How We're Governed

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London AIM

3.25 GBP

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Volume:

Lusaka Stock Exchange

2.13 ZMW

Volume: 1549

Company Details

REGISTERED OFFICE

Plot 4970, Manda Road,
Industrial Area,
Lusaka, Zambia

Tel:+260 211 369 000
Fax:+260 211 369 050

Postal Address:
Private Bag 17, Woodlands,
Lusaka, Zambia

STORE LOCATOR

Feedback and Questions

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    Report Unethical Behaviour

    Zambeef Products Plc has zero tolerance towards corruption. We remain committed to being a responsible corporate citizen and are dedicated to maintaining integrity and transparency in our community. To safely and anonymously report any unethical behaviour or misconduct that you have witnessed or experienced, please fill out the feedback and questions form with as much detail as possible. Every report is handled with the utmost seriousness and discretion.

    Our board of directors is accountable to the shareholders for the performance and direction of Zambeef, through the establishment of strategic objectives and key policies, as well as approving major business decisions in accordance with its charter.

     

    Our board comprises eight directors, of whom six are non-executive directors and two are executive directors. The six non-executive directors are considered independent by the board in terms of the QCA guidelines. They are Patrick Wanjelani, Jonathan Andrew Kirby, Katebe Monica Musonda, Pearson Gowero, Muyangwa Muyangwa and John Clifford Rich.

    The board of directors is responsible for:

    • Determining strategy;
    • Monitoring the group code of ethics and conduct, and the anti-bribery and corruption programme;
    • Agreeing risk appetite and overseeing management of risk;
    • Monitoring business and management performance; and
    • Communicating with shareholders and representing shareholder interests.

    Our board governs through clearly mandated board committees, accompanied by monitoring and reporting systems. Each committee operates within defined terms of reference and authority granted to it by the board. Our board meets at least four times during each financial year and under the following core governance structures and principles:

    • The roles of the chairman and the Chief Executive Officer are separate. The chairman is considered to be independent;
    • The role of the chairman is to provide leadership of the board and ensure its effectiveness on all aspects of its remit, in addition to providing leadership in corporate governance implementation and practice;
    • Our Chief Executive Officer is responsible for the strategic development of the group, for communicating it clearly to the board, and once approved by the board, for implementing it. In addition, the Chief Executive Officer is responsible for overseeing the management of the group and the executive team;
    • The Board believes that its overall composition is appropriate, with no individual or group dominating the decision-making process, and with a good balance between knowledge, experience and independence;
    • All directors have access to management, including the company secretary, and to information needed to carry out their duties and responsibilities fully and effectively;
    • Our directors stay fully abreast of the group’s business through meetings with senior management;
    • All directors are entitled to seek independent professional advice concerning the affairs of the group at its expense;
    • One third of the non-executive directors are subject to the “retirement by rotation” provisions contained in the Companies Act of Zambia.

    Directorate

    These are the current directors of Zambeef:

    Patrick Wanjelani

    Chairman

     

    Nationality: Zambian

     

    Qualifications: MBA from Oxford Brooks University.

     

    Experience: Over 30 years’ corporate experience. Previously served on the board of Zambia National Commercial Bank Plc from 2017 to 2023, including as chairman in 2022 to 2023.

     

    External appointments: Currently chairman of Kenya Reinsurance Corporation Zambia Ltd, and a board member of the Centre for Infectious Disease Research in Zambia (CIDRZ), Kumil Energy Limited, Bluelight Risk Services Limited, Newgen Holdings Limited, and Newgen Construction Limited.

     

    Faith Mukutu

    Chief Executive Officer

     

    Nationality: Zambian

     

    Qualifications: Chartered Accountant, a Fellow of Association of Certified Chartered Accountants and Zambia Institute of Chartered Accountants

     

    Experience: Over 15 years’ experience in senior finance positions of major corporates, including Zambia Sugar Plc and Zambian Breweries (part of the SABMiller Group).

     

    External appointments: Current directorships include: Greater Kafue Landscape Limited, Good Nature Agro and Zayohub Zambia Ltd.
Committee membership: Audit committee (member); Remuneration and succession committee (member).

     

    Patrick Kalifungwa

    Chief Financial Officer

     

    Nationality: Zambian

     

    Qualifications: Chartered Accountant, a Fellow of Association of Certified Chartered Accountants and Zambia Institute of Chartered Accountants, post graduate diploma in International Business.

