KAGEM DECLARES USD1.5 MILLION DIVIDEND TO IDC AFTER SIX YEAR GAP
Industrial Development Corporation (IDC) has congratulated Kagem Mining Limited for declaring its first dividend since 2016. Speaking during the handover ceremony where Kagem handed over a USD1.5 million cheque to the IDC, IDC Acting Group CEO Mr. Henry Sakala said the declaration of the dividend demonstrated the hard work and dedication that was put into […]
INDO ZAMBIA BANK INCREASES DIVIDENDS TO SHAREHOLDERS
Indo Zambia Bank Limited has increased the dividend payment to shareholders for the 2021 Financial Year to K80 million from K75 million the previous year. Following the Bank’s 37th Annual General Meeting held in Lusaka today, Board Chairman Dr Michael Gondwe reported a 7% increase in dividends, a 33% increase in profits, a 27% increase […]
IDC ACTING GROUP CEO MOURNS RB
This afternoon IDC Acting Group CEO Mr Henry Sakala and senior management conveyed condolences to the family of the late Fourth President of the Republic of Zambia, His Excellency Mr Rupiah Banda. MHSRIP
KAWAMBWA, READY TO SERVE TEA!
IDC’S Kawambwa Tea set to hit Zambian Supermarket shelves soon Then…. and now. In 2020, the IDC embarked on another ambitious project of constructing a new and morden tea processing factory to support value addition by processing and packaging high value tea for local and export markets. Plant and equipment installation has since been completed, […]
NEW IDC BOARD OF DIRECTORS APPOINTED
A new Board of Directors for the Industrial Development Corporation (IDC) has been appointed with immediate effect. The new Directors are: Hon. Dr. Situmbeko Musokotwane, MP., Minister of Finance and National Planning Hon. Mr. Reuben R. Mtolo Phiri MP., Minister of Agriculture Hon. Mr. Chipoka Mulenga, MP., Minister of Commerce, Trade and Industry Mr. Felix […]
VALUE ADDITION. VALUE ADDITION.
IDC’s Kalene Hills Fruit Company set to add value to pineapples in N/Western Province Then…. and now. In 2020, the IDC embarked on an ambitious project to set up a fruit processing plant in Mwinilunga. The project speaks to one of the key mandates of the IDC, which is to add value to natural resources. […]