The Industrial Development Corporation (IDC) Limited is a State-Owned Enterprise (SOE) charged with the mandate to spearhead the Zambian Government's commercial investments agenda aimed at strengthening Zambia's industrial base and job creation.
The IDC was incorporated in January 2014 and is wholly owned by the Government through the Minister of Finance pursuant to the Minister of Finance (Incorporation) Act Cap 349 of the Laws of Zambia.
The IDC was established to create and maximise long-term shareholder value as an active investor and shareholder of successful state-owned enterprises, as well as undertake industrialisation and rural development activities through the creation of new industries.
The IDC's corporate strategy of 2017 outlines the company's strategic focus during the next five years. It also outlines the role the IDC will play in the industrialisation agenda for the country. Using this plan, the IDC will position itself to be Government's principal special purpose vehicle for industrialisation and investment acceleration.
Industrialisation is indispensable for countries to achieve sustainable economic growth that is socially-inclusive and environmentally sound.
It is, therefore, an inevitable solution to bring about the much-needed structural economic transformation.
Industrialisation-induced structural economic transformation will enable our countries to diversify their economies, raise productivity, create better jobs and increase their competitiveness in the global market.
His Excellency President Edgar Chagwa Lungu, address during a United Nations General Assembly high-level event on the operationalisation of the 2030 agenda for Africa's industrialisation
To become Africa's best performing sovereign holding corporation and strategic investment partner.
To maximise long-term shareholder value in State-Owned Enterprises and invest in key economic sectors to contribute to industrialisation and sustainable economic growth.
To transform State-Owned Enterprises towards commercial viability, contribute to industrialisation and job creation.
The IDC will hold the following key values:
- Professionalism: We will uphold the highest standards of professionalism in the conduct of our business and expect the same of those we do business with.
- Transparency: All our investments and business undertakings will be consistent with the tenets of accountability in the use of public funds.
- Integrity: In everything we do we shall be honest with ourselves, our shareholders and our stakeholders.
- Distinction: We are committed to continuous learning, improvement and delivering excellent results.
- Partnerships: The foundation of our approach to business and investment is to mutually benefit from our complementary strengths with our partners and teamwork.