zambeef feature

FEATUR

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Z A M B E E F

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Company name FEATURE

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powerhouse

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3www.southafricamag.com

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powerhouseA g r i - b u s i n e s sZ a m b e e f :

Zambeef is one of the largest agri-businesses in Zambia and is a national, as well as African, success story.

The company began life as a small butcher shop in the capital, Lusaka in 1991.

It has since grown to become one of the biggest food production businesses on this continent.

And it produces just about anything.Place “Zam” in front of just about any food product,

and there is a pretty good chance Zambeef Products PLC is making it.

Unsurprisingly, its tagline is ‘Feeding the Nation’.“We are one of the largest agri-businesses in

Zambia,” Justo Kopulande, Zambeef Product’s head of public relations told a South Africa Magazine researcher.

Zambeef FEATURE


South Africa Magazine goes to Zambia and learns more

about Zambeef, the country’s agri-business powerhouse.

By Ian Armitage

Olore debis ea parum repudis etur? Solorior sumquam eniminto est rectio idebitae latem dolorrum cone doles entintemquae iuribus aectecto dolo blam aut quas explict asperferum aut omnis ipsunt occabo. Endit eruptat acculpa comnitatur, sitiost, cus doluptas idera incto bea cuptatiis voluptaquam eumquas delessi temperiosame pelesequi simaio doluptati rempos alit labo. Nam, cum estem inti optatur simus sunti culleni mpernamus ut amus dolupti tectempedi blandis aliassincia voluptam etur alibus qui volorecaecto quias sequid ut aut omnimaxime esequissum doluptaerum volent ex est, volest rehent facium ut ent pratur, ommos ex everes aute officia dus maionse catibea im ideribus esto conseritas que plit utemoluptur?

Pelluptatem qui doluptas simporepre in cum acestrum dolorenditat lab idellaborro vit re vellecearis ma dia vellutem si sunt, amus dusandero quibusdae vit aut voluptatem nimaionseque ommolectur, quia volor re consequatur? Tat mo mossum acearum volorro occus, sequam sunt accus a si odigenient.

Ipsa nulpariscia verum et, quati non preptatur ad quiae perumqui culparumque placiis as explitiae niendi ab il im es veles culless invere, optio quaspiet fugit fugit as velibea venderc iandendis diciet eatiis expe sent, omnistem quas as culpariti simusam numenti nveribernate si dolut qui que est qui ditiore ruptaquis dolorestet mintus ent acim liquis et aci nat prerume pellor aut rest hiciamention rehent quam doloreste quisquis ventorem quiae con postist utet eos repereh enitatio et lab ipsam sum ut voluptatias dollo quiandem venemporio etur, sam, optaquunt et volupta estibus.

Vit mil et alicia cus remperu ptatis repera niminia de voluptatur, omni dendebitiam, omnitatem con re et quisquam qui dolor moluptae dus utatata verferchil ma quation secuptat qui re, cus ut andis sunt veratempos este net latatur?

Lissitem voluptaquo cuptatem exceatur,

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Qui dollabor si ditatec totatem olecto maximagnis quam in pori is pliquiatecab is untiani doluptae quas doloreius il ipsum enduciu mquatio. Nequi as ped ute sandit omnis utate vendebis mos volore, con cum ventur, sita autem sus sinverro dolupta dolorporis dolo entium es molumque aces pra aut doleniet libustiur reptatur? Quiduci sinciet ped moloria dolupis magnis maiores tiatiasit venest que reperunt ditat fugit facia cora quis de sape officatis expel ea dolorenimusa aut ent repe voloratur?

Ab imus aliqui con exerit, ulpa velibus ex eari dusant, nem res natentibus solorem digendae nonectatquis doluptios mos cus molupti istrum asim quae volendae nonseritenis erferov iderio qui quunt, vellecatur aut estiatiunt volorumquia con rerspidus, secus is moditiis autemol upidebit ut quistium, inumetur si quuntiam aces eum esti repudi officiunt ut es ent.

Ibus. Evel mi, sende quam, tor autem eium qui tem laut fugiatem qui dunti offictiam reiunti ossitem olesed eosae pro ipsa as moluptatiis ma iuscien imporerum as paruntis ipientiur aut quibusci net quaspicipsam est que sum cus.

