DECEMBER 1, 2022


Mboo Mumba, newly appointed Zambeef CFO

LUSAKA, ZAMBIA – Zambeef Products Plc has named Mboo Mumba as its new Chief Financial Officer with effect from December 1, 2022. He takes up the role of CFO following the appointment of Faith Mukutu – who previously served in the position- as Chief Executive Officer in July 2022.
Mr Mumba is also expected to join the Zambeef board as a director, subject to satisfactory completion of the required regulatory due diligence for the London Stock Exchange Alternative Investment Market (AIM), where Zambeef is listed in addition to the Lusaka Stock Exchange.
Mr Mumba joined Zambeef Group in May 2020 as Project Manager before taking up the role of Group Head of Treasury and Administration.
Zambeef Board Chair Michael Mundashi said: “We are very pleased that Mboo has accepted the position of new Chief Financial Officer of Zambeef. When joining Zambeef, Mr Mumba brought with him impeccable skills, combining industry, financial and banking experience of more than 16 years, which have been instrumental to the management of the company’s operations and overall growth as a world-class cold chain food provider. He has a broad and quite unique experience which we believe will be very valuable for our company.”
An ACCA professional who holds a Bachelor of Accounting degree, Mr Mumba’s career portfolio includes a previous role as CFO of the Wildlife Conservation Society of Zambia before joining Standard Chartered Bank Zambia, where he served as a director in corporate banking.
“I am very excited about leading such a competent and capable team. Zambeef has grown steadily over the years to become the nation’s largest integrated cold chain food products and agribusiness company and one of the largest in the Southern African region. I am looking forward to developing the company further with a clear goal to continue feeding the nation for many more generations,” said Mr Mumba.

About Zambeef Products Plc

Zambeef Products PLC (“Zambeef”) is the largest integrated cold chain food products and agribusiness company in Zambia and one of the largest in the Southern Africa region. Zambeef is quoted on both the Lusaka Securities Exchange and the AIM market of the London Stock Exchange.

It is involved in the primary production, processing, distribution and retailing of beef, chicken, pork, eggs, dairy, fish, flour, stockfeed and day-old chicks throughout Zambia and the surrounding region. It operates 236 retail outlets in Zambia, Nigeria and Ghana.

Zambeef also has one of the largest row cropping operations in Zambia, growing maize, soybeans and wheat. Zambeef plants nearly 23,000 hectares annually, with most of the resulting crops being used in the Zambeef animal feed and flour milling businesses.

Zambeef employs more than 7,000 people.

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For media inquiries, please contact:
Gillian Langmead at Langmead & Baker Ltd
+260 979 060705

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