurant foot traffic. Group revenue grew by 32.5% to R2.4 billion, with improved franchised restaurant turnover, higher sales in the company-owned restaurants and increased

Nestlé Appoints Luke Gomes as Cluster Head for Greater Zambezi Region

Posted on by Initiator | 17690 Views | 8 min read

As the new cluster head for the Greater Zambezi region, Gomes brings 35 years of professional and managerial experience at Nestl Nestlé has appointed Luke Gomes as the new Cluster Head for the Greater Zambezi region, one of three clusters within Nestlé East and Southern Africa Region (ESAR). The cluster covers five countries, Zimbabwe, Zambia,

How Zambeef’s Investment Will Boost a Growing Zambia

Posted on by Initiator | 9864 Views | 23 min read

Countries with relatively small economic bases can generally point to their anchor institutions—including the manufacturing and extractive industries, or large private sector employers—as major contributors to their growth. In Zambia, mining operations anchor the economy, but another significant home-grown entity has grown to become a renowned brand that is creating its own economic impact across

This Ginger Beer Business Started in a Garage – and Now Employs Over 200 People

Posted on by Initiator | 18420 Views | 11 min read

Supa Ginja, a powder ginger beer business started in a North West garage, experienced dramatic growth during South Africa’s national lockdown with several alcohol bans as well as a deal with Shoprite. The product is a traditional ready mixed ginger beer powder that, when combined with water and allowed to ferment, turns into a unique

Zambeef Expands Local Product Range in Revamped Outlet Roll-out

Posted on by Initiator | 9877 Views | 13 min read

As Central Province Minister hails retail giant’s contribution to agro-sector value addition citing positive impact on economic recovery Zambeef’s move to expand the variety of locally manufactured products in its remodelled outlets is further proof of the company’s unwavering commitment to growing Zambia’s agricultural value chain says Central Province Minister Hon. Credo Nanjuwa. The home-grown

Minister of Finance commends Zambeef

Posted on by Initiator | 9718 Views | 8 min read

Zambeef Products Plc, listed on the Lusaka Securities Exchange (LuSE) and the Alternative Investment Market (AIM) of the London Stock Exchange, has announced a US$100 million expansion plan that will double its crop production while adding associated value and capacity to the company’s stockfeed, meat production and processing facilities and retailing operations. At a board

Zambeef nods Government Agriculture Policy

Posted on by Initiator | 9711 Views | 8 min read

Zambeef has expressed confidence that government’s pronouncements to improve the agriculture sector in the country will attract more investors and boost the economy. Speaking during a board tour of the company’s operations in Chisamba, Lusaka and Mpongwe, Zambeef Board Chairperson Michael Mundashi said the agriculture sector was a major driver of economic growth in Zambia

Zambeef Amps up Food Quality and Safety with ISO 22000 Certification

Posted on by Initiator | 9904 Views | 12 min read

Food safety is of the highest importance when it comes to ensuring that consumers are protected against food-borne illnesses and common allergens. It is against this backdrop that Zambeef Products, the nation’s largest integrated cold chain food products and agribusiness, has been awarded ISO 22000 Food Safety Management System Certification for its ZamMilk, Masterpork and

Sowing the Seeds of Sustainability with Starbucks during Earth Month

Posted on by Initiator | 28703 Views | 8 min read

Starbucks brings the sustainability theme right home with the simultaneous launch of our partnership with the inspirational Reel Gardening initiative. Reel Gardening produces a biodegradable seed tape planted straight into the ground to improve the chances of a vegetable seedling. With a similar ethos to Starbucks, Reel Gardening uses its products and expertise to make

Nampak Announces Results for the 12 Months to 30 September 2021

Posted on by Initiator | 26737 Views | 34 min read

Highlights Revenue up 24% to R14bn Operating profit before net impairment losses up >100% to R1.2bn Trading profit up 109% to R1.4bn Cash generated from operations before working capital up 133% to R1.7bn Earnings of 32.1cps and headline earnings of 62.3cps, both up >100% Net debt:EBITDA 2.74 times; EBITDA:interest 4.79 times; complied with covenants Erik

Cellulant Introduces Tingg, a Digital Payments Platform for the Retail Sector in Zambia

Posted on by Initiator | 18124 Views | 12 min read

In an effort to foster growth for both the formal and informal sector in Zambia, Pan-African Payments business Cellulant rolls out Tingg, a digital payments platform enabling businesses and their consumers to accept and make payments seamlessly Payment technology over the years has completely transformed how retailers operate. Thirty years ago, most retailers across Africa

