Zambeef Products plc
("Zambeef" or the
"Group")
Change in Directorate
Zambeef (AIM: ZAM), the fully integrated cold chain
foods and retail business with operations in Zambia, Nigeria and
Ghana is pleased to announce the appointment of Mr. Patrick
Kalifungwa as CFO and Executive Director with effect from 1 August
2024.
Mr. Kalifungwa brings with him a wealth of corporate
experience spanning 20 years having served as CFO (non-Board) for
Minet Zambia Insurance Brokers Limited (formerly AON Risk
Solutions) since 2017. Prior to that, Mr. Kalifungwa served as Head
of Credit Risk Finance at Stanbic Bank Zambia Limited and as a
Senior Associate with KPMG Zambia.
Mr. Kalifungwa is a holder of a postgraduate Diploma
in International Business from the University of Greenwich and
qualified as a member of the Association of Chartered Certified
Accountants (ACCA), at the Zambia Centre for Accountancy Studies.
Mr. Kalifungwa is a Fellow of the Association of Chartered
Certified Accountants and a Fellow of the Zambia Institute of
Chartered Accountants.
Mr. Kalifungwa is a Non-Executive Director of LIUTEBM
University, Semane Engineering Solutions Zambia Limited, Monter
Capital Partnership Limited and Kilimanjaro Country Lodge. He is
also a Trustee of The Other Side Foundation.
The Board is pleased to welcome Mr. Kalifungwa and is
confident that he will add immeasurable value to Zambeef.
For further information, please visit www.zambeefplc.com or
contact:
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Zambeef Products plc
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Tel: +260
(0) 211 369003
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Faith Mukutu, Chief Executive
Office
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Autus Securities Limited (Sponsoring Broker)
Mataka Nkhoma (Sponsoring
Broker)
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Tel: +260 (0) 211 840 513
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Cavendish Capital Markets Ltd (Nominated Adviser and
Broker)
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Ed Frisby/Abigail Kelly (Corporate
Finance)
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Tel: +44 (0) 20 7220 0500
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Tim Redfern (ECM)
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INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2,
PARAGRAPH (G) OF THE AIM RULES FOR COMPANIES ("AIM RULES")
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Full name:
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Patrick Kunda Kalifungwa
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Age:
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44
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Shareholding in the
Company:
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No shares held
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Current directorships and
partnerships:
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Livingstone International University
of Tourism Excellence and Business Management Limited (also known
as Liutebm University)
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Kilimanjaro Country Lodge
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Monter Capital Partnership
Limited
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Semane Engineering Solutions Zambia
Limited
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Historic directorships and
partnerships in previous 5 years:
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None
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There is no further information to be disclosed in
relation to the director appointment pursuant to Rule 17 and
Schedule 2, paragraph (g) of the AIM Rules.
Notes to
Editors
Zambeef Products plc is the largest integrated cold
chain food products and agribusiness company in Zambia and one of
the largest in the region, involved in the primary production,
processing, distribution and retailing of beef, chicken, pork,
milk, dairy products, fish, flour and stockfeed, throughout Zambia
and the surrounding region, as well as Nigeria and Ghana.
It has 236 retail outlets throughout Zambia and West
Africa.
The Company is one of the largest suppliers of beef
in Zambia. Five beef abattoirs and three feedlots are located
throughout Zambia, with a capacity to slaughter 230,000 cattle a
year. It is also one of the largest chicken producers in Zambia,
with a capacity of 8.8m broilers and 25.4 million-day-old chicks a
year. It is one of the largest piggeries, pig abattoirs and pork
processing plants in Zambia, with a capacity to slaughter 75,000
pigs a year, while its dairy has a capacity of 120,000 litres per
day.
The Group is also one of the largest cereal row
cropping operations in Zambia, with approximately 7,265 hectares of
row crops under irrigation, which are planted twice a year, and a
further 8,000 hectares of rainfed/dry-land crops available for
planting each year.