IDC Shortlists 5 Pre–Qualified Candidates for Strategic Equity Partner

The Industrial Development Corporation (IDC) has today announced that five companies out of the seven that submitted applications for pre-qualification have been shortlisted for the next stage of selecting a strategic equity partner in Indeni Petroleum Refinery Company Limited. The five companies who will be invited to submit Request For Proposals (RFP) are:





Invitation To Pre-Qualify For The Development Of Vvip/Upmarket Villas And Apartments On Mulungushi Village Complex Limited

Mulungushi Village Complex Limited is a real estate company offering long and short-term accommodation. The company was established in 1970 with an initial purpose of providing lodging for the Non-Aligned Heads of States Conference held in September 1970. It has 89 villas, 16 apartments, a restaurant with a lounge and bar, 7 hotel rooms, tennis courts, squash courts, swimming pool and a conference room. The village complex covers an area of approximately 43.4519 hectares.


We regret to inform all prospective bidders and the general public that the submission deadline for the above mentioned tender has been postponed to Friday 16th March 2018 at 15:00 hours Zambian time.

The postponement was due to the declaration by Government of Friday 9th March 2018 as a public holiday. The Zambian laws prohibit opening of tenders on public holidays.

Any inconvenience caused is deeply regretted. For inquiries please contact the following:

IDC courts 12 Pre-Qualified Bidders under Round 2 of Scaling Solar Project

In 2015, the Industrial Development Corporation (IDC) was directed to target the immediate procurement of up to 600MW of solar energy power in view of the  energy crisis Zambia was experiencing. Under the World Bank Group's Scaling Solar initiative, IDC engaged the International Finance Corporation (IFC) as Transaction Advisors for the rapid development of grid-connected utility-scale solar projects. Round 1 saw IDC secure two Developers to develop 100MW with the outstanding 500MW to be dealt with in subsequent Rounds. 

IDC and Ursus exhibit at the 4th annual AgriTech Expo

President Lungu visits the IDC-Ursus exhibition stand the 4th AgriTech Expo


The Industrial Development Corporation (IDC) and its partner in the tractor and agricultural equipment assembly plant, Ursus of Poland, exhibited at the 4th annual AgriTech Expo held in Chisamba, Central Province from 27-29 April 2017. 

Enel signs 25-year PPA with Zambian national utility ZESCO

Rome and Lusaka – Enel, acting through its Renewable Energies Division Enel Green Power (“EGP”), has signed a 25-year power purchase agreement with Zambia’s state-owned utility ZESCO for the 34 MW Ngonye[1] PV solar project won in June following the first round tender of the Scaling Solar programme, which was launched by state-owned investment holding company Industrial Development Corporation Limited (“IDC”).

IDC and Ursus to Develop a K1 billion Tractor and Agricultural Equipment Assembly Plant


Lusaka – The Industrial Development Corporation (IDC) and Ursus S.A., a Polish company, have signed a K1billion (US$100 million) contract through a Government-to-Government agreement to construct a tractor and agricultural equipment assembly plant in the Lusaka South Multi-Facility Economic Zone.

The contract involves the delivery of 2,694 units of tractors and 2,509 units of agriculture machinery with implements and spare parts.

IDC to Restructure and Recapitalize ZSIC General Insurance and ZSIC Life

The Industrial Development Corporation (IDC) Limited on 16th March 2017 announced that it would restructure and recapitalize ZSIC General Insurance Ltd and ZSIC Life Ltd. The announcement was made during the 45th Annual General Meeting of ZSIC Holdings Limited. 

During the AGM, the IDC also announced that the shares in ZSIC General Insurance Ltd and ZSIC Life Ltd would be transferred from the current holding company, ZSIC Holdings Limited to the IDC, which would now directly hold the shares in the two insurance companies.