ZAMBEEF Reiterates Support for Zambia’s Livestock Sector

Posted on by Initiator | 9791 Views | 16 min read

Zambeef has doubled the price it pays to small-scale farmers for their cattle in the last year, the company has revealed. The rise was triggered by a shortage of cattle in the market due to the 2018/19 drought, increased competition, and a growing demand for meat, explained Zambeef’s Chief Operations Officer Mike Lovett. He was

South African Manufacturer KAS Africa Secures $10 Million Investment

Posted on by Initiator | 32814 Views | 10 min read

Million-dollar manufacturing deal aims to drive industrialisation and economic growth across Africa KAS Africa, a leading contract manufacturer of personal, home, baby and oral care FMCG products, has received an investment with an aggregate value of $10 million from TRT Investments Limited. The transaction significantly strengthens KAS Africa’s balance sheet and capacity to execute its growth

Zambeef Partners with Government to Beef up COVID-19 Fight in Schools

Posted on by Initiator | 9666 Views | 12 min read

Zambeef Products has put its corporate weight behind efforts to ensure the safety of learners and teachers as they start the 2021 academic year. “Schools are an integral part of our society, therefore, they represent an important front in the country’s war against COVID-19,” said Zambeef Chief Executive Officer Walter Roodt, who stressed the importance

ZAMBEEF | Change in Company Secretary

Posted on by Initiator | 9554 Views | 3 min read

In compliance with section 3.59 (b) of the Lusaka Securities Exchange Limited’s Listings Requirements, the Board of Directors (“the Board”) of Zambeef Products Plc (“the Company”) wishes to announce the resignation of Mr. Danny Museteka as Company Secretary with effect from 1 February, 2021. The Board thanks Mr. Museteka for his valuable contribution to the

Ticketpro Makes it Easy and Convenient to Buy Your Long-distance Bus Tickets

Posted on by Initiator | 19207 Views | 7 min read

Ticketpro, a leading ticketing company and a member of the Blue Label Telecoms group of companies, has announced that it has added long-distance bus tickets to its portfolio of products and services. “We are very excited to launch and add long-distance bus ticketing to our portfolio – it’s part of our evolution and strategy in

Nestlé Partners with Nomanini and Standard Bank to Empower Informal Retail Traders Across the Eastern and Southern Africa Region

Posted on by Initiator | 11263 Views | 12 min read

Through Nomanini’s platform, Nestlé is able to provide much-needed access to sufficient working capital so that retailers can stock a wide range of high-quality products Informal retail Micro, Small and Medium-Sized Enterprises (MSMEs) across the Eastern and Southern Africa Region (ESAR) are set to receive a technological and operational boost for their businesses, thanks to

Low Prices and Quality Goods the Hallmark of Shoprite’s Quarter of a Century in Zambia

Posted on by Initiator | 9915 Views | 9 min read

It has been 25 years since the Shoprite Group blazed a trail to introduce world-class shopping in Zambia with the opening of its first supermarket on Cairo Road in Lusaka on 26 October 1995. The retailer was the first to bring the “shopping under one roof” concept to Zambia, while not straying from its core

Zamleather Pledges Continued Support for Local Cattle Industry

Posted on by Initiator | 9693 Views | 9 min read

Zamleather has pledged continued support to the growth of the leather industry in Zambia and called for a crackdown on cattle rustling to help preserve the sector. The tannery and shoe division of Zambeef – and the company behind the popular Zamshu footwear brand – is committed to continue sourcing hides from local livestock farmers.

Katuba Toll Plaza Gets Hygiene Boost From Zambeef

Posted on by Initiator | 9704 Views | 6 min read

Leading food producer scales up COVID-19 support, delivers six hygiene stations to Chisamba, Chibombo and Lusaka Councils Zambeef Products has donated hygiene stations, bulk hand sanitiser, thermometers and masks to Chisamba, Chibombo and Lusaka councils, reaffirming its commitment the fight against COVID-19 and ensuring its operations align with government’s mitigation measures. The Chibombo and Chisamba

ZAMBEEF Starts Mass Face Mask Production

Posted on by Initiator | 9777 Views | 7 min read

Zambeef’s Zamshu shoe division is using its stitching expertise to make thousands of face masks to help protect people from the COVID-19 disease. The company has bought more than K100,000 of fabric and is aiming to make 25,000 protective masks over the next eight weeks. “COVID-19 has affected all sectors of our society; businesses, institutions

“We Will Feed the Nation” – ZAMBEEF

Posted on by Initiator | 9944 Views | 12 min read

In keeping with its famous motto, Zambeef has vowed to continue feeding the nation, despite the Coronavirus disease (COVID-2019) outbreak. The country’s largest food producer and retailer continues to stand true to its mission despite the COVID-19 pandemic that is adversely impacting the manufacturing sector in Zambia and beyond. The viral disease is threatening the

