Day 1 : Judging Day
Theme: Creating a Competitive Future Day 1 : Judging Day Theme: Creating a Competitive Future The day was spent explaining to different sets of judges how IDC is leading the way in “Creating a Competitive Future” for many Zambians in line with this year’s theme.
It’s Show time again!
IDC is exhibiting at this year’s Zambia Agricultural and Commercial Show. Visit our stand and interact with us as we drink Kawambwa Tea and munch on bananas from our plantation in Mwense…
ZCCM-IH HANDS OVER 9TH CONSECUTIVE DIVIDEND, AS IDC ANNOUNCES CREATION OF WEALTH FUND
ZCCM-IH has delivered its ninth consecutive dividend, handing over K146 million to the Industrial Development Corporation (IDC) for its 60.3% shareholding. This payout follows the approval of a total of K243 million in dividends to shareholders for the financial year ending December 2023.ZCCM-IH CEO Dr. Ndoba Joseph Vibetti said ZCCM-IH posted strong financial results in […]
IDC commends Zambia Daily for being innovative
IDC’s Chief Portfolio Officer, Mr Siakakaye Siameja has commended Zambia Daily Mail for the innovative initiatives it is taking to ensure the business is sustainable and relevant.Speaking after touring the newsroom, editorial, advertising, courier and printing departments of the Daily Mail, Mr Siameja said he was happy the paper is adapting to the rapidly changing […]
KAGEM DECLARES K38 MILLION DIVIDEND TO IDC
Kagem Mining Plc has declared a K38 million (about US$1.5 million) dividend to the Industrial Development Corporation (IDC) for its 25% shareholding, continuing the trend of dividends paid in previous years. The announcement was made following the company’s Annual General Meeting at Pamodzi Hotel, where Kagem Board Chairperson Dr. Sixtus Mulenga handed over the cheque […]
It’s the 58th Zambia International Trade Fair
IDC is once again exhibiting at this prestigious Fair which will run from 26th June to 2nd July.Visit our stand and see how IDC is unlocking economic potential through collaborations and partnerships in the five priority sectors of Agriculture, Manufacturing, Energy, Mining and Tourism.You will also have a one on one conversation with subsidiaries that […]
ZANACO HANDS OVER HEFTY DIVIDEND CHEQUE
Zanaco Plc, the leading bank in Zambia, has handed over a dividend cheque of over K131.6 million to the Industrial Development Corporation (IDC), which holds a 24.8% stake in the bank. The cheque was presented to Finance Minister Dr. Situmbeko Musokotwane, IDC’s sole shareholder, with IDC Chief Financial Officer Mr. Raphael Chipoma in attendance. This […]
IDC PARTICIPATES AT CHINA-ZAMBIA HIGH-QUALITY DEVELOPMENT FORUM
This week, IDC is part of the over 200 Zambian and Chinese companies participating at the China-Zambia High Quality Development Forum. The Forum, which is aimed at promoting practical cooperation and achieving high-quality development between China and Zambia, runs from May 15-17 at the Mulungushi International Conference Centre.The event has been organized by the Alliance […]
IDC Engages with IMF to Discuss Strategic Reforms in State-Owned Enterprises
On Wednesday 24th April, IDC CEO Mr. Cornwell Muleya held a meeting with the International Monetary Fund (IMF) Mission Chief for Zambia, Mercedes Vera Martin, and the IMF Resident Representative, Eric Lautier to discuss IDC’s current initiatives and strategic plans aimed at overcoming the operational challenges faced by the various State-Owned Enterprises (SOEs) under its […]
ZANACO MAINTAINS TOP POSITION WITH RECORD-BREAKING RESULTS
For the third consecutive year, Zanaco has maintained its position as the top performing bank in Zambia, announcing stellar results for the 2023 financial year that saw it post market-leading Profit After Tax, with shareholders declaring the bank’s highest ever dividend in its 55-year history.Zanaco Interim Board Chairperson Mrs. Regina Mulenga announced after the bank’s […]