The Lusaka Securities Exchange-LuSE, has congratulated Zambia Sugar PLC for hitting an exceptional milestone of over $1 billion market capitalisation on the securities exchange.  Thirty years after becoming the second company to list on LuSE, Zambia Sugar has joined an exclusive group as the third company to exceed the $1 billion market capitalization mark.

At the close of the 2025 financial year, the Company’s share price stood at K48 per share. Since then, it has risen by approximately 40% to K67 per share. This growth, supported by the appreciation of the Kwacha – up nearly 10% since December 2025 and reaching a fresh two-year high on 5 January 2026, has propelled the Company to this achievement.
.
Speaking at the close of 2025, Zambia Sugar Managing Director, Oswald Magwenzi, reaffirmed the Company’s commitment to driving private sector-led growth and national development. He made these remarks at the 4th Public Private Dialogue Forum convened by President Hakainde Hichilema in Lusaka on 12 December 2025, where Zambia Sugar served as Anchor Sponsor.

Mr. Magwenzi further highlighted that the Company is currently implementing projects valued at US$132 million, underscoring its continued investment in growth and sustainability.

The post Zambia Sugar’s market capitalization on LuSE hits USD$1 Billion mark first appeared on Zambia Sugar | A Member of ABF Sugar.

As we step into 2026, Zambia Sugar thanks all our customers, partners, employees, and communities for making 2025 a year of growth and success.

May this New Year bring joy, prosperity, and many sweet moments shared with your loved ones.

Here’s to another year of progress, partnerships, and making life a little sweeter together.

#ZambiaSugar#HappyNewYear2026#SweeteningLives#NewYearJoy

The post Welcoming 2026: Thank You for a Year of Growth, Partnership, and Shared Success first appeared on Zambia Sugar | A Member of ABF Sugar.

As we celebrate this festive season, we extend our heartfelt gratitude to all our customers, partners and communities. Thank you for choosing Zambia Sugar throughout 2025.

Wishing you and your families a Merry Christmas!

#ZambiaSugar#SweeteningLives#Christmas2025

The post Season’s Greetings: Thank You for Being Part of the Zambia Sugar Journey in 2025 first appeared on Zambia Sugar | A Member of ABF Sugar.

Zambia Sugar Plc was proud to participate in the Private Sector Day at the Public Private Dialogue Forum, where Managing Director Oswald Magwenzi delivered an engaging and forward-looking address on the role of the private sector in driving sustainable economic growth.

In his remarks, he reaffirmed Zambia Sugar’s long-term commitment to Zambia through continued investment in production capacity, customer-focused infrastructure, and energy solutions that support operational efficiency and sustainability. He also expressed confidence in the country’s improving investment climate and the value of consistent, collaborative dialogue between government and the private sector.

Zambia Sugar remains a strong supporter of the PPDF platform and is committed to working alongside government and industry partners to unlock growth opportunities, strengthen local value chains, and contribute meaningfully to Zambia’s economic development.

The post Zambia Sugar Champions Private Sector Leadership at the Public Private Dialogue Forum first appeared on Zambia Sugar | A Member of ABF Sugar.

Zambia Sugar CEO Mr. Oswald Magwenzi was among the continent’s producers that represented Africa’s potential and shared the company’s vision at the recently held 34th International Sugar Organisation (ISO) Conference in London.

At the conference, Mr. Magwenzi was proud to share that Zambia Sugar was targeting to increase its annual production from 400,000 to 500,000 tonnes in the next three to five years leveraging the company’s strong market position, robust distribution network, a firm commitment to workplace safety.

He explained how significant productivity gains have been achieved through modernised farming systems and investments in efficient irrigation technologies such as drip irrigation and Synergistic Surface Irrigation and Drainage (SSID).

Mr. Magwenzi highlighted ongoing climate-resilience investments, including upgraded irrigation systems, enhanced water monitoring, improved cane varieties, satellite-based weather forecasting, and expanded use of renewable energy, particularly cogeneration using waste from sugar production and solar.

