Mukula logs purchase starts
THE Zambia Forestry and Forest Industries Cooperation (ZAFFICO) has started the purchase of legally harvested mukula logs countrywide.
ZAFFICO is a company listed in the Lusaka Security Exchange whose main business focus is to establish and manage industrial exotic forest plantations and supply quality wood products for local and export markets.
Public Relations Manager, Irene Chipili, said institutions or persons seeking to sell mukula logs must submit certified documentation from the Forestry Department of the Ministry of Lands and Natural Resources.
Ms Chipili said the process had no time restrictions but was a continuous one.
"We are inviting concession licence holders and holders of felling permits for the said logs.
"ZAFFICO remains committed to diligently undertake this mandate working closely with all government agencies responsible for matters relating to the purchase and sale of mukula logs," she said.
Ms Chipili said the firm was fulfilling the mandate given by Government to buy legally harvested mukula logs from the concession licence holders and holders of felling permits.
She added that ZAFFICO was mandated to sell the logs to entities lawfully engaged in value addition to the mukula logs within the country as well as exporting to international markets.
ZAMBEEF has announced new appointments on its stock of board of directors to reflect its value chain strategy.
This is in accordance with Section 3.59 of the Lusaka Securities Exchange (LuSE) Listings Rules.
Zambeef announced the stepping down of Non-Executive Directors namely Margaret Kunda Chalwe – Mudenda, Professor Enala Lyson Tembo -Mwase and John Rabb with immediate effect to be replaced by Katebe Monica Musonda, Pearson Gowero and Roman Frenkel respectively.
The beverages industry has been his forte having worked for the SABMiller Group and equally had a stint in Zambia. Roman Frenkel is a Private Equity Executive with a skew towards Food & Agriculture at Commonwealth Development Corporation (CDC) Group Plc, London.
These changes are with immediate effect.
According to the Kwacha Arbitrageur, the changes were a reflection of an actualisation of the groups value chain strategy that Zambeef Plc had embarked on over the year.
It indicated that the agribusiness entity has been through a series of restructures that has seen greater investment in cold chain value addition and divestment from loss making farms.
“Much as owning farms allows the business to own its value chain, instances where farms are loss making can be draining for the operation hence the strategy to realign posture,” the Magazine said.
Earlier, Zambeef realized its Chiawa and Sinazongwe loss making farms that were cost drivers while refocusing on its Hantley and Mpongwe profitable operations.
The magazine believed that the full board compliment now represented members that were from strong value chain structure backgrounds who would then be tasked to transform the Zambeef stock.
“Monica Musonda brings a Java Foods and Dangote Group experience. She currently board chairs Airtel Zambia Plc. Pearson Gowero brings his Delta Corporation Zimbabwe Limited experience where he serves as Chief Executive.
“The beverages industry has been his forte having worked for the SABMiller Group and equally had a stint in Zambia. Roman Frenkel is a Private Equity Executive with a skew towards Food & Agriculture at Commonwealth Development Corporation (CDC) Group Plc, London,” the magazine said.