ZCCM Investments Holdings Plc (ZCCM-IH) has paid out the largest dividend in its 25-year history, with the Industrial Development Corporation (IDC), Ministry of Finance, and NAPSA among the biggest beneficiaries.
The record payout of ZMW529 million is attributed to strong performance and innovative revenue streams such as mineral royalty rights. It also reinforces ZCCM-IH’s role as a strategic driver of national wealth and signals renewed momentum in Zambia’s mining sector.
Of the total, ZMW319 million was paid out to the Industrial Development Corporation (IDC) for its 60.3% shareholding, ZMW91 million to the Ministry of Finance and National Planning for its 17.25% stake, and ZMW79.4 million to the National Pension Scheme Authority (NAPSA), which holds 15% equity. The rest went to various minority shareholders.
ZCCM-IH Board Chairman, Mr. Phesto Musonda, said the payment reflected 25 years of growth and shareholder value creation since the company’s establishment on 15 August 2000. He highlighted the diversification of income streams, including the introduction of mineral royalty rights, which have provided a steady and reliable revenue source.
Receiving the dividend, IDC CEO Mr. Cornwell Muleya said the funds would be reinvested into projects promoting industrialisation, financial inclusion, food and energy security, and wealth creation for future generations.
“Zambians must take control of their destiny by strengthening our institutions and demonstrating that we can lead, invest, and generate returns on investments held for the people,” he said.
Representing NAPSA Director General Mr. Muyangwa Muyangwa, Mr. Lekani Banda said the dividend strengthens the authority’s capacity to meet pension obligations and supports its investment strategy focused on transparency, impact, and sustainable growth.
“It’s a win for NAPSA, a win for our members, and a win for Zambia,” he said.
Guest of honour Minister of Mines and Minerals Development Hon. Paul Kabuswe attributed the strong results to an improved operating climate in the mining sector, noting Government’s target of reaching three million metric tonnes of copper production annually.
“We can tax mining companies, but we must not choke them. We want them to produce so the benefits of jobs, supplier opportunities and taxes can flow,” he said.
