18th Jul 2022 19:31
Zambeef Products PLC - Zambia-focused cold chain foods and retail business - Enters into ZMW570 million debt facility, around USD35 million, with the International Finance Corp to part finance its USD100 million investment strategy. IFC is a global development institution that supports economic development via the private sector of developing countries. If additional funding is secured, Zambeef expects to double row cropping capacity at Mpongwe Farm, and boost production effiency and capacity through downstream food value chains.
Current stock price: 8.74 pence, down 5.5% on Monday
12-month change: down 4.3%
By Elizabeth Winter; [email protected]
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