ZAMBEEF wins big at the LuSE corporate governance awards

February 28th, 2019

LUSAKA, ZAMBIA – Zambeef Products has been recognised by the Lusaka Securities Exchange (LuSE) for its excellence in corporate governance.

The company walked away with four awards at the recent LuSE Corporate Governance Awards, scooping first prize for the Corporate Governance Award and the Best Annual Report Award, and being named as first runners up for the Sustainability Award and second runners-up for the Green Award.

“Zambeef believes in positive corporate governance. We want our employees happy and to operate within the law. As a public company we are regulated by the stock exchange both in London and Lusaka. Our focus is to ensure we are compliant with all the rules and regulations. We want to make sure we don’t just make a profit but also contribute to development, food security and to Zambia’s economic growth,” said Zambeef Group Chairman Dr Jacob Mwanza.

This was the third time Zambeef received the Corporate Governance Award, having previously won in 2007 and 2008.

The exchange introduced the LuSE Corporate Governance Awards in 2007, with the purpose of publicly recognising and acclaiming listed companies that have in the preceding year demonstrated exemplary adherence to principles of the LuSE corporate governance code.

The award covered all the companies listed on the Lusaka Securities Exchange, measuring performance against transparency, accountability, responsibility and fairness.

Zambeef CEO Francis Grogan (third from left) and chairman Dr Jacob Mwanza, and senior management, proudly display the company’s LuSE 2019 Awards.

About Zambeef Products Plc
Zambeef Products Plc is the largest integrated cold chain food products and agribusiness company in Zambia and one of the largest in the region, involved in the primary production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, fish, flour and stockfeed, throughout Zambia and the surrounding region, as well as Nigeria and Ghana.

It has 206 retail outlets throughout Zambia and West Africa.
The company is one of the largest suppliers of beef in Zambia. Five beef abattoirs and three feedlots located throughout Zambia, with a capacity to slaughter 100,000 cattle a year. Zambeef produced 18.1 million kgs of beef in 2018.It is also one of the largest chicken and egg producers in Zambia, producing 16.9 million day-old chicks a year and processing 12.8 million kgs of chickens in 2018.

It is one of the largest piggeries, pig abattoirs and pork processing plants in Zambia, with 9.9 million kgs produced during the year, while its dairy processes around 19.3 million litres of milk a year.

The Group is also one of the largest cereal row cropping operations in Zambia, with approximately 7,787 hectares of row crops under irrigation which are planted twice a year, and a further 8,694 hectares of rainfed/dry-land crops available for planting each year.

Zambeef employs 7,555 people with a total of K420.8 million paid in remuneration and benefits in the last year.

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