Transaction Summary
Zambeef Products PLC (Zambeef), a leading vertically integrated cold chain food and agribusiness conglomerate in Zambia, has secured a Zambian Kwacha-backed Risk Sharing Credit Guarantee worth $32 million from the African Development Bank Group (AfDB). The guarantee will help facilitate $25 million in local currency financing provided by Stanbic Bank Zambia (Stanbic), a subsidiary of Standard Bank Group, with an additional $7 million to cover interest and associated costs. Zambeef operates 236 retail outlets across Zambia and partners with major supermarket chains, including Shoprite, to supply fresh meat and dairy products to Nigerian and Ghanaian consumers. The company intends to use the financing to fund its $100 million expansion plan to boost its agricultural and food processing capacity across its integrated value chain, including livestock farming, feed production, milling, and retail. The company also owns large farms for crop and livestock production, notably at its Mpongwe Farm, which is a
