Our Background
The Zambia Forestry and Forest Industries Corporation (ZAFFICO) PLC is the Country’s largest forestry Company. The Corporation was incorporated in September 1982 as a Limited Company under the then Companies Act Cap 388 of the Laws of Zambia.
Lusaka Stock Exchange Listing
On 12th February 2020, the Corporation was listed on the Lusaka Securities Exchange (LuSE) and is now operating as a Public Limited Company (PLC).
Prior to the listing, the Government of the Republic of Zambia through the Industrial Development Corporation (IDC) held 99% of the share capital with the remaining 1% held by the Secretary to the Treasury.
The Corporation’s main business focus is to establish and manage industrial exotic forest plantations and supply quality forest and agroforestry products.
In line with the Corporation’s quest to diversify in accordance with the Corporation’s strategic focus, ZAFFICO has also set up a Pole Treatment Plant to add value to Eucalyptus logs to meet the Country’s demand for treated poles such as power transmission, fencing and construction poles.
The plant, located in Kalulushi on the Copperbelt Province, has capacity of producing 140,000 of treated poles per year.
The Zambia Forestry and Forest Industries Corporation (ZAFFICO) PLC is the Country’s largest forestry Company. The Corporation was incorporated in September 1982 as a Limited Company under the then Companies Act Cap 388 of the Laws of Zambia following the commercialisation of the Industrial Plantations Division (IPD) of the Forestry Department under the Ministry of Lands and Natural Resources. Currently ZAFFICO draws its mandate from the Companies Act No. 10 of 2017 of the Laws of Zambia.