IDC CEO CONFERS WITH TOURISM MINISTER
Earlier today, Industrial Development Corporation (IDC) Chief Executive Officer Mr. Cornwell Muleya paid a courtesy call on the Minister of Tourism, Hon. Rodney Sikumba, MP.The meeting brought together senior government and IDC officials. Hon. Sikumba was accompanied by Tourism Permanent Secretary, Mr. Evans Muhanga, together with senior representatives from the Ministry of Tourism, the Zambia […]
ZCCM-IH DELIVERS HISTORIC ZMW319 MILLION DIVIDEND TO IDC
ZCCM Investments Holdings Plc (ZCCM-IH) has paid out the largest dividend in its 25-year history, with the Industrial Development Corporation (IDC), Ministry of Finance, and NAPSA among the biggest beneficiaries.The record payout of ZMW529 million is attributed to strong performance and innovative revenue streams such as mineral royalty rights. It also reinforces ZCCM-IH’s role as […]
ZAMTEL ON THE ROAD TO LISTING ON LuSE
Zamtel’s journey to listing on the Lusaka Securities Exchange (LuSE) is gathering momentum, with the telecoms company targeting the first quarter of 2026 for its Initial Public Offering (IPO).The update came during a familiarisation tour of Zamtel by Industrial Development Corporation (IDC) Chief Executive Officer Mr. Cornwell Muleya, who commended the company’s progress and pledged […]
INVESTMENT APPETITE GROWS, AS LS-MFEZ RUNS OUT OF LAND FOR INVESTORS
Industrial Development Corporation (IDC) Chief Executive Officer, Mr. Cornwell Muleya, has undertaken a familiarization tour of the Lusaka South Multi-Facility Economic Zone (LS-MFEZ), a wholly owned IDC subsidiary.He was hosted by LS-MFEZ Board Chairperson Mr. Boster Chiyaba, Board Members, and the Senior Management Team. Mr. Muleya was appraised on the Zone’s operations, milestones, and strategic […]
IDC CEO VISITS MULUNGUSHI VILLAGE COMPLEX AND COMMENDS MANAGEMENT’S POSITIVE PERFORMANCE
The Industrial Development Corporation (IDC) Chief Executive Officer Mr. Cornwell Muleya says the positive performance recorded by Mulungushi Village Complex Limited (MVCL) is an indication of dedication and hard work from the Board, Management and Staff of the company.Speaking during a familiarisation tour of the facility, Mr. Muleya said the positive outlook recorded year in […]
97th Zambia Agriculture & Commercial Show
The curtains have officially come down on the 97th Zambia Agriculture & Commercial Show — and what a ride it’s been!We interacted, we engaged, we sold, and most of all, we showcased the best of what we do.We’re proud to have been part of this incredible event — and even prouder to walk away with […]
NEW LOOK LUSAKA TRUST HOSPITAL NEARS COMPLETION, AS IDC CEO CONFIRMS SUPPORT
The Industrial Development Corporation (IDC) Chief Executive Officer Mr. Cornwell Muleya has toured the expansion project of Lusaka Trust Hospital to appreciate the work that has been done so far. IDC holds a 45% equity stake in the hospital.Speaking during the tour of the new look Lusaka trust Hospital, Mr. Muleya said IDC recognises the […]
ZANACO DELIVERS K134.7 MILLION DIVIDEND TO IDC
Zanaco has presented a dividend cheque of over K134 million to the Industrial Development Corporation (IDC) for the 2024 financial year, reflecting IDC’s 25% equity stake in the bank.The cheque was formally handed over by Zanaco Board Chairperson, Prof. Oliver Saasa to Minister of Finance and National Planning Dr. Situmbeko Musokotwane and IDC Chief Executive […]
PRODUCTIVITY ECOSYSTEM FOR DECENT WORK FRAMEWORK KEY FOR MSMEs GROWTH AND BETTER JOBS IN ZAMBIA
The Industrial Development Corporation (IDC) says the Productivity Ecosystem for Decent Work Framework is a key component to the growth of Micro, Small and Medium Enterprise (MSMEs) and job creation in Zambia.Speaking during a high-level breakfast meeting on Productivity Ecosystem organised by the International Labour Organisation (ILO) in collaboration with the Ministry of Labour and […]
INDEPTH: IDC AND FUJIAN XIANG XIN SIGN A MOU FOR A US$ 1.1 BILLION OIL REFINERY
Last week, the Industrial Development Corporation (IDC) and Fujian Xiang Xin Corporation (FJXX) signed a landmark MoU that paves the way for the development of a US $1.1 billion state of the art crude oil refinery and integrated energy complex to be located in Ndola.YOUTUBE: https://youtu.be/50AZyaa92_Q?si=8SLo8subYbFMUNWdAUDIO: https://omny.fm/…/zambia-to-construct-1-1-billion-oil…The planned facility will process three million tonnes of […]