Original disclosure @ IFC website
Updated in EWS Jun 7, 2022
Disclosed by Bank May 25, 2022
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According to bank provided information, the Zambeef Products Plc (“Zambeef” or the “Group”) is one of the leading agribusinesses with integrated operations in Zambia, focusing on cropping, stock feed production, animal breeding and rearing, meat processing, retail and distribution of meat products and stock feed. The investment supports the Company’s US$61.5 million capacity expansion program and resultant incremental working capital requirements.
The Total Project Cost is expected to be c. US$61.5 million. IFC is looking to provide an own account A Loan of up to US$ 35 million in Zambian Kwacha (“ZMW”). In addition, the project is expected to be supported by Blended Finance, as described in the Blended Finance Section. The remainder of the financing will be funded by internally generated funds.
Zambeef Products PLC is a listed Company on the Lusaka Stock Exchange (“LuSE”) and on London Stock Exchange’s AIM (“AIM”). The majority shareholders are institutional investors consisting of: CDC (17.3%), African Life Financial Services (14.1%), National Pension Scheme Authority (8.1%), M & G Investment Management (8.1%), SBM Securities (5.2%) and other shareholders (47.2%).
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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Zambeef Products PLC
Chief Executive Officer
+260 211 213 021
Plot 4970, Manda Road, Industrial Area, P/B 17, Woodlands, Lusaka, Zambia
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