     

    Experience: Over 20 years’ experience in the financial services sector. He has served in various senior management roles and been responsible for overseeing the overall financial management and control processes of these organisations. He has been responsible for executing key financial actions across the board, including coordinating and management of quarterly profit forecasts, and advising on annual departmental budgets.

     

    Katebe Monica Musonda

    Non-executive Director

     

    Nationality: Zambian

     

    Qualifications: LL. B (UNZA); LL.M (Corporate Law & Finance - London) Executive Management Programme (Harvard Kennedy).

    Experience: Over 16 years of PQE, debt and equity capital markets and project finance experience; 9 years’ experience in FMCG having founded Java Foods. Previously worked as General Counsel to the Dangote Group.

     

    External appointments: Independent Non-Executive Chair Airtel Networks Plc & Zambian Breweries Plc, Non-Executive Director Taifa Marimba, Mixta Nigeria, Dangote Cement Zambia; Founder & CEO Java Foods.

     

    Committee membership: Remuneration and succession committee (chairperson); Environmental and social committee (member).

     

    Jonathan Andrew Kirby

    Non-executive Director

     

    Nationality: South African

     

    Qualifications: Bachelor of Accounting (University of the Witwatersrand, RSA); Higher Diploma in Tax Law (Rand Afrikaans University, RSA).

     

    Experience: Over 32 years of business management and finance experience in London, Hong Kong, Singapore and South Africa. Previously Vice President (Finance) of AB In Bev Africa and CFO of SABMiller Africa.

     

    External appointments: Currently on the boards of MIRO Forestry Products Ltd, Prime Financial Services Group, Cavalier Food (Pty) Ltd, South Africa and McWade Productions (Pty) Ltd, South Africa.

     

    Committee membership: Audit committee (chairperson); Remuneration and succession committee (member).

     

    Pearson Gowero

    Non-executive Director

     

    Nationality: Zimbabwean

     

    Qualifications: BSc (Economics) Hons (University of Zimbabwe); MBL (University of South Africa).

     

    Experience: 40 years of experience in business management including retail and fast-moving consumer goods. He served in various senior executive roles as well as Chief Executive Officer of two listed companies.

     

    External appointments: Has previously served as a director on several boards and is currently a director of SeedCo Zimbabwe Limited, SeedCo International Limited, NMBZ Holdings and Markbury Investments Private Limited. He has in-depth knowledge of Zambian and Zimbabwean Industries.

     

    Committee membership: Environmental and social committee (chairperson); Audit committee (member).

     

    Muyangwa Muyangwa

    Non-executive Director

     

    Nationality: Zambian

     

    Qualifications: Master’s degree in business administration from the University of Bath in the United Kingdom and bachelor’s degree in business administration from the Copperbelt University, Zambia.

     

    Experience: Over 30 years of experience in in the financial and fiscal sectors.

     

    External appointments: Currently the Director General of the National Pension Scheme Authority - Zambia, Non-Executive Director of ZCCM Investments Holdings Plc and M & N Capital Limited. Previously served in various positions at the International Monetary Fund (IMF), including as a Senior Economist at the IMF – Headquarters, Washington DC, and as Technical Assistance Advisor and Revenue Administration Advisor in East Africa and West Africa, respectively. Before joining the IMF, he worked for Zambia Revenue Authority, where he held the roles of Commissioner Value Added Tax and Commissioner, Customs Services.

     

    John Clifford Rich

    Non-executive Director

     

    Nationality: Australian

     

    Qualifications: Bachelor of Science Degree with Honours in Pathology and a Bachelor of Science Degree with Honours in Veterinary Science from the University of Sidney and numerous other diplomas and certificates within the agriculture, ruminant nutrition, production and meat export industry. Post Graduate Foundation in Veterinary Science and Postgraduate training in financial management, modelling and financial analysis.

     

    Experience: Over 40 years of experience in corporate agribusiness, development banking, mergers and acquisitions. He previously, served in various positions in the agricultural production and business management/banking space under many reputable and international organisations including the IFC, European Bank for Reconstruction and Development (EBRD) and Commonwealth Development Corporation (CDC – now BII) among others.

     

    External appointments: Currently Executive Chairman, of MHP SE – (MHPC) since 2017, an Independent Non-Executive Director, of Zalar Morocco, 2014 – current (Poultry & Grain Trading), AANC Pty Ltd (Australia) and Teralett Pty Ltd (Australia).

     

    Committee membership: Audit committee (member); Environmental and social committee (member).