Cargill has completed the acquisition of Zamanita Limited, the soya bean crushing and oil refining subsidiary of Zambeef.
Zamanita now becomes an integral part of Cargill’s business in Zambia.
As part of the deal, Cargill has acquired all of Zamanita’s assets, including the Mama’s oil and Zamanita oil brands.
This is contained in a press statement released to ZANIS in Lusaka today by Communications Officer, Mildred Kaunda.
Cargill Zambia General Manager Lezanne van Zyl disclosed that all the 310 former Zamanita employees have been re-engaged by Cargill.
Mr. Zyl said an extensive investment programme would immediately start at the crush and refinery site in Lusaka as well as upgrading the machinery, tools and operational processes.
‘Zamanita now becomes an integral part of Cargill’s business in Zambia. We’ll optimize the efficiency of the operation that will bring benefits to our customers in the food and feed sectors,” he said.
Cargill head of grain and oilseeds business in the Middle East and Africa Johan Steyn disclosed that the agricultural sector has got potential in investment as aligned with Cargill’s strategic plan to develop agro-business in Zambia.
He said for many years now, Cargill has been focused on working with small scale farmers in the country and enabling them to diversify into the cultivation of cash crops like soya beans.
Cargill has got over 150,000 employees in 67 countries across the world and committed to feeding the world in a responsible way, reducing environmental impact and improving the communities it operates.