2009

The company acquired a controlling interest in Nanga Farms Plc (’Nanga’) a cane growing company, located adjacent to the Nakambala Estate, and currently producing around 350,000 tonnes of sugarcane. To fund the acquisition of Nanga and meet other capital requirements, the Company made a Rights Issue in that year which..Read More

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2007

The Nakambala Expansion Project was launched. The agriculture and milling expansion was completed on schedule in April 2009 and was commissioned on 9 December 2009, as the largest single investment made in the Zambia agricultural industry to that date.  The expansion effectively doubled the cane crushing capacity of the factory,..Read More

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2001

Illovo Sugar Limited acquires the 50.9% Tate & Lyle shares, and as required raw, makes a mandatory offer to minority shareholders and thereby increases its shareholding to 89.71%. Through continuous improvement and investment,illovo raised sugar production from below 190,0000 tonnes at the time of acquisition to around 240,000 tonnes prior..Read More

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1996

Successfully listed on the Lusaka Stock Exchange as Zambia Sugar Plc. Zambians were able to successfully buy shares in the company.

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1995

Zambia Sugar privatizes and Tate & Lyle comes the major shareholder with a 50.9% stake,whilst Commonwealth Development Corporation(CDC) takes a 31% stake.

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1990

Operations consolidated at Nakambala tate, and the refinery moved to Nakambala in Ndola.

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1975

INDECO raised holding to 78% whilst Tate & Lyle Retained 10.8% shareholding and provided technical and managerial services.

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1972

ndustrial Development Corporation (INDECO) TAKES A 51%STAKE in Zambia Sugar

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