Zambeef Products PLC - Zambia-focused cold chain foods and retail business - Promotes M'boo Mumba to chief financial officer, effective from December 1. Says Mumba follows the promotion of Faith Mukutu to chief executive officer on July 1 this year, who succeeded Walter Roodt.

Mumba joined the company in May 2020 as project manager before he took up the role of group head of Treasury & Administration. "He has brought to the company skills which combine industry, financial and banking experience of more than 16 years", Zambeef notes.

Prior to this, Mumba worked as CFO for Wild Life Conservation Society, a non-governmental organisation based at the Bronx Zoo in New York city.

Current stock price: 8.44 pence on Tuesday in London

12-month change: up 8.9%

By Xindi Wei; xindiwei@alliancenews.com

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