IDC CEO VISITS SELECTED SUBSIDIARIES AT THE TRADE FAIR GROUNDS

Industrial Development Corporation Chief Executive Officer Mr Perry Mapani today visited ZESCO, ZAFFICO and ZCCM-IH at the Trade Fair grounds to appreciate what the three companies were showcasing at this year’s Zambia International Trade Fair (ZITF) in line with the theme of “Stimulating Economic Development through Partnerships, Trade and Investment”.      

IDC PAVILION GRACED BY ESWATINI ROYALTY

His Majesty King Mswati III of the Kingdom of Eswatini toured the IDC Pavilion at the on-going Zambia International Trade Fair (ZITF) and appreciated how the Industrial Development Corporation (IDC) is delivering its mandate of investing in new industries and transforming State-owned Enterprises for job and wealth creation.IDC CEO Mr Perry Mapani was on hand […]

IT’S SHOW TIME AGAIN!

The IDC is showcasing at the 57th Zambia International Trade Fair (ZITF) at Trade Fair grounds in Ndola.This year’s ZITF is anchored on the theme: “Stimulating Economic Development through Partnerships, Trade and Investment”.ZITF is the biggest exhibition House in Zambia that creates a business platform for exchange of innovative ideas for value addition to products […]

IDC CEO Tours NCZ

Industrial Development Corporation (IDC) Chief Executive Officer Mr. Perry Mapani this morning conducted a familiarisation tour of Nitrogen Chemical of Zambia (NCZ) to appreciate the progress the company is making towards producing fertilizer for the 2023 Comprehensive Agriculture Farmer Support Programme (CASP). NCZ has been contracted to supply over 43,000 metric tonnes of fertilizer and […]

ZANACO INCREASES DIVIDENDS BY 16%

Zanaco has increased its dividend declaration to shareholders by 16% for the 2022 financial year, Board Chairman Mr. Patrick Wanjelani has announced, following the bank’s 53rd Annual General Meeting. Last year, Zanaco, which is owned 24.8% by IDC, declared a total dividend of K364 million to its shareholders.Mr Wanjelani said 2022 was another great year for […]

KAGEM DOES IT AGAIN!

Kagem Mining Plc has declared a dividend of US$5 million to the Industrial Development Corporation (IDC) on the back of strong performance in the 2022 financial year. The dividend, which was announced at the Annual General Meeting that was held in Lusaka earlier today, represents a significant increase from the dividend of US$1.5million declared last year. Speaking […]

ZAMBIA AIRWAYS CONNECTS ZIMBABWE

Makadii Zimbabwe! IDC is excited that Zambia Airways, “The new wings of Africa” has introduced a new regional route connecting Lusaka and Harare.As Zambia implements the land-linked agenda, we are confident that this regional flight will reduce the cost of travel between Zambia and Zimbabwe and firmly position Zambia as a regional aviation and logistics hub. It […]

INDO ZAMBIA BANK DECLARES K40 MILLION DIVIDEND TO IDC

Indo Zambia Bank (IZB) has handed a K40 million dividend cheque to the Industrial Development Corporation (IDC) following the bank’s 38th Annual General Meeting that was held in Lusaka earlier today. IZB Board Chairman Dr Michael Gondwe, who handed the cheque to IDC Acting CEO Mrs Lizzie Mubangalala-Mukwasa, said the bank had a strong financial performance […]

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 […]