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Re-Tender – Request for Expressions of Interest (EOI) for Conducting of a Detailed Technical Due Diligence of Wangwa Farms in Chibombo District – Lusaka


ZCCM Investments Holdings Plc. (ZCCM-IH) is an investments holding company with diversified interests in mining, energy, banking, property and other sectors of the Zambian economy. The company has a primary listing under ISIN number ZM0000000037 on the Lusaka Stock Exchange, and secondary listings on London Stock Exchange and Euronext Stock Exchange in Paris.

The Zambian Government (GRZ) directly holds 17.25% of the shares in ZCCM-IH and 60.28% indirectly through Industrial Development Corporation (IDC), an investment company wholly owned by the Zambian Government. With the remaining 22.47% being held by institutions and individuals. The geographical spread of the minority shareholders, who number around 4300, covers over 29 countries in Europe, Africa, the Caribbean, Australia, Asia and the USA.


ZCCM-IH in its strategy, has prioritized the diversification of its portfolio, which is predominantly exposed to the mining sector. ZCCM-IH has identified key focal sectors including Agriculture, which would form the key pillars of its diversification drive.

It is with this backdrop, that ZCCM-IH is assessing the prospects of investing in Wangwa Farms Limited (“Wangwa” or the “Target”), an integrated farming operation located in Chibompo District, just 70 km north of Lusaka along the Great North Road. Wangwa’s operations include row cropping, livestock rearing – beef and pork, milling and grain storage.

The Target is a privately owned agriculture business firm. It operates an integrated farming system growing soya beans, maize and wheat as well as beef and pork enterprises. The farm also has grain storage and milling facilities. It is also self-sufficient in stock feed supply as it produces its own feed using its own milling plant.

It is from this background that the Company now requires to engage the services of an independent, competent and experienced Consultancy Firm to carry out a detailed Technical Due Diligence on the Target’s entire business. Eligible firms must be specialized in Agribusiness formations, valuation, strategy and closures. As such Audit Firms, Legal firms, Agribusiness Consultancy firms and firms specialized in formation, evaluation and closure of businesses are therefore encouraged to respond for this purpose.

ZCCM-IH now invites eligible Agribusiness Consultants to indicate their interest in providing the above services. Interested firms must provide information to demonstrate that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions etc.).

Interested consultants may obtain further information at the address below during office hours between 08:00 – 13:00 hours and between 14:00 – 17:00 hours local time from Monday to Friday.

A consultant will be selected using Quality and Cost Based Selection (QCBS) method. Interested consultants must submit one (01) original and three (03) hard copies of the Expression of Interest to the address below not later than Friday, 5th January 2018.

Procurement Manager
ZCCM Investments Holdings Plc
ZCCM-IH Office Park
Stand No. 16806, Alick Nkhata Road
Mass Media Complex Area
P.O. Box 30048

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