He also presented the Twazabuka Project, a multi-million-dollar investment in a state-of-the-art customer service facility designed to support flexible, year-round delivery to customers.

Held under the theme “Sugar – So Much More than a Sweetener”, the event brought together industry leaders, policymakers, and global stakeholders to explore emerging trends, challenges, and innovations shaping the sugar sector.

Mr. Magwenzi also highlighted the company’s diversification plans, which include entry into power generation and exploring opportunities in fuel ethanol and specialty chemicals such as furfural.

Representation from the Zambian government to the meeting included Her Excellency Ms. Macenje Mazoka, High Commissioner of the Republic of Zambia to the United Kingdom, and Ms. Yvonne Zulu, the First Secretary (Trade) from the Zambia High Commission in London, it was wonderful to have their representation at this industry event.

The International Sugar Organisation hosts its conference annually to deepen understanding of the global sugar market and its challenges. Since inception in 1991, these conferences have evolved into major industry events, providing valuable insights and serving as a platform for farmers, policymakers, financiers, industry players, and the media to engage and collaborate.

The post Zambia Sugar represents Africa at International Sugar Organization Conference first appeared on Zambia Sugar | A Member of ABF Sugar.

We continue to stand with the global community in recognizing the progress made and the work still needed in the fight against HIV and AIDS.

This year’s World AIDS Day theme, “Overcoming Disruption, Transforming the AIDS Response,” reminds us that resilience, innovation, and ongoing support for those affected remain crucial.

At Zambia Sugar, we are committed to promoting workplace wellness, expanding access to information, plus treatment through our wellness programme, and supporting communities through sustainable health programs.

#ZambiaSugar#HealthAwareness#CommunitySupport#HIVAIDSAwareness

The post World AIDS Day: Standing Together to Overcome Disruption and Transform the HIV & AIDS Response first appeared on Zambia Sugar | A Member of ABF Sugar.

Zambia Sugar Plc held its 64th Annual General Meeting of the members at Intercontinental Hotel, Lusaka on Thursday 27th November 2025. The meeting which was filled to capacity was also attended by the ABF Sugar CEO Mr. Paul Kenward.

The Board Chairperson Mrs. Roseta Chabala thanked all the members for unanimously passing all the resolutions proposed by the Board which included the appointment of Mr. Christian Rees as a Non- Executive Director. The members ratified the appointment of Mrs. Susan M’kandawire Mulikita and Mr. Lekani Katandula as Independent Non- Executive Director and Non- Executive Director, respectively. The members approved payment of a final dividend of 109.6 ngwee, for the year ended 31 August 2025 and that it should be payable on 22nd December 2025.

Managing Director Mr. Oswald Magwenzi earlier gave a comprehensive summary of the Company’s performance for the year as well as an update of the strategic initiatives that the Company was pursuing in view of the weather and economic and business forecasts. He commended employees for demonstrating resilience amid the worst drought experienced in recent memory. He also praised their teamwork and focus on strategy implementation which led to the Company delivering a stellar performance.

Oswald thanked the members for their investment in the Company which was a demonstration of their confidence highlighting the recent and planned multi-million dollar investment projects including; the Twazabuka warehouse project, innovative irrigation projects, the Falling Film Evaporator and the latest power plant expansion project phase 1 increasing capacity from 40MW to 53 MW due to be completed in the next financial year. He encouraged the members to look to the future with great optimism.

Oswald assured the members of the Company’s position to meet its Environment, Social and Governance (ESG) Commitments. He highlighted initiatives being implemented such as Green House Gas (GHG) Emissions reduction under Scope 1,2 & 3, Efficient usage of abstracted water, Preservation of biodiversity & Soil Health, and maximizing usage of biomass energy.

Finance Director Mr. Hezron Musonda, praised employees for a robust performance amid harsh weather as he presented the Company’s financial performance the year. He explained that although sugar production and sales volumes was adversely impacted due to the lingering effects of the drought, revenue increased on account of optimising sales mix. Sugar production dropped from 424,531 tonnes in 2024 to 372,328 tonnes while sales volume declined from 400,631 tonnes in 2024 to 315,120 tonnes.

