By Ellen Hambuba
Zambeef Products PLC has welcomed a decision by its major investor, British International Investment, to convert its special shares into ordinary shares.
The move allows the investor to become a regular shareholder, positioning the company to raise capital for future growth.
Zambeef Chief Executive Officer, Faith Mukutu, says the change will enable the company to expand production, strengthen its finances, and create more jobs, once shareholders approve the proposal.
The Securities and Exchange Commission has cleared the process, with shareholders expected to vote on the matter at a meeting scheduled for 11th March, 2026.
Ms. Mukutu explained that the conversion removes uncertainty around the company’s ownership structure and provides room for long-term planning.
British International Investment first invested in Zambeef in 2016, providing 65 million US dollars to support expansion.
Zambeef employs more than 7,000 people and supplies food products across Zambia, with growing export potential.
The company’s board says the move is expected to benefit workers, farmers, consumers, and investors in the long run.
