NCZ BEATS TIMELINES TO COMMENCE FERTLIZER DISTRUTION FOR 2023/24 SEASON
In record adherence to timelines, Nitrogen Chemicals of Zambia (NCZ) has commenced the distribution of the 43,292.7 metric tonnes of fertilizer, which the company was contracted to supply under the Comprehensive Agriculture Support Programme (CASP) for the 2023/24 crop season. Agriculture minister Hon. Reuben Mtolo Phiri flagged off the fertilizer distribution exercise at a ceremony in […]
IDC CEO TOURS ZAMBIA -CHINA MULUNGUSHI TEXTILES JOINT VENTURE LTD IN KABWE
Industrial Development Corporation (IDC) Chief Executive Officer Mr Perry Mapani this afternoon visited Zambia-China Mulungushi Textiles Joint Venture Limited in Kabwe to appreciate the operational background of the company and to assess its current status. During the tour of the facility, Mr Mapani said he decided to visit the company to familiarize himself with the textile […]
IDC CEO CHECKS ON PROGRESS OF FIGTREE FRUIT PROCESSING PLANT CONSTRUCTION
ndustrial Development Corporation (IDC) CEO Mr Perry Mapani has visited the construction site of the Figtree Fruit Processing Factory, a greenfield project of the Industrial Development Corporation (IDC). The aim of his tour was to familiarize himself with the progress of the construction of the factory, which is located in Chisamba. Once completed, the factory will […]
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 […]
Marcopolo Tiles Company Ltd Declares K72 Million Dividend to Shareholders
Marcopolo Tiles Company Limited has today declared its first dividend worth K72 million to its shareholders. Speaking when he received the dividend cheque on behalf of other shareholders, IDC Group Chief Executive Officer Mr. Mateyo Kaluba hailed Marcopolo Tiles for delivering a strong performance in the financial year 2020, despite difficult times arising from the […]
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 […]
PARASTATAL PERFORMANCE BETTER UNDER IDC, SAYS HON DAKA
Chairperson of the Parliamentary Committee on Parastatal Bodies, Hon Peter Daka, has reiterated the need for companies in the Industrial Development Corporation (IDC) to continue the transformation journey towards sustainable profitability. Hon Daka, who is also Msanzala Constituency Member of Parliament, said there was marked improvement in the performance of parastatal bodies since they were […]
Senior Chief Kanongesha Pledges to Support IDC’s Fruit Processing Project
Senior Chief Kanongesha of Mwinilunga says he is happy that the IDC was implementing a project that would change the face of the district through the creation of jobs in the area and the entire North-Western Province. He said the Kanongesha Royal Establishment fully supports the project and was committed to ensuring it is a […]
President Lungu urges IDC to accelerate solar power projects
President Edgar Lungu has directed the Industrial Development Corporation (IDC) to accelerate all other solar projects which are in the pipeline. Speaking on Monday when he officially commissioned the 54 megawatts solar photovoltaic plant for the Bangweulu Power Company Limited in the Lusaka South Multi Facility Economic Zone, President Lungu said he was looking forward […]