Meatco has introduced strategies to improve its performance and income by exploring new export markets for the country's meat and meat products.

The state-owned company has been swimming in debt over the last few years and has been operating mainly on bank overdrafts.

Meatco CEO, Mwilima Mushokobanji, briefed the media on the state of the corporation.

Meatco has become limping financially and has neglected the main source of its existence, i.e. the producers, to the extent that some farmers are deserting it and are setting up a new outfit that would rival Meatco.