Zambian Breweries

Last updated
Zambian Breweries Plc
TypeListed
LuSE: ZABR
Industry Alcoholic beverages
PredecessorZambian Breweries, Zambia Bottlers, Copperbelt Bottling, Northern Breweries
Founded1963
Headquarters
Plot 6438, Mungwi Road, Heavy Industrial Area, Lusaka
,
Zambia
Key people
  • Monica Musonda (Chair)
  • Michelle Kilpin (Country Director)
  • Obed Somali (Chief Financial Officer)
ProductsProduction and distribution of clear beer and soft drinks
Production output
2.3 million hl
Revenue
  • Increase2.svg ZMW 3,068,959,000
  • (2021)
  • ZMW 2,305,425,000
  • (2020)
[1]
  • Increase2.svg ZMW 147,952,000
  • (2021)
  • ZMW 5,939,000
  • (2020)
[1]
Total assets
  • Increase2.svg ZMW 3,578,033,000
  • (2021)
  • ZMW 3,232,039,000
  • (2020)
[1]
Total equity
  • Increase2.svg ZMW 1,139,004,000
  • (2021)
  • ZMW 991,052,000
  • (2020)
[1]
OwnerAnheuser-Busch InBev (ABInBev)
Number of employees
940 (2019)
Parent ABInBev

Zambian Breweries Plc is part of Anheuser-Busch InBev (ABInBev), the largest brewer in the world, with more than 400 beer brands and some 200,000 employees in over 50 countries.

Contents

Zambian Breweries was established in Zambia in 1968 and its product range has grown to include clear beers such as Mosi Lager, Castle, Carling Black Label, Eagle, Corona, Stella Artois, Budweiser, Flying Fish and Castle Lite.

History

Brands

Zambia-Zimbabue 02.jpg


The company has a virtual monopoly on clear brew products in Zambia. [2]

Finance

As of 31 December 2021, the company's total assets were ZMW 3,578,033,000, with shareholders' equity of ZMW 1,139,004,000. [6]

For the fiscal (and calendar) year 2021, Zambian Breweries reported a net income of ZMW 147,952,000. [6] The annual revenue was ZMW 3,068,959,000, an increase over the previous fiscal year. [6]

Zambian Breweries is listed on the Lusaka Securities Exchange (LuSE). [7] Zambian Breweries is traded on the LuSE under the ticker symbol “ZABR”. [8]

Zambian Breweries Plc was the best performing stock in January 2022 on the Lusaka Securities Exchange (LuSE) after posting over ZMW 21.6 million, in turnover. [9]

Zambian Breweries is currently the sixth most valuable stock on the Lusaka Securities Exchange with a market capitalization of ZMW 3.82 billion as of 14 April 2022. [10]

Financial history

In 1998, Zambian Breweries made a 100 percent takeover bid for what was then Northern Breweries, now National Breweries. The Zambian Competition Commission only gave tentative approval to the merger. Both breweries are listed on the Lusaka Stock Exchange in 2006.

Two balance sheets are published. But both breweries are constantly confused in financial reporting and "insider" financial services, making attribution of information immensely difficult. The reason for this may lie in the same major shareholder.

In 2017, the Lusaka Stock Exchange (LuSE) awarded the Zambian Breweries Plc the coveted Corporate Governance Awards for 2017 and 2017. [11]

Related Research Articles

<span class="mw-page-title-main">Economy of Zambia</span>

Zambia is a developing country, and it achieved middle-income status in 2011. Through the first decade of the 21st century, the economy of Zambia was one of the fastest-growing economies in Africa, and its capital, Lusaka, the fastest-growing city in the Southern African Development Community (SADC). Zambia's economic performance has stalled in recent years due to declining copper prices, significant fiscal deficits, and energy shortages.

<span class="mw-page-title-main">South African Breweries</span> Brewing company based in Johannesburg, South Africa

South African Breweries is a major brewery headquartered in Johannesburg, South Africa and was a wholly owned subsidiary of SABMiller until its interests were sold to Anheuser-Busch InBev on 10 October 2016. South African Breweries is now a direct subsidiary of Anheuser-Busch InBev SA/NV.

<span class="mw-page-title-main">SABMiller</span> Multinational brewing and beverage company

SABMiller plc was a South African multinational brewing and beverage company headquartered in Woking, England on the outskirts of London until 10 October 2016 when it was acquired by AB InBev. Prior to that date, it was the world's second-largest brewer measured by revenues and was also a major bottler of Coca-Cola. Its brands included Foster's, Miller, and Pilsner Urquell. It operated in 80 countries worldwide and in 2009 sold around 21 billion litres of beverages. Since 10 October 2016, SABMiller is a business division of AB InBev, a Belgian multinational corporation with headquarters in Leuven.

<span class="mw-page-title-main">Zanaco F.C.</span> Zambian association football club

Zanaco FC is a Zambian football club based in Lusaka that plays in the MTN/FAZ Super Division. They play their home games at Sunset Stadium in Lusaka. Zanaco Football Club was formed in 1978 as a social team by management trainees of Zambia National Commercial Bank. The team was launched at LOTUS INN in Lusaka. The founding members were Lloyd Choongo, Ben Banda, Nathan Lupupa and John Kasengele. Starting from the 1980s, Zanaco started growing steadily from a mere social club to becoming one of the most successful and decorated club in Zambian football history. Over the years the Sunset Stadium-based team has won 7 Super League trophies, 4 Charity Shields, 1 Coca-Cola Cup, 1 Mosi Cup and 3 BP Cups. Zanaco are the only team outside of Zambia's Copperbelt Province to have not only won but also defended the Super League Trophy.