SPUR Corporation First Half Profit Up 20%

Posted on by Staff Reporter | 11730 Views | 12 min read

Spur Corporation today reported an increase of 8.4% in group revenue to R525 million as middle income consumers came under increasing financial strain in the six months to December 2019. The group’s profit before tax grew by 19.5% to R161.8 million, boosted by the recovery of an impairment provision of R10.8 million related to its

Consistency at the Core Delivers Another Strong Result for Pick n Pay

Posted on by Staff Reporter | 17958 Views | 23 min read

Positive South African performance delivers overall Group earnings growth, despite challenges in Zambia and Zimbabwe Trading profit in core South African business up 16.4%, with trading profit margin up from 2.5% to 2.8% of turnover Group turnover growth of 6.0% on a comparable basis (6.2% on a constant currency basis) South African turnover growth of

ZAMBEEF Macros Boosting Zambia’s Agricultural Value-Chain

Posted on by Staff Reporter | 9698 Views | 10 min read

The retail outlets serve as the final point for vertical integration of the food production company’s agri-business In its quest to continue promoting the local agricultural value-chain while delivering the highest international standards in the food retailing industry, Zambeef has opened its new Mini Macro at Lusaka’s New Soweto Market. The stores have been designed

Technology Innovator, Argility, Applauds its Twenty One Year Journey with Retail Giant

Posted on by Staff Reporter | 24093 Views | 11 min read

The Technology Innovator Applauds its Twenty One Year Journey with Retail Giant Argility – a member of the Argility Technology Group has revealed details of its twenty-one year journey with the Shoprite Furniture Group, trading under the brands of OK Furniture, House & Home and OK Power Express. In 1998 Argility was appointed by the

ZAMBEEF Rolls Out First Macro in Eastern Province

Posted on by Staff Reporter | 9880 Views | 14 min read

Food retailer on track to launch new concept stores in all 10 provinces. Former Republican President Rupiah Banda officially opened the Zambeef Petauke Macro this week, the first of the company’s new concept stores in Eastern Province. Mr Banda, who is himself an avid farmer, commended Zambeef and said that the company’s decision to choose

ZAMBEEF’S Northen Region Distribution Centre Goes Online

Posted on by Staff Reporter | 10831 Views | 10 min read

Zambeef’s Kitwe Processing Plant to decentralise operations and further increase company’s efficiencies on the Copperbelt and neighbouring markets Zambeef Products’ new Kitwe Processing Plant is set to decentralise some of the food retailer’s operations and logistics from its base at Huntley Farm in Chisamba in a move to streamline operations, and improve efficiencies and economies

Shoprite Shakes up Zambia’s Retail Sector with World-Class Store

Posted on by Staff Reporter | 10070 Views | 9 min read

The Shoprite Group is set to change the face of retail in Zambia with the opening of the new world-class store in the Woodlands/Kabulonga area. The new-look Shoprite Kabulonga promises an unrivalled retail experience. In addition to the new look, customers are being offered the best quality products at the most affordable prices, including: An

Vivo Energy Completes Engen Transaction Adding 230 Service stations in Eight African Countries

Posted on by Staff Reporter | 25555 Views | 10 min read

Vivo Energy plc is pleased to announce the completion of the transaction with Engen Holdings (Pty) Limited, previously announced on 18 September 2018. The transaction adds operations in eight new countries and 230 Engen-branded service stations to Vivo Energy’s network, taking its total presence to over 2,000 service stations, across 23 African markets. The new

ZAMBEEF Chaisa and Ndola City Centre Macros Cheer Customers

Posted on by Staff Reporter | 9794 Views | 16 min read

Zambeef Products has continued to build up on the momentum of its macro rollout with shoppers in Chaisa hailing the company’s return to the area and those in Ndola excited about the new Ndola City Centre Macro. “Zambeef macros are built and centred around the community – as are all our other outlets – because

More in Store for African Retail & Consumer Businesses

Posted on by Staff Reporter | 21607 Views | 29 min read

Africa’s economy has seen modest growth in the wake of falling commodity prices, slowing revenues and volatile currencies. The moderation in growth impacts a range of industries and sectors, including retail and consumer products that must contend with rising costs, and a fall in prices. Despite the decline in growth, the long-term outlook remains positive.

Ingenico Group Supports Roll-out of Secure Biometric Solution in Zambia

Posted on by Staff Reporter | 9554 Views | 7 min read

Ingenico Group supported the roll-out of a secure biometric solution in Zambia in partnership with Paycode. This program allowed the distribution of 22 million dollars subsidies in rural Zambia within 3 months. Since 7 November 2017, the program has allowed registered farmers to access a government-funded program, the FISP subsidy, in which farmers make a