Aciendebis del ius. Il molorro od quiscidem dolorest omnis ut et la di velignis rem ex erspid quis mollum vitatia sperem audisqui re volest voluptaes re voluptatet moluptat offictecto modicatem es pra doloribus, consequi rerspiet dolutem quam harchil ibeaqui conse et que nim lam et explignat volupid uciaepe ritiossimil maiorem volum



Zambeef is a real giant, involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed, flour and bread.

It also has large row cropping (maize, soya beans and wheat) operations, with around 5,000 Ha of row crops under irrigation and 1,500 Ha of rain-fed/dry-land crops available for planting each year, according to the company’s website.

Zambeef is in the process of rolling out West Africa expansion in Nigeria and Ghana too, in conjunction with Shoprite, as well as a palm project within Zambia.

“Those are certainly the big developments,” Kopulande said.

Zambeef’s financials are impressive. It had annual revenues of ZMK770.5 billion (US$162 million) for the financial year ended 30 September 2010.

“We have one of the leading distribution and retail footprints in Zambia,” Kopulande added.

Zambeef currently operates 87 stores under the Zambeef banner and 20 in-house butcheries in Shoprite supermarket outlets in Zambia, while it has seven of its own fast food outlets under the brand Zamchick Inn.

It operates two in-house butcheries in



Zambeef FEATURE

Shoprite outlets and four stores under the Zambeef banner in Nigeria and a further two in-house butcheries in Shoprite outlets in Ghana, Zambeef’s website says.

NIGERIAN EXPANSION In Febuary Zambeef announced it had invested US$10million at a farm at Ikenna, 80km from Nigeria’s capital Lagos.

It includes a meat processing facility and soybean farming.

“We have already developed a supply chain in Nigeria over the past two years,” Kopulande told our researcher. “Nigeria is important to us going forward.”

What Zambeef has been able

to do in Nigeria in a very short time frame

is nothing short of a miracle

Zambeef’s road to Nigeria began in 2009, after Shoprite had expanded into the country from the supermarket chain’s base in South Africa.

Zambeef operates Shoprite stores in Zambia, and the chain wanted to use Zambeef as a supplier and to staff Shoprite butchery counters in Nigeria.

Zambeef has invested around US$2 million in Nigeria and plans to invest a further US$8 million over the next

eight years to hire staff, open more Master Meats shops and use the Ikenne farm as a hub to supply neighbouring countries, its website says.

Zambeef predicts revenue will more than double in Nigeria by year-end.

“What Zambeef has been able to do in Nigeria in a very short time frame is nothing short of a miracle,” Gerhard Fritz, Africa operations manager for Shoprite, was quoted as saying recently.


Zambeef FEATURE

Zambeef remains

committed to developing

its palm plantation

Privately owned Zambezi Ranching and Cropping, Zambia’s largest mixed farming operation, has a cattle herd of 10,400. During the 2010/11 season we supplied 2,225 head of cattle and around 900,000 broilersbroilers to Zambeef. With annual revenue in the region of K770.5 billion, Zambeef is the largest agri-business in Zambia.

Zambezi Ranching and Cropping currently Zambezi Ranching and Cropping currently employs 2,500 workers and 14 managers who are all responsible for running their own farms. We support local agriculture by supplying a self contained clinic for workers as well as local neighbouring farms, supporting local schools and sporting events.

We do not just supply animals, but also crop We do not just supply animals, but also crop tobacco, wheat, maize, seed maize, soya beans, potatoes and onions. Zambezi Ranching and Cropping has a SILO storage, a handling and drying facility, with a capacity of 9,000 tonnes. We currently irrigate 1,200 hectares in winter and supplement 1,500 hectares in summer.hectares in summer.

Zambezi Ranching and Cropping is situated in Chisamba, Zambia - 28kms north of Lusaka International Airport.

For more information on how we can supply for your business, please contact:

Telephone/Fax: + 260 211 840349

Email: [email protected] /

[email protected]

Private Bag 583X, Ridgeway, Lusaka,

Zambia Penyaonse Farm, Chisamba,

Zambia


Zambeef FEATURE

PALM OILIn January Zambeef announced plans to boost its palm oil plantation in Mpika.

