Zambia Agribusiness Group Plans USD 15 Million Investment To Expand 2015 Operations

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Zambeef Products Plc, Zambia largest integrated agribusinesses announced plans to spend USD 15 million in 2015 to expand their operations and increase exports.

The group has reported earnings of USD 30 million from exports to the Common Market for Eastern and Southern Africa (COMESA) and Southern African Development Community (SADC) regions in 2014 with

According to Carl Irwin, joint CEO of Zambeef, the company is focusing their long-term plans of the expansion of exports into the COMESA/SADC region, which currently accounts for approximately 10% of the company’s turnover.

“We want to create Zambia as key supplier of agricultural products in the COMESA and SADC markets by developing a strong value chains.,” he said, “We see real growth in COMESA and SADC and we are not looking to try and compete with Europe or North America.”

Zambeef is listed at both London Alternative Market (AIM: ZAM) and Lusaka Stock Exchange (LUSE: ZAMBEEF).