ZAMBEEF POSTS POSITIVE GROWTH IN WEST AFRICA OPERATIONS

Multi-national agro-producing and processing Zambian company, ZAMBEEF has posted 54 per cent increased profits in its West Africa operations, claiming 11.5 billion kwacha.

The firm says it now operates 3 and 2 outlets in Nigeria and Ghana respectively, in a partnership with South African supermarket chain stores, Shoprite.

This is in addition to 4 outlets it solely operates in Nigeria.

And ZAMBEEF has plans to increase stock-feed exports to Zimbabwe, which during the year under review totalled 3,000 metric tonnes.

Meanwhile, on the whole, ZAMBEEF has posted a 44.5 billion kwacha net income, up by 125 per cent against a gross of 923 billion kwacha for the financial year ending 30^th September 2011.

Among the outstanding business decisions made in the period under review was the 46 million dollars acquisition of Mpongwe Farms, whose legume output is set to feed into the oil processing Zamanita.

ZAMBEEF has further reported a 62.3 billion kwacha gross profit at Zamanita, a company it bought out 3 years ago.