Zambian Breweries

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Zambian Breweries Plc
Company typeListed
LuSE: ZABR
IndustryAlcoholic 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
  • Increase ZMW 3,068,959,000
  • (2021)
  • ZMW 2,305,425,000
  • (2020)
[1]
  • Increase ZMW 147,952,000
  • (2021)
  • ZMW 5,939,000
  • (2020)
[1]
Total assets
  • Increase ZMW 3,578,033,000
  • (2021)
  • ZMW 3,232,039,000
  • (2020)
[1]
Total equity
  • Increase ZMW 1,139,004,000
  • (2021)
  • ZMW 991,052,000
  • (2020)
[1]
OwnerAnheuser-Busch InBev (ABInBev)
Number of employees
940 (2019)
ParentABInBev

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.

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[edit]

  • 1963 – Started as Northern Breweries Limited, a private company formed by South African Breweries (SAB-80%) and Labatt Breweries of Canada (20%). Started brewing from plants in Ndola and Lusaka.
  • 1968 – Nationalised by the government[2] and split into Zambian Breweries (Lusaka) and Northern Breweries (Ndola). Renamed Zambian Breweries Limited.[2]
  • 1994 – Privatisation began.
  • 1997 – Listed on the Lusaka Stock Exchange[3]
  • 1999 – Acquires Northern Breweries (Ndola) and the brand Rhino Lager.
  • 2002 – Acquires the Coca-Cola franchise for Zambia, with bottling plants in Kitwe and Lusaka.[2]
  • 2016 - In December, after acquiring SABMiller, ABInBev agrees to sell African Coca-Cola bottling operations to Coca-Cola for an undisclosed sum. This includes the Zambia operation owned by Zambrew.[4]
  • 2022 - In July, Zambia Breweries announced an US$ 80.0 million expansion of its Lusaka plant that is expected to generate 5,000 direct jobs when complete in 18 months.[4][5]

Brands[edit]

  • Mosi Lager,
  • Eagle Lager,
  • Eagle Maize Lager,
  • Castle Lager,
  • Castle Lite,
  • Carling Black Label,
  • Flying Fish,
  • Stella Artois,
  • Budweiser


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

Finance[edit]

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[edit]

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]

References[edit]

  1. ^ a b c d "Zambrew Abridged Results 31-Dec-21" (PDF). LuSE. 7 March 2021. Retrieved 16 April 2022.
  2. ^ a b c d "Zambian Breweries - AGE (African Growing Enterprises) File - Institute of Developing Economies". Ide.go.jp. Retrieved 2018-03-21.
  3. ^ Issuers and sectors
  4. ^ a b "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. ^ a b c 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".

External links[edit]

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