It is a signifi cant move for the fi rm, according to Kopulande. Zambeef said it will invest US$2.5 million in the palm plantation in Mpika, which when in operation would be the lead exporter of crushed palm oil in the region.

In a statement, Zambeef CEO Francis Grogan said that the 20,000 Ha plantation – which was launched in 2008 – would be boosted further to make it achieve its potential and produce the long-term benefi ts.

“Zambeef remains committed to develop its palm plantation,’’ he said.

Zambia is among the largest importers of palm oil from Asia, with Zambeef importing large quantities from Malaysia, which it uses in its limping unit at Zamanita, he added.

To achieve a healthy crop yield, Zambeef has engaged palm experts from Palm Oil Technology of South Africa, one of the leading palm consultants in the world, said Kopulande.

Zambeef’s subsidiary, Zampalm Limited, has already planted the fi rst 3,000 Ha of palms.

“The palm oil project will not benefi t Zambeef in terms of exports, but would also play a key role in our

ZAMBEEF AT A GLANCE

Zambeef Products Plc is one of the largest agri-businesses in Zambia and the West African region, involved in the production, processing, distribution and retailing of beef, pork, chickens, eggs, milk, dairy products, edible oils, flour and bread throughout Zambia and West Africa. The company is also one of the largest cropping operations in Africa with 5,000 Ha under irrigation of row crops. The Group is in the process of rolling out a palm plantation. Zamleather Limited, a wholly owned subsidiary, is involved in the tanning of hides for export to the Far East and Europe as well as the production of finished leather, shoes and industrial footwear, mainly for the domestic and regional markets. The company is headquartered in Lusaka, Zambia.

CEO:Francis Grogan

Financials:Year over year, Zambeef Products Plc has been able to grow revenues. It has also enjoyed bottom line growth.

Palm Plantation:Zambeef has planted the first 3,000 Ha of palm as part of pilot phase. Upon verification of fresh fruit bunch yields, this will be expanded to 20,000 Ha. Growth in West Africa: Zambeef expects strong growth in West Africa with new outlets due to open and thecompletion of the new pork processing plant in Lagos. Further opportunities exist to replicate the Zambian growthmodel in Nigeria, commencing with Zambeef leasing 500 acres North of Lagos to commence beef abattoir andpoultry operations, the company says.


Zambeef FEATURE

business,” Kopulande said. “Palm oil will play a key part in our future,” he added.

AIM LISTINGZambeef recently became the fi rst Zambian company to list on London’s alternative investment market (AIM), raising US$55 million in total in conjunction with a domestic rights issue.

It listed just weeks ago and the listing is seen as an indication that local companies have the potential to penetrate the international market – Kopulande told our researcher that it is a sign that Zambia has an ability to penetrate more international markets.

“We are becoming a more global business, yes,” he said.

The US$55 million raised via a listing on AIM will be used to bankroll the acquisition of ETC Bio-energy Limited, which the fi rm bought at US$45 million in a transaction completed in June.

According Kopulande, the acquisition of ETC Bio-energy Limited will lead to Zambeef controlling almost 100,000 Ha of farmland in Zambia.

The three farms which form the deal – Nampamba, Chambatata and Kampemba Farms on the Zambian Copperbelt – extend over a total of more than 46,000 Ha.

The acquisition of

ETC Bio-energy Limited will lead

to Zambeef controlling

almost 100,000 Ha of farmland

in Zambia

We have Fresh Kariba Bream from the mighty Zambezi!

We are proud to supply Kariba Bream, a delicious fresh water We are proud to supply Kariba Bream, a delicious fresh water fish. Farmed through sustainable farming methods, the fish are

fed on a vegetarian diet with no stimulants on antibiotics. We sell within South Africa aswell as the UK. Our offices are based in

Lusaka and Harare. To discover how we can supply your business, please see our website or contact us.

