Thu, 24 Nov 2016 12:44:48 +0000 AGRICULTURE Minister Dora Siliya has commended Zambeef Products on their successful raising of US$65 million of capital investment from CDC Group. Ms Siliya said there was need for more investment and a bold push in inclusive strategies in the sector. The minister was speaking at a Zambeef corporate function to acknowledge both the new as well as existing partnerships with various stakeholders in Lusaka. The US$65 million investment had enabled Zambia’s largest food retailing company to regain full local ownership of its Zamhatch Hatchery and Zamchick broiler divisions after a US$23 million cash buy-back of shares from a South African joint venture partner. “CDC has seen the potential and that’s why they have come here as a stamp of approval that this country can do well and will do well,” said Ms Siliya. Others in attendance included representatives and dignitaries from various diplomatic missions, Government officials, financial institutions as […]
Govt salutes Zambeef for raising US$65m capital from CDC
