Top Zambian Fertilizer Firm Lists a Bond on BSE

The listing signifies a notable step in the Zambian-based company’s journey towards sustained growth and strategic expansion. It is expected to underscore the growing collaboration between the two nations of Zambia and Botswana as well as its industries.

The decision to list the bond on the BSE is a strategic move rooted in the company’s belief in the potential for mutual growth and prosperity, with Botswana as a stable economy with its vibrant financial markets providing a fertile ground for those ambitions, said Chance Kabaghe, the Chairman of United Capital Fertilizer.

“This listing is a commitment to creating enduring partnerships with the local industry players, sharing knowledge, and contributing to the economic development of this nation,” he said.

Emphasising that the journey involves growth, innovation, and responsibility, Kabaghe noted that the company’s mission is to be acknowledged as the leading producer and supplier of high-quality yet affordable fertilizer products in Southern Africa.

“Our commitment to this mission goes beyond business; it is a pledge to support farmers, enhance crop yield, and contribute to food security in the region,” he elaborated.

Kabaghe further expressed excitement about the impact the bond program would have on the economies of SADC countries, including Botswana, which are the primary markets for its products.

“This listing is an invitation for investors to join us on this journey, to participate in the success story of United Capital Fertilizer, and, by extension, to contribute to the economic prosperity of the entire region,” he said.

Also speaking at the listing unveiling, the Minister of Entrepreneurship, Karabo Gare said United Capital Fertilizer’s presence in Botswana is both an investment in the country’s economy as well as a testament to the global significance of its agricultural landscape.

“In an era where international collaboration is more vital than ever, partnerships like the one we are witnessing today exemplify the interconnectedness of economies and the shared responsibility we have towards sustainable development,” he stated.

Gare further appreciated the foresight demonstrated by United Capital Fertilizer in choosing Botswana as a hub for its financial activities.

“Agriculture, being the backbone of our nation, stands to benefit immensely from the expertise and innovation that United Capital Fertilizer brings to the table,” he highlighted.

UCF, located in Chilanga District, Zambia, is a vertically integrated fertilizer enterprise manufacturing urea, compound fertilizer, synthetic liquid ammonia and other blended fertilizers primarily for the Zambia agriculture sector and exporting into the Southern African region.