IDC CEO Calls for Increased Investment in Agriculture to Strengthen Zambia’s Food Security

Industrial Development Corporation (IDC) Chief Executive Officer, Mr. Cornwell Muleya, has called for substantial investment in Zambia’s agricultural sector as a key strategy to ensure national food security.Speaking at the Invest Zambia International Conference, Mr. Muleya emphasized that in response to the urgent need for food security, IDC is actively advancing the development of the […]

IDC SIGNS AGREEMENTS FOR 2 PROJECTS WORTH OVER US$2 BILLION

At the inaugural Invest Zambia International Conference, which opened today, the Industrial Development Corporation (IDC) has signed two landmark memoranda of understanding (MoUs) worth over US $2 billion with two leading Chinese corporations, securing major investments in Zambia’s energy and agricultural sectors.The two signings were witnessed by President Hakainde Hichilema and Chinese Ambassador to Zambia […]

IDC HOSTS OPEN DAY TO UNVEIL STRATEGIC VISION AND ENGAGE KEY STAKEHOLDERS

Earlier today, the Industrial Development Corporation (IDC) hosted an Open Day for its key stakeholders, aimed at providing comprehensive insights into the Corporation’s strategic direction, operational framework, and long-term growth plans.The event attracted a distinguished audience comprising Government officials, members of the diplomatic corps, representatives from Development Finance Institutions (DFIs), captains of industry, Non-Governmental Organisations […]

The 59th Zambia International Trade Fair

As the curtain falls on this year’s Zambia International Trade Fair, we extend our heartfelt thanks to everyone who visited our Pavilion.Your support, interest, and engagement meant everything. We’re energized by the connections made and excited to turn conversations into concrete business deals.Here’s to building partnerships, driving growth, and creating even more wealth together!

IDC AND ZAF PARTNER TO BOOST NATIONAL FOOD SECURITY

The Industrial Development Corporation (IDC) and the Zambia Air Force (ZAF) have formalized a strategic partnership to support national food security through a 10-year lease agreement for the Agro-Luswishi Farm in Lufwanyama District, Copperbelt Province.The agreement was signed today at ZAF Headquarters in Lusaka by IDC Chief Executive Officer Mr. Cornwell Muleya and ZAF Commander […]

MULUNGUSHI DECLARES FIRST DIVIDEND TO IDC

Mulungushi International Conference Centre Limited (MICCL) has declared its first-ever dividend of K8.3 million to its shareholder, the Industrial Development Corporation (IDC).This financial milestone has been welcomed by IDC, which is actively working to improve the performance of State-Owned Enterprises (SOEs) to ensure they operate profitably and sustainably. MICCL now joins ZAMCARGO, another IDC subsidiary, […]

CELEBRATING AFRICA IN STYLE

Industrial Development Corporation (IDC) staff pulled out all the stops to mark Africa Freedom Day celebrations with a stunning showcase of African pride, culture and unity.The celebration stretched over two weeks, beginning ahead of May 25, the historic day itself. From the very first day, the IDC offices transformed into a visual feast of African […]

IDC HOSTS CBU ