IDC CEO TOURS SUBSIDIARY INFRATEL
In his continued familiarization tours of Industrial Development Corporation (IDC) subsidiaries, Chief Executive Officer Mr Perry Mapani on Tuesday toured INFRATEL Corporation Limited to appreciate the operations of the company in ensuring that its ICT services are available and accessible in Zambia and beyond. Wholly owned by IDC, INFRATEL is one of the largest telecommunication […]
PRESIDENT HICHILEMA HAILS IDC INVESTEE INDO ZAMBIA BANK
President Hakainde Hichilema has hailed the positive financial performance of Indo-Zambia Bank (IZB) over the last 39 years of its existence, attributing its success to the synergies of both Zambia and India in achieving economic growth. The bank, currently the fifth best in the country by profits, was established in October 1984 and is 40% owned […]
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, […]
INDENI POWERS BACK INTO OPERATION
After going on recess for 18 months, remodelled Indeni Energy Company has commenced oil refining operations much to the delight of the general public. Recently, Energy Minister Peter Kapala signed off the commencement of the processing of the blended feedstock by Indeni Energy Company. Mr. Kapala disclosed that Indeni, which has not been operational for […]
IDC COMMENDS ZAMBIA AIRWAYS FOR ANNOUNCING LAUNCH DATE
Lusaka, 9th August 2021 – The Industrial Development Corporation (IDC) has commended the Zambia Airways Board for announcing 30th September 2021 as the date for commercial operationalization of the National Carrier. IDC Group CEO, Mr. Mateyo Kaluba, said the operationalization of the National carrier will play a catalytic role in reviving the tourism industry which […]
Call for Expression of Interest
Call for Expression of Interest The International Council of Swedish Industry (NIR) calls for Expressions of Interest from consultancies for a capacity development support programme for Zambia Railways Limited during project preparation and implementation of the Chingola to Livingstone Rehabilitation Project for the Sustainability Impact Accelerator. Brief Description: The objective of this assignment is to […]
Zambia Airways Board Appoints CEO
Lusaka, 7thFebruary 2019 – The Board of Directors of Zambia Airways (2014) Limited held their inaugural Board meeting today, 7thFebruary 2019, where decisions relating to the commencement of the Airline were made including the appointment of Mr. Bruk Endeshaw Abebe, as the Chief Executive Officer of Zambia Airways. Mr. Abebe has 24 years’ experience in […]
Joint statement at the signing of the Shareholders Agreement between the Industrial Development Corporation and Ethiopian Airlines for the establishment of Zambia Airways
We, the Group Chief Executive Officer of the Industrial Development Corporation (IDC), Mr. Mateyo C. Kaluba, and the Group Chief Executive Officer of Ethiopian Airlines (ET), Mr. Tewolde Gebremariam, held a signing ceremony on 19th August 2018 in Lusaka to mark our agreement as Shareholders of Zambia Airways. As strategic equity partners on the national airline […]