IDC HOSTS DELEGATION FROM THE QATAR INVESTMENT AUTHORITY
Arising from President Hakainde Hichilema’s state visit to Qatar in March 2023 where he invited Qatari investors to invest in Zambia, IDC today hosted a delegation from the Qatar Investment Authority (QIA).IDC CEO Perry Mapani and Jito Kayumba, Special Assistant to the President for Finance and Investment, hosted the delegation and presented investment opportunities available […]
IDC BOARD AND SENIOR MANAGEMENT VISIT THE IDC PAVILION AT TRADE FAIR GROUNDS
As the IDC continues to showcase its investments and portfolio of companies at the 57th Zambia International Trade Fair (ZITF) in Ndola, the IDC pavilion was privileged to host a representative of the Board of Directors and Senior Management.The Board of Directors was represented by Dr. Windu Matoka, while Senior Management was represented by the […]
IDC CEO CONFERS WITH CHINESE AMBASSADOR TO ZAMBIA
On Thursday 15th June 2023, Industrial Development Corporation (IDC) CEO Mr. Perry Mapani paid a courtesy call on Chinese Ambassador to Zambia Du Xiaohui at the Embassy of the People’s Republic of China in Lusaka. Mr. Mapani and Ambassador Du exchanged views on matters of mutual importance between Zambia and China. The Chinese Ambassador re-affirmed […]
LS-MFEZ TURNAROUND BEARS MORE FRUITS FOR IDC
The Lusaka South Multi-Facility Economic Zone (LS-MFEZ) has continued to stay the course of profitability, declaring a second consecutive dividend of K2 million to the Industrial Development Corporation (IDC) for the 2022 financial year. LS-MFEZ Board Chairman Mr Gomeli Litana handed over the dividend cheque to IDC Chief Financial Officer Mrs Chearyp Sokoni earlier today, […]
RENEWABLE ENERGY A GAME CHANGER FOR ZAMBIA
Having grappled with severe power crises over the last decade, Zambia is now beginning to make giant strides in attracting investments in renewable energies to scale down the country’s dependence on hydro-generated energy. Zambia’s energy challenges have been compounded by the fact that around 97% of electricity has historically been hydro generated. But with poor […]
IDC DONATES PPE’s TO SURGICAL SOCIETY OF ZAMBIA
The Industrial Development Corporation (IDC) has commended frontline health workers for repeatedly making sacrifices by working around the clock to contain the COVID-19 pandemic. Speaking during a Ministry of Health COVID-19 press briefing, IDC Chief Corporate Services Officer, Mrs Pamela Musepa said Frontline staff and other medical personnel around the country face the imminent danger […]
MARCOPOLO TILES HANDS OVER POLICE POST AND VEHICLES
Marcopolo Tiles Company has handed over a newly constructed Police Post and three Toyota Land Cruiser vehicles all valued at K3 million to the Zambia Police Service. The Police Post will help maintain law and order in the surrounding Malcom Compound in Lusaka West, which has had no police services since it was established over […]
IDC COMMENDS MARCOPOLO TILES COMPANY LTD FOR COMPLETING $15MILLION EXPANSION PROJECT.
The Industrial Development Corporation (IDC) has commended Marcopolo Tiles Company Limited (MTCL) on the completion of Phase IV of the Company’s’ expansion project, at a cost of $15million, which will make it the first Zambian manufacturer of sanitary ware. “We at the IDC are proud to be associated with the growth of a Zambian manufacturing […]
“CREATE BUSINESS OPPORTUNITIES FOR EACH OTHER,” FINANCE MINISTER IMPLORES IDC GROUP
Finance Minister Dr Bwalya Ng’andu has implored companies under the Industrial Development Corporation (IDC) to explore synergies and do business amongst themselves and keep wealth within. Dr Ng’andu said, with the combined balance sheet value around K100 billion and Group revenue exceeding K15.6 billion annually, the IDC represents immense financial strength to exert a formidable […]
PARLIAMENT COMMENDS IDC
The Parliamentary Committee on Parastatal Bodies says it is impressed with the improvement in the operations of State-owned Enterprises (SOEs) since they were placed under the supervision of the Industrial Development Corporation (IDC) five years ago. Committee Chairperson Hon. Peter Daka says the Committee continues to look to the IDC as a beacon of hope […]