Our history

Zambeef was incorporated in 1994, with limited capital, employing 60 staff, slaughtering 180 cattle per month in a small, rented abattoir, delivering meat in a Land Rover and selling the meat through 2 rented butcheries.

Since its incorporation as a small scale start-up business, Zambeef has, through both organic growth and acquisitions, become one of Zambia’s largest agri-businesses with annual revenues of approximately US$275 million, and currently employs over 5,800 staff.

Zambeef was listed on the Lusaka Stock Exchange in 2003 and only carried out its first equity capital raise in 2008 – between 2003 & 2008, Zambeef recorded a compounded organic growth rate of over 20% in real terms.

In June 2011, Zambeef successfully concluded its dual listing on the Alternative Investment Market of the London Stock Exchange. The Banker magazine named Zambeef’s US$55 million listing in London and rights issue in Zambia as 2012’s ‘Deal of the Year’ in Africa for equities. The magazine commended the landmark listing for Zambeef, saying the company’s initial public offering (IPO) on London’s Alternative Investments Market in June 2011 was significant in many ways. “It marked the first time a company from the southern African country had listed internationally and was one of the few overseas African IPO’s from outside the natural resources sector” - The Banker stated.

Zambeef at a glance

Robust business model of vertical integration

Zambeef Products PLC ("Zambeef", the "Company", or, together with its subsidiaries the "Group") is one of the largest integrated agri-businesses in Zambia.

The Group is principally involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed, and flour. The Group also has large row cropping operations (principally maize, soya beans and wheat), with approximately 8,120 Ha of row crops under irrigation and 8,480 Ha of rain-fed/dry-land crops available for planting each year. The Group is also in the process of rolling out its West Africa expansion in Nigeria and Ghana, as well as developing a palm project