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 […]
IDC INJECTS K684 MILLION INTO NCZ TO BOOST ITS PERFORMANCE
IDC INJECTS K684 MILLION INTO NCZ TO BOOST ITS PERFORMANCE The Industrial Development Corporation (IDC) has given its subsidiary Nitrogen Chemicals of Zambia (NCZ) working capital of K684 million to help the company boost its production capacity. IDC Group CEO Mr Mateyo Kaluba said of the total amount, K638 million was working capital support for […]
Mpulungu Harbour Corporation Limited Declares K2.4million Dividend to Shareholder – IDC
PRESS RELEASE Mpulungu Harbour Corporation Limited Declares K2.4million Dividend to Shareholder – IDC Lusaka, 22nd June 2021 – The Industrial Development Corporation has commended Mpulungu Harbour Corporation Limited (MHCL) for declaring its first dividend of K2.4 million to its shareholder the IDC. “We at the IDC are very proud of this achievement by Mpulungu Harbour […]
IDC joins Government in the fight against COVID-19
Press Release FOR IMMEDIATE RELEASE IDC DONATES TO FRONTLINE HEALTH WORKERS FIGHTING COVID-19 Lusaka, April 6, 2019 – The Industrial Development Corporation (IDC) has donated assorted Personal Protective Equipment (PPE) to help the Ministry of Health contain the Coronavirus (COVID-19). Group CEO Mr Mateyo Kaluba handed over the assortment to the Minister of Health, Dr […]
Zamtel and Zambia Railways sign an Integrated Communication Solutions MOU
Zamtel and Zambia Railways (members of the IDC Group of Companies), have today signed a Memorandum of Understanding (MOU) where Zamtel will provide Zambia Railways with an Integrated Communication Solution, which includes voice and data. Speaking at the signing ceremony, Zamtel CEO Mr. Sydney Mupeta said the digital solution will run along the line of […]
IDC Restructures Times Printpak
Press Release FOR IMMEDIATE RELEASE IDC Restructures Times Printpak Lusaka, 28thDecember 2019 – The Industrial Development Corporation (IDC) has dissolved the Times Printpak Board of Directors and made changes at management level as it commences fundamental restructuring of the company. The IDC has directed the Zambia Daily Mail Limited Board of Directors to oversee the […]
IDC COMMENDS ZAMTEL FOR CROSSING THREE MILLION SUBSCRIBER BASE.
FOR IMMEDIATE RELEASE Lusaka, 29th July 2019 – Zamtel’s shareholder, the Industrial Development Corporation (IDC) has commended the national network provider for crossing the three million subscriber base. IDC Group CEO, Mr Mateyo Kaluba said the record increase in mobile subscribers to the Zamtel network over the past two years had increased by over 175% […]
Scaling Solar
We did it! “Diversifying Zambia’s Energy Mix” FACT: First Scaling Solar project (a World Bank Group program) to be commissioned in Africa. 54 MW – first large – scale solar power plant in Zambia to be commissioned. lowest tariff in Sub Saharan Africa at 6 cents per kilowatt hour 30, 000 households to be “powered” 453, […]
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 […]
IDC Appoints Zambia Airways Board
IDC APPOINTS ZAMBIA AIRWAYS BOARD MEMBERS Lusaka, 28th December 2018 – The Industrial Development Corporation (IDC) Group Chief Executive Officer, Mr. Mateyo Kaluba, has today announced the appointment of members of the Board of Directors of Zambia Airways. The appointment of the board is with immediate effect. Those appointed include: Mr. Bonaventure Mutale S.C., – […]