EXPLORING PARTNERSHIPS WITH CHINESE FIRMS
IDC CEO Mr. Cornwell Muleya recently concluded a strategic visit to China where he toured Fujian Xiangxin Company Limited, an engineering giant eyeing investment opportunities in Zambia.Fujian Xiangxin was among 22 Chinese firms that attended the China-Zambia Forum in Lusaka in December 2024, exploring partnerships to boost Zambia’s industrial growth.During the visit, Mr. Muleya and […]
IDC ENDORSES ZRA’S SMART INVOICING
The Industrial Development Corporation (IDC) has praised the introduction of Smart Invoicing, stating that it has the potential to enhance Value Added Tax (VAT) revenue collection by improving compliance and reducing tax evasion.IDC Acting CEO, Mrs. Leya Mtonga-Ngoma, made these remarks earlier today while appearing before the Parliamentary Committee on Planning and Budgeting, chaired by […]
IDC GRADUATE TRAINEE PROGRAMME A COMMITMENT TOWARDS HUMAN CAPITAL DEVELOPMENT IN ZAMBIA
The Industrial Development Corporation (IDC) says the Graduate Trainee Programme is a cornerstone of the Corporation’s vision to build capacity, foster leadership, and equip young professionals with skills that drive the country’s industrialization and a commitment towards human capital development in Zambia.Speaking in an interview at Mulungushi Internation Conference Centre in Lusaka where IDC has […]
IDC STRIKES DEAL TO DEVELOP 67MWp SOLAR POWER PLANT IN CHISAMBA
At the ongoing Investing in African Mining Indaba in Cape Town, South Africa, the Industrial Development Corporation (IDC) has signed a Heads of Terms agreement with Solarcentury Africa Limited to develop a 67MWp solar power plant in Chisamba to mitigating the ongoing power shortages.This Project is designed to provide power primarily to IDC’s large industrial […]
IDC SUBSIDIARY INDUSTRIAL RESOURCES LIMITED STRIKES MINING PARTNERSHIP WITH BARRICK GOLD CORPORATION
Industrial Resources Limited (IRL), a subsidiary of the Industrial Development Corporation (IDC) has signed a Memorandum of Understanding (MoU) with Barrick Gold Corporation to establish a strategic partnership aimed at contributing to the country’s ambitious mining sector growth targets.This partnership supports Zambia’s goal of sustainable economic growth by utilizing its mineral resources while ensuring local […]
IDC CALLS FOR URGENT RAILWAY SECTOR REFORMS
Industrial Development Corporation (IDC) CEO Mr. Cornwell Muleya has called for an urgent overhaul of Zambia’s railway sector to enhance economic development.He made this appeal while addressing the Parliamentary Committee on Transport, Works, and Supply during a session chaired by Roan Member of Parliament, Hon. Joel Chibuye, on behalf of substantive Chair, Hon. Mubika Mubika, […]
IDC AND ZACCI PARTNER TO FORMALIZE 300,000 SMALL BUSINESSES
The Industrial Development Corporation (IDC) has signed a Memorandum of Understanding (MoU) with the Zambia Chamber of Commerce and Industry (ZACCI) to actualize the transition of 300,000 Micro and Small Enterprises (MSEs) into the formal sector within the next five years.IDC CEO Mr. Cornwell Muleya and ZACCI President Mr. Anthony Kabaghe signed the landmark agreement, […]
IDC CEO INVITES GLOBAL INVESTORS TO ZAMBIA AT FUTURE MINERALS FORUM 2025
IDC CEO Mr. Cornwell Muleya has extended an open invitation to global investors, emphasizing the vast opportunities in Zambia’s diverse economic sectors, at the prestigious Future Minerals Forum 2025.Speaking to a global audience during a panel discussion “Country Showcase – Zambia” in Riyadh, Saudi Arabia, Mr Muleya pledged Zambia’s commitment to promoting an investor-friendly environment […]
HOME OF HOPE A SANCTUARY FOR CHILDREN WHOSE JOURNEYS HAVE BEEN MARKED BY CHALLENGES FAR BEYOND THEIR AGE
The Industrial Development Corporation (IDC) says Home of Hope is a place for children whose journeys have been marked by challenges far beyond their age as well as a place where young lives are given the opportunity to rebuild and dream again.Speaking during the hand over of an assortment of items at the facility on […]
IDC PARTNERS WITH MERCURIA TO LAUNCH METALS TRADING JOINT VENTURE
The Industrial Development Corporation (IDC) has partnered with Switzerland-based Mercuria Energy Trading SA, a world leading independent energy and commodity trading group, to establish a metals trading company.The joint venture involves IDC’s wholly owned subsidiary, Industrial Resources Limited (IRL), and aims to maximize Zambia’s participation in the global trading of its mineral resources.This strategic partnership […]