5 C
Alba Iulia
Wednesday, January 29, 2020

Cargill completes acquisition of Zamanita from Zambeef

Economy Cargill completes acquisition of Zamanita from Zambeef

Cargill has completed the acquisition of Zamanita Ltd, the soya bean crushing and oil refining subsidiary of Zambeef.

Zamanita now becomes an integral part of Cargill’s business in Zambia.

As part of the deal, Cargill has acquired all of Zamanita’s assets, including the Mama’s oil and Zamanita oil brands.

Welcoming Zamanita’s 310 employees to Cargill, Lezanne van Zyl, General Manager of Cargill in Zambia said, ‘Cargill will immediately start an extensive investment programme at the crush and refinery site in Lusaka, where upgrades will be made to machinery, tools and operational processes.’

‘Building on Zamanita’s existing strengths, we intend to bring this plant up to the high standards of quality, environmental health and safety that is associated with our company around the world. We will optimize the efficiency of the operation that will bring benefits to our customers in the food and feed sectors.”

“Acquiring this business is a strong indicator of Cargill’s intention to grow our business in Zambia,” added Johan Steyn, head of Cargill’s grain and oilseeds business in the Middle East and Africa.

“We see excellent potential in the country’s agricultural sector and this investment is aligned with Cargill’s strategy to develop our offering to farmers. For many years we have focussed on working with small scale farmers in Zambia, enabling them to diversify into the cultivation of cash crops. Investing in soybean processing further enables Cargill to provide both small scale and commercial farmers with market access for their products.

Our feed customers will also benefit from a high and consistent soybean meal quality, building on our worldwide experience as a leading soybean meal producer.”

[Read 77 times, 1 reads today]


  1. Bye Bye Zamanita, i will miss company clinic where every employee from Zamleather and Novatek were going, i wonder where they will be going.

Comments are closed.

- Advertisement -

Latest News

Senior Chief Ndungu of Zambezi dies

His Royal Highness Senior Chief Ndungu of the Luvale people of Zambezi district has died. Prime Minister of the Luvale...

Milanzi :Tunisia a Threat in 2022 Qatar Race

Ex-Chipolopolo striker Harry Milanzi says Zambia should be wary of Tunisia in Group B of the Qatar 2022 FIFA World Cup qualifying campaign that...

Formally Write to us if you have any grievances regarding the Electoral Commision-Nshindano

The Electoral Commission of Zambia Chief Electoral Officer Patrick Nshindano has urged stakeholders who may have any grievances regarding the manner the ECZ is...

PF’s Kennedy Kamba says ignore the frustrated and bitter Soul in the name of Seer 1

The Patriotic Front in Lusaka Province has urged Zambians to ignore what it has termed as the frustrated and bitter Soul in the name...

Chief Chanje Concerned that PF youths have continued to exhibit violence at funerals and traditional ceremonies

Chief Chanje of the Chewa speaking people in Chipangali District of Eastern Province is worried that PF youths have continued to exhibit violence at...

More Articles In This Category

- Advertisement -
[Read 21 times, 1 reads today]