Company: Zambia Sugar
Country: Zambia
Sector: Agricultural Commodities
CEO: Oswald Magwenzi (CEO since 2021, succeeding Rebecca Katowa)
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Nakambala Sugar Estates, Mazabuka, Southern Province, Zambia
Founded: 1964 (Nakambala Sugar Estate established by Tate & Lyle Limited)
Valuation/Revenue: $417.2m market value (African Business Top 250, 2025); FY2021 revenue of a record ZMW 4.989bn, up from ZMW 3.335bn the prior year
Zambia Sugar Plc is the largest sugar manufacturer in Zambia, producing crystalline sugar from cane grown at its Nakambala Sugar Estates near Mazabuka, with annual output regularly exceeding 300,000 tonnes. Majority-owned by Illovo Group Holdings, the company is listed on the Lusaka Stock Exchange and is one of Zambia’s most significant agribusiness employers and exporters.
What Does Zambia Sugar Do?
Zambia Sugar grows sugarcane and processes it into crystalline sugar at its Nakambala Sugar Estates, roughly 141 kilometres southwest of Lusaka in Zambia’s Southern Province. Production reached 397,032 tonnes in 2021, up from a historical baseline of over 318,000 tonnes annually, making it comfortably the country’s dominant sugar producer, supplying both the domestic Zambian market and regional/export markets.
How Old Is Zambia Sugar?
The Nakambala Sugar Estate, the operational heart of the business, was established in 1964 by British sugar group Tate & Lyle Limited, giving the company roots going back six decades.
Who Owns Zambia Sugar?
As of August 2017 disclosures, Illovo Group Holding Limited held 76.4% of Zambia Sugar’s shares, with the remainder held by institutional and individual shareholders on the Lusaka Stock Exchange. Illovo itself is Africa’s largest sugar producer and a subsidiary of British food group Associated British Foods.
Is Zambia Sugar Publicly Traded?
Yes. Zambia Sugar Plc trades on the Lusaka Stock Exchange under the ticker ZSUG, and as of April 2022 ranked as the exchange’s third most valuable listed stock, with a market capitalisation of approximately ZMW 5.59 billion at that time.
Who Is the CEO of Zambia Sugar?
Oswald Magwenzi has served as Chief Executive Officer of Zambia Sugar since 2021, succeeding previous CEO Rebecca Katowa.
How Big Is Zambia Sugar?
Zambia Sugar reported record revenue of ZMW 4.989 billion in its 2021 financial year, a significant increase from ZMW 3.335 billion the prior year. According to African Business magazine’s Top 250 Companies in Africa (2025), the company had a market value of approximately $417.2 million, ranking 280th among Africa’s largest companies.
Where Is Zambia Sugar Headquartered?
The company’s operations are centred at Nakambala Sugar Estates near Mazabuka, in Zambia’s Southern Province, roughly 141 kilometres from the capital, Lusaka.
How Does Zambia Sugar Compare to Its Competitors?
As Zambia’s dominant sugar producer, Zambia Sugar has limited large-scale domestic competition, though it operates within a broader regional sugar market that includes major Southern and East African producers such as its own parent group Illovo’s operations in South Africa, Malawi, Mozambique, Eswatini and Tanzania, as well as competing imports and regional trade dynamics under COMESA and SADC trade frameworks.
How Do I Contact or Apply for a Job at Zambia Sugar?
No independently verified official website URL, careers page, LinkedIn company page or public contact email could be confirmed through live research in this session; job seekers should search “Zambia Sugar Plc” or its parent “Illovo Sugar” directly on LinkedIn and Zambian job boards.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Q: Who owns Zambia Sugar?
A: Illovo Group Holding Limited holds a majority stake (76.4% as of 2017 disclosures); Illovo is a subsidiary of Associated British Foods.
Q: Who is the CEO of Zambia Sugar?
A: Oswald Magwenzi, CEO since 2021.
Q: Is Zambia Sugar publicly traded?
A: Yes, on the Lusaka Stock Exchange under ticker ZSUG.
Q: How old is Zambia Sugar?
A: Its Nakambala Estate operations date to 1964.
Q: How big is Zambia Sugar?
A: African Business magazine’s Top 250 (2025) valued it at approximately $417.2 million; FY2021 revenue was a record ZMW 4.989 billion.
Q: Where is Zambia Sugar based?
A: Nakambala Sugar Estates, near Mazabuka, Zambia.