Business

Zambeef earns $30m in exports

KALONDE NYATI, Lusaka
ZAMBEEF Products Plc has earned US$30 million from exports to the southern African region this year.
The Lusaka-based company exported to the Common Market for Eastern and Southern Africa (COMESA) and Southern African Development Community (SADC).
Zambeef Products Plc, which is involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, dairy produce, eggs, edible oils, stock feed, flour and leather products, this year exported products worth US$30 million to the two regional economic blocs with the company expected to increase exports next year.
Company joint chief executive officer Carl Irwin said in an interview on Friday that  exports have increased steadily from the US$5 million recorded in 2011 and the soon-to-be signed COMESA-SADC – Eastern and Southern African Community (EAC) free trade area will further stimulate the company’s goal of expanding exports to the region.
“We want to create Zambia as key supplier of agricultural products in the COMESA and SADC markets by developing a strong value chains. We have fully positioned ourselves for the regional markets,” Mr Irwin said.
He said the regional markets remain key in the firm’s growth strategy with COMESA and SADC accounting for about 10 percent of Zambeef’s turnover while the Nigerian and Ghanaian markets account for about seven percent.
In the last six years, the company has invested about US$150 million in the country’s economy.
He said Zambeef is next year anticipated to invest US$15 million as it continues to position itself as the largest integrated agri-businesses company in Zambia and the region.
Mr Irwin also said the company has continued to contribute to Zambia’s growth as demonstrated by taxes amounting to about US$18 million annually and the creation of about 5,800 jobs to date.

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