Patriotic Front chief propagandist Fred M’membe has acquired three huge farms on which he is expected to have ranches and enter the beef market.
The farms are spread across the country including his ‘father’s’ village in Chinsali and his childhood home where his mother resides in Mongu.
Highly placed sources have told Zambia Reports that the Post Newspapers owner has positioned himself to enter the beef industry which was the motivation to destroy the ZAMBEEF empire in order to clear the way for his interests.
M’membe, who is a peasant pork supplier, believes that he could rake a fortune from the beef industry after seeing how ZAMBEEF has grown its profile beyond the borders of Zambia.
The president’s ally, who has turned his newspaper into a PF magazine, currently runs a trucking business under The Post Courier brand and through State House was awarded a lucrative contract to transport Copper Cathodes from Chingola to Durban in South Africa and to Windhoek in Namibia.
M’membe clashed with Defence Minister Geoffrey Bwalya Mwamba when they both eyed another huge contract at Zesco to supplied poles. M’membe was unhappy the contract was to go to GBM’s family company more so he is a competitor in the shadow PF succession battle.
Meanwhile, multi national company ZAMBEEF has banned the importation of meat products as they try to shake off the vicious slanderous campaign the company has endured in the last few weeks.
Board chairman Jacob Mwanza said the company would now only stock and supply Zambian products to counter perceptions that the company used Aromatic Aldahydes in its products a chemical said to be used to preserve human bodies.
Mwanza said the company had endured a difficult period but had opted to comply with the country’s health standards.
The company ceremonially burned K1 million’s worth of meat products that were imported to signal a new era.
Mwanza said the destroyed products only marked four percent of the company’s stakes.
The post M’membe Prepares to Enter Beef Market appeared first on Zambia Reports.