Hezron commended the commercial teams for the robust sales mix both in the export and domestic markets. The Company focused on select export markets while leveraging route to market to help penetrate new domestic markets, thanks to small formats including the installation of containers in remote areas and the new 70g packets under the favourite Whitespoon brand.

The Company generated K8.9 billion in revenue compared to K7.5 billion in 2024. Operating profit was K1.9 billion and profit after tax was K1.6 billion resulting in earnings per share of 516 ngwee. Zambia Sugar’s share price rose above the Lusaka Security Exchange (LuSE) all share index for the year, moving from K34 per share in August 2024 to K48 per share at the end of the financial year.

#ZambiaSugar#AGM2025#SustainableGrowth#CorporateLeadership#ESG#GoodCorporateCitizenship#ValueCreation#ResilienceInAction

The post Zambia Sugar PLC members applaud board & management for resilience in a perfect storm! first appeared on Zambia Sugar | A Member of ABF Sugar.

At this year’s Zambia Revenue Authority 2025 Taxpayer Appreciation Day, Zambia Sugar was proud to be recognised for its commitment to transparent and compliant business practices. We received two key honours: – Highest Tax Payer & Exemplary Tax Compliance – Manufacturing: Recognizing the highest contributor in the manufacturing sector with exemplary compliance. – Trailblazer Award – Cooperative Compliance: Awarded to pioneering companies that were the first participants in the Cooperative Compliance Programme (CCP), demonstrating exceptional leadership, transparency, and a trust-based approach to tax compliance.

These awards highlight our dedication to accountability, consistency, and maintaining the highest standards in how we operate. A proud moment for a team committed to doing things the right way. #ZambiaSugar #ComplianceExcellence #ResponsibleLeadership #GoodCorporateCitizenship

The post Zambia Sugar Honoured for Excellence in Tax Compliance and Responsible Leadership at ZRA 2025 Taxpayer Appreciation Day first appeared on Zambia Sugar | A Member of ABF Sugar.

The Managing Director’s Business Forum was held on Wednesday 19th November, 2025 at our Nakambala Estate. It was focused on Safety, full year results, and resilience of employees during the year.

The Managing Director, Mr. Oswald Magwenzi, commended employees for demonstrating resilience amid the worst drought experienced in recent memory. He also praised their teamwork and focus on strategy implementation which led to the Company delivering a stellar performance.

Oswald shared the focus being placed on engineering out all unsafe work conditions, and the behavioural safety programmes for all employees and contractors that is underway. Oswald called on every employee to renew their safety mindset, to play their part to create a safe place to work and reaffirm their individual commitment to the Safety vision which is To get everyone home safely, every day, everywhere with no exception.

The Finance Director Mr. Hezron Musonda, echoed Oswald’s comments praising employees for being agile and demonstrating prudent management of resources during the year. He praised the teams for a strong performance amid poor weather. Sugar production volume was adversely impacted due to the lingering effects of the drought dropping from 424,531 tonnes in 2024 to 372,328 tonnes. Sales volume also declined from 400,631 tonnes in 2024 to 315,120 tonnes. Despite a volume decrease, the revenue increased on account of optimising sales mix. He commended the commercial team for the robust sales mix both in the export and domestic markets. The Company focused on select export markets while leveraging the route to market to help penetrate new domestic markets, thanks to small formats including the new 70g packets under the favourite Whitespoon brand.

Oswald commended the factory teams that broke 25 performance records during the year, including highest cane crush per day and highest refined sugar production per day.

Oswald reaffirmed the Company’s position to meet its Environment, Social and Governance (ESG) Commitments. He stated that the Company was placing greater emphasis on ESG highlighting initiatives being implemented such as Green House Gas (GHG) Emissions reduction under Scope 1,2 &3, Efficient usage of abstracted water, Preservation of biodiversity & Soil Health, and maximizing usage of biomass energy.