<span class="mw-page-title-main">Zambia Super League</span> Zambian top-flight football league

The Zambia Super League, known as the MTN Super League for sponsorship purposes, is the top association football league created in 1962 by the Football Association of Zambia. The winners of the league each season receives ZMW1,000,000 ($55,555) and a copper trophy engraved with their team name.

<span class="mw-page-title-main">Lusaka Stock Exchange</span> Stock exchange in Lusaka, Zambia

The Lusaka Stock Exchange is the principal stock exchange of Zambia. Founded in 1993, it is located in Lusaka. The LuSE is a member of the African Stock Exchanges Association.

<span class="mw-page-title-main">Zambeef Products</span>

According to its website, Zambeef is the largest beef producer in Zambia. The company also provides feedlot services, and manufactures milk, chicken, eggs, leather and shoes. The company operates a fast food restaurant chain and a trucking company, including a fleet of refrigerated trucks. Zambeef grows crops, including wheat, maize, lucerne and soybeans, produces feed, and operates feed processing plants. Its subsidiaries include Master Meats Production Company, of Nigeria. The company's export business is active, especially throughout southern Africa.

<span class="mw-page-title-main">Chilanga Cement</span>

Chilanga Cement is a company of Zambia. Chilanga is principally a cement company, producing cement and cement clinker. The company also sales aggregates from a quarry it operates in Chilanga. The company is headquartered in Chilanga (Lusaka), Zambia which is close to Lusaka, the national capital.

<span class="mw-page-title-main">Zambia National Commercial Bank</span> Commercial bank in Zambia

Zambia National Commercial Bank, commonly referred to by the name "Zanaco", is a commercial bank in Zambia. It is licensed by Bank of Zambia, the central bank and national banking regulator. In 2021, Zanaco became the first bank in Zambia to register ZMW1bn in profit after tax.

SABMiller was one of the top five global brewing companies, and had a range of over 150 beers, including international beers such as Pilsner Urquell, and Miller Genuine Draft, and local ones such as Gambrinus and Castle Milk Stout.

<span class="mw-page-title-main">Accra Brewery Limited</span> Brewery based in Accra, Ghana

Accra Brewery Limited is a brewery based in Accra, Ghana.

Cavmont Bank Limited is a commercial bank in Zambia. It is licensed by the Bank of Zambia, the central bank and national banking regulator.

Investrust Bank Plc., commonly known as Investrust Bank, is a commercial bank in Zambia. It is licensed by the Bank of Zambia, the central bank and national banking regulator.

Standard Chartered Zambia, officially Standard Chartered Bank Zambia Plc, commonly known as is a Stanchart Zambia, is a commercial bank in Zambia and a subsidiary of Standard Chartered. It is licensed by the Bank of Zambia, the central bank and national banking regulator.

<span class="mw-page-title-main">Zambia Sugar</span> Zambian sugar manufacturing company

Zambia Sugar Plc is the largest sugar-manufacturing company in Zambia, with annual output in excess of 318,467 tonnes of crystalline sugar annually, as of November 2018. The company stock is listed on the Lusaka Stock Exchange under the symbol ZSUG.

Coca-Cola Beverages Africa is a company that was formed in 2014 from the merger of SABMiller plc, The Coca-Cola Company and Gutsche Family Investments beverage bottling operations in Southern and East Africa.

Ndola Lime Company Limited (NLC) is a limestone products producing company in Zambia.

<span class="mw-page-title-main">First Capital Bank Zambia Limited</span> Zambian commercial bank

First Capital Bank Zambia Limited, is a commercial bank in Zambia that is licensed by the Bank of Zambia, the central bank and national banking regulator. It is a subsidiary of FMBCapital Holdings Plc, a financial services conglomerate, based in Mauritius, whose shares of stock are listed on the Malawi Stock Exchange and has subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe.

According to records from the RSSSF, there were many association football cup competitions organized in Zambia since 1962, some of which are the Independence Cup, the Zambian Challenge Cup, the Champion of Champions Cup and Zambian Coca-Cola Cup, the latter which began in 2001. These competitions are either inactive or were played no more as of 2009.

References

  1. 1 2 3 4 "Zambrew Abridged Results 31-Dec-21" (PDF). LuSE. 7 March 2021. Retrieved 16 April 2022.
  2. 1 2 3 4 "Zambian Breweries - AGE (African Growing Enterprises) File - Institute of Developing Economies". Ide.go.jp. Retrieved 2018-03-21.
  3. Issuers and sectors
  4. 1 2 "Coca-Cola Buys AB InBev Out of Africa Unit for $3.2 Billion". Bloomberg.com. 2016-12-21. Retrieved 2017-08-16.
  5. "zambian-breweries-attains-double-digit-revenue-growth-driven-by-high-product-demand". foodbusinessafrica.com. 23 August 2022. Retrieved 23 August 2022.
  6. 1 2 3 LuSE (7 Mar 2022). "Zambian Breweries Plc Final Year Results 31-Dec-21" (PDF). luse.co.zm. Retrieved 16 Apr 2022.
  7. LuSE (16 April 2022). "Lusaka Stock Exchange Listed Companies". luse.co.zm. Retrieved 16 April 2022.
  8. LuSE (16 April 2022). "LuSE Market Data". luse.co.zm. Retrieved 16 April 2022.
  9. Zambia Daily Mail Newspaper (10 March 2022). "Zambian Breweries Flies High on LuSE Trade". daily-mail.co.zm. Retrieved 16 April 2022.
  10. African 'Xchanges (16 April 2022). "African 'Xchanges". afx.kwayisi.org. Retrieved 16 April 2022.
  11. "LuSE awards Zambian Breweries, National Breweries | Zambian Eye".