Visit us at:4th Floor, 101 Union Building101 Kwame Nkurumah AvenueHarare, Zimbabwe

Call: 00 263 4 707313 or 00 263 4 792583

www.lakeharvest.com


Zambeef FEATURE

“These assets will provide the Group with the agricultural throughput for its processing operations which the board believes should generate additional value and higher margin whilst reducing impact of the volatility of commodity price fluctuations and an erratic supply chain on the Group,” CEO Francis Grogan said in a statement following the firm’s AIM listing.

He added that Zambeef Group had raised US$54.97 million in aggregate by way of both a rights issue of 33,558,580 new ordinary shares to existing investors via Lusaka Stock Exchange (LuSE).

“We are delighted that the AIM flotation has been completed successfully and with such high investor demand for Zambeef shares,” Grogan, who is also co-founder of Zambeef,

said. “We now look forward to working with our new and existing shareholders whom we would like to thank for their ongoing support as we continue to grow and expand.

“The growing demand for agricultural products and consumer goods in sub-Saharan Africa together with the increasingly stable political climate in the countries in which we operate creates an exciting platform on which Zambeef can thrive.”

Zambeef’s goal is to increase efficiency and capacity in its primary production facilities, ensuring it remains a low cost protein producer in the region. It also wants to expand its retail and wholesale distribution channels in order to “increase market penetration in the region”.

To learn more visit www.zambeefplc.com.END

The QK Meats Group established in 1991, with its headquarters located in Naas Ireland. QK Meats S.A. is the newest addition to the Queally group of companies. It has the largest de-boning and retail packing facility on the continent of Africa.Our Products / Services include:• Beef, Lamb & Pork De-boning • Retail Packing: Beef, Pork, Lamb & Chicken • Manufacturing of Fresh & Frozen Meat ; IQF Mince / Dice – Beef, Pork, Lamb, Chicken • Cooked and Dried Meats • Cooked Beef, Pork and Lamb • Trading and Cold Storage around Europe and in Sth Africa. • Manufacturing of lean proteins and edible oils (beef and poultry – fresh and frozen) for processing industry. • Poultry MDM, Chicken Backs and Necks.

QK Meats offer a service of frozen meat from Europe, and fresh and frozen from South Africa to all African Countries.

Address:The Maudlins, Naas,Co. Kildare,Ireland

10 Niehaus Street, City Deep , 2001 City Deep , 2001 Johannesburg , Sth Africa.

Contact:Tel: +353 45 876633Fax: +353 45 874918+353 45 874918Email: [email protected]

www.qkmeats.com

THE MAGAZINE FOR THE GLOBAL SOUTH AFRICAN.

To advertise with us, please contactAndy Ellis:

TEL: 00 44 (0) 1603 343367EMAIL: [email protected]

www.southafricamag.com

BOSSPEOPLE CULTURE TRAVEL PROPERTY BUSINESS WINE SPORT ENTERTAINMENT

Tri-Nations preview

2011 Tri-Nations series will

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Kevin Anderson: Giant in the Making

South African tennis star Kevin

Anderson is set to cause a few

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Oak Valley’s wines have

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Avellini BrosWe visit KwaZulu-Natal-based

Avellini Bros, a structural

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ISSUE 15 R40.00

T H E

Nissan South Africa’s managing director

Mike Whitfield on the auto giant’s future

and plans to double new car salesBOSS




Kevin Anderson: Giant in the Making

South African tennis star Kevin

Anderson is set to cause a few

upsets at WimbledonRoll out the barrel

Oak Valley’s wines have

consistently been rated 4-stars or

better in the Platter wine guide

Avellini BrosWe visit KwaZulu-Natal-based

Avellini Bros, a structural

steel specialist

BOSST H EBOSSNissan South Africa’s managing director

Mike Whitfield on the auto giant’s future

and plans to double new car sales

Tri-Nations preview




ISSUE 15 R40.00

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ENQUIRIESTelephone: 0044 (0)1603 343267Fax: 0044 (0)1603 283602 [email protected]

SUBSCRIPTIONS Call: 00441603 [email protected]

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PLOT 4970, Manda RoadIndustrial Area, LusakaZambia.

Postal Address: Private Bag 17, Woodlands LusakaZambia

Tel: 260 211 252476Fax: 260 1 252496

www.zambeefplc.com

zambeef feature

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