We are delighted to have signed a new Collective Agreement with the Zambia Sugar Industry and Allied Workers Union (ZUSIAW), the National Union of Plantation and Agricultural Workers (NUPAAW), and the Agriculture Technical and Professional Staff Union of Zambia (ATPTU) to improve conditions of service.

The Agreement, effective April 1, 2025, to March 31, 2027, includes a 12% wage increase and upward adjustments to employee allowances.

The signing ceremony, held at our Nakambala Estate in Mazabuka, was attended by our Managing Director, Mr. Oswald Magwenzi; Chairperson of the Bargaining Unit, Mr. Sitali Muyunda from the Zambia Federation of Employees; Mazabuka District Labour Officer, Mrs. Taziona Simunika; members of the Nakambala Leadership Team (NLT), union officials and other esteemed invited guests.

This year’s negotiations focused on balancing business sustainability amidst current economic challenges, prioritising employee welfare, and ensuring the long-term viability of the company.

Speaking during the signing ceremony, Mr. Magwenzi said: “We are pleased with the outcome of these negotiations, which reflect our continued commitment to both the workforce and the sustainability of Zambia Sugar.”

“This Agreement represents a shared commitment to our future success, demonstrating that when we work together, we can achieve a balanced approach that benefits both our employees and the company, as a whole. It’s a reflection of the strong partnership between Zambia Sugar and its workers, which will drive us towards greater accomplishments in the coming years.”

Mr. Magwenzi further emphasised the invaluable contribution of the employees, adding: “We recognise the contribution of our employees, whose hard work and dedication are at the heart of our success. We believe that this Agreement will not only improve the livelihoods of our workers, but also strengthen the foundation for Zambia Sugar’s continued growth and competitiveness in the global market.”

Representatives from ZUSIAW, NUPAAW, and ATPTU expressed satisfaction with the terms of the new Agreement, hailing it as a significant step towards enhancing the well-being of workers within the sugar industry.

The Agreement represents a significant step in strengthening the relationship between Zambia Sugar and its employees, while addressing the company’s future needs.

The post Zambia Sugar Plc signs Agreement with ZUSIAW, 2 others, to improve conditions of service first appeared on Zambia Sugar | A Member of ABF Sugar.

SHAREHOLDERS of Zambia Sugar Plc will receive a collective dividend worth K76 million following the increased revenue from K3.3 billion in 2020 to K4.9 billion this year. And immediate, past country managing director Rebecca Katowa attributed the impressive financial performance to the maximum utilisation of the domestic market due to restricted imports amid coronavirus. According to 2021 financial results released yesterday at the investors’ day, operating profit rose to K1.6 billion from K775 million last year. It stated that profit after tax for the year under review also increased from K235 million to K1.086 billion while earnings per share for the Lusaka Securities Exchange (LuSE) also rose from K0.74 to K3.43, with dividends further increasing to K0.84 from K0.24 last year. “The directors have recommended that a dividend of K0.84 (84 ngwee) share be paid for the financial year ending August 31, 2021. Dividends worth K75.9 million will be paid for the period under review (K25.3 million was for 2020) and therefore the dividend per share, calculated on a cash basis, is K0.24 (24 ngwee) per share while last year it was K0.08 [8 ngwee],” it stated

in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable.

Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

The post Zambia Sugar shareholders to receive K76m first appeared on Zambia Sugar | A Member of ABF Sugar.

THE Zambia Police Service Intellectual Property Unit has seized good valued at items is K126, 893.60 from different points in Lusaka believed to have been used in packing smuggled sugar into Zambia sugar PLC empty packages

in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable.

Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

The post Fake and unsafe Sugar floods the market, Police say first appeared on Zambia Sugar | A Member of ABF Sugar.