About Us
About IDC
IDC is committed to driving Zambia’s economic transformation through strategic investments and fostering sustainable development.
Introduction
Industrial Development Corporation Limited
Incorporated in January 2014, the Industrial Development Corporation Limited (IDC) is a State-Owned Enterprise (SOE) owned by the Minister of Finance in accordance with the Minister of Finance (Incorporation) Act Cap 349 of the Laws of Zambia. IDC was established to create and maximise long-term shareholder value as an active investor and shareholder of successful enterprises, and actively invest in key sectors of the economy to drive industrialisation and job creation.
Create and maximise long-term shareholder value as an active investor and shareholder of successful enterprises.
Actively invest in key sectors of the economy to drive industrialisation and job creation.
Strategic Overview
2024-2035 Strategic Targets
Wealth Fund
- 20%
- Revenue growth YoY
- USD 200mm
- Annual Forex earnings
- 73%
- Contribution of Non-dividend revenue
Projects and jobs
Subsidiary corrective interventions
Internal control audit citations and staff retention
- Dividends27%
- Royalties26%
- Mineral License22%
- Offsets18%
- Forex surpluses7%
Strategic Direction
Corporate Ethos
To be Africa’s best-performing Wealth Fund and Investment Partner of choice.
To secure, manage and diversify Zambia’s wealth for current and future generations by making strategic investments that drive sustainable economic development.
As of 31st December 2023
IDC Portfolio
About Us