History And Milestones

Record domestic sugar sales of 276,000 tonnes.

Domestic sugar sales hit 263,000 tonnes. After 24 years of service, Rebecca Katowa retires as Zambia sugar Managing Director. Rebecca is succeeded by Oswald Mangwenzi former Ubombo sugar Managing Director.

Zambia sugar Plc increases Free float to 25% thereby reducing illovo’s shareholding from 89.71% to 75%. ABF acquires a 1005 Shareholding in illovo Sugar Africa .

First woman Managing Director, Rebecca Katowa,appointed to head the biggest single mill producer in Africa .\An expansion of sugar refining capacity takes place with the launch of the product Alignment and Refinery project (PAAR).

Zambia sugar Plc undergoes the biggest expansion since its inception, increasing its sugar production capacity from 200,000 tonnes to 445 000 tonnes anually. This expansion of both agriculture ad milling capacity is commissioned in 2009. it is the largest single investment outside the Mining sector in Zambia.

illlovo acquires a 50.9% share in zambia sugar Plc, and later increases it to 89.71%.

Zambia sugar Plc is listed on the Lusaka securities Exchange, Lusaka stock Exchange (LuSE).

The Company is privatised – Tate & Lyle (50.9%),CDC (31%) & GRZ-ZPT (18.1%).

Zambia sugar and the Commonwealth Development Corporation (CDC) establish an out growers’ scheme- the kaleya Small Holders Company Limited (KASCOL).

Raw sugar is produced at Nakambala and refined at Ndola Refinery.