Oswald called on staff to be proud of the work underway to fulfil social commitments. He highlighted Contractor Management and Employee wellness programmes, and the provision of decent housing on the estate, and a pathway to homeownership. Oswald also highlighted the Local Supplier Development initiative, enabling 22 contractors to graduate and be engaged to refurbish employee houses. He challenged employees to participate in community projects like Walk a Mile in my shoes done jointly with ZAMBEEF Products Plc.

Employees were pleased that projects being implemented were adding to productivity and growth. Oswald encouraged everyone to look to the future with great optimism and reaffirmed the commitment of the ABF Sugar division to both the company and the country. Demonstrating their confidence through recent and planned multi-million dollar investment projects including; the Twazabuka warehouse project, innovative irrigation projects, the upgraded Falling Film Evaporator and the latest power plant expansion project phase 1 moving capacity from 40MW to 53 MW due to be completed by Q4 2026. All of these projects are contributing to a more efficient, customer-focused operation focused on sustainable growth.

The post MD calls on employees to renew their safety mindset first appeared on Zambia Sugar | A Member of ABF Sugar.

ABF APPLAUDS ZAMBIA SUGAR’S COMMITMENT TO SOCIAL IMPACT!

We recently hosted our ABF Sugar Chief Executive Officer, Mr. Paul Kenward, who visited alongside Associated British Foods (ABF) Plc’s Director of Financial Control, Mr. James Rushton and Dame Heather Rabbatts, the ABF Independent Non-Executive Director. Dr. Ernest Peresu, ABF Sugar Africa Social Development Director and Mr. Alasdair Harris, the ABF Sugar Group Estate Agriculture Head also accompanied the delegation.

We were proud to show the delegation some of the projects and initiatives we are involved in that positively contribute to the livelihoods of our people, our key partners and the broader Zambian community. In particular, our visitors were most impressed by the work we are doing at Nakambala Private School noting the ranking of the school as one of the top performers in Southern Province, with the record of having the highest pass marks across the country, as well as our recent renovations to other schools in the area.

The delegation visited the Zambia Sugar Hospital and interacted with the doctors and medical teams that shared the health and social impact that Zambia Sugar continues to make on the community of Mazabuka and the province. Including the eradication of Malaria from Nakambala, support of Government’s child immunisation programme and partnership with the District Health Management Teams. Our Managing Director, Oswald Magwenzi, also took the opportunity to remind our visitors of the ongoing positive role of our sugar for our consumers, all of our direct consumption sugar we fortify with Vitamin A which is important in children’s health development.

The ABF delegation learnt that the Company’s local supplier development programme has had a transformative impact on the lives of local contractors and suppliers. Recently, Zambia Sugar partnered with the National Council for Construction (NCC) and trained 22 local contractors, empowering them with classroom knowledge and practical construction skills. These local companies, some run by single parents including women like Ms. Loveness Nyirenda, have now begun to grow—winning construction contracts and furthering their businesses. These companies now support Zambia Sugar’s over 750 house construction and renovation project, taking place at Nakambala estate and Nanga Farm in the short to medium term. Loveness commended Zambia Sugar and personally thanked the ABF Sugar CEO for providing commercial opportunities to women-run organisations.

Paul Kenward took the opportunity to commend our staff, contractors and unions for the work they were doing in the refurbishment of the staff houses and committed support to the programme.

The visit also included a trip to Nanga Farms Limited, a Zambia Sugar subsidiary, where their innovative approach is demonstrating real value in regenerative agriculture and increased opportunities from a circular economy.

We were pleased to have this delegation visit for a few days and were proud to show them the work we are involved in. Dame Rabbatts was impressed by the greater social and economic impact that the Company continues to make in the local community and beyond. Together with James Rushton, they pledged their commitment to promote Zambia Sugar stories with the ABF investors.

The post Commitment to Social Impact first appeared on Zambia Sugar | A Member of ABF Sugar.