Kawambwa Tea, a 100-percent Government-owned company, has reported earning approximately $1 million in export revenue in 2024, marking a significant milestone for the enterprise.
Speaking during a meeting with Special Assistant to President Hakainde Hichilema for Political Affairs, Levy Ngoma, Kawambwa Tea Chief Financial Officer Tachila Zulu disclosed that 80 percent of the company’s exports consist of bulk tea, primarily supplied to industries such as breweries. The remaining 20 percent comprises processed tea, destined for direct consumer use.
Mr. Zulu highlighted the company’s role in fostering economic growth through job creation, noting that Kawambwa Tea currently employs over 500 people.
Mr. Ngoma, who visited the Kawambwa Tea estate this morning, praised the company’s achievements, calling it a “remarkable development story.” He emphasized that the success of Kawambwa Tea demonstrates the potential of Government-owned enterprises to thrive when adequately supported.
“The rebirth of Kawambwa Tea is a testament to what can be achieved with proper investment and management,” said Mr. Ngoma. “The employment of over 500 people is not just a number; it represents livelihoods, families, and communities benefiting from this enterprise.”
The government’s focus on revitalizing key industries, including Kawambwa Tea, aligns with its broader agenda of economic recovery and job creation. Mr. Ngoma reiterated the administration’s commitment to supporting public enterprises and ensuring they contribute meaningfully to Zambia’s development goals.
Kawambwa Tea’s achievements underscore the viability of locally owned businesses in driving economic growth and creating employment opportunities for Zambians.
What’s the profit margin if it’s making a profit? This company would do much better under private ownership. The nepo model under government ownership stifles profitability.
I doubt if this company is making a profit. This company would do much better under private ownership. The nepo model under government ownership stifles profitability.
Moderation for what Ba LT?
Same happened to me
It’s purely lack of algorithms and ignorance
To me it sounds too good to be true
So who really knows with all the misinformation being pushed out
Weldone if factual
Besides this project together with the Mununshi banana scheme started long before these people took power but knowing them they will claim credit. At the same time yes the export earnings sound too good to believe
Agro-based industrialisation is low-tech in nature and should never be above us. 500 plus workers earning a monthly salary in a rural town is a something to celebrate.
Fellas, this is possible. A dollar is fetching about ZMW28 or slightly below. I believe a million of these teas at an average of $1 easily brings in that much. Perhaps we should be complaining that it is not enough…
Yes $1million in sales is possible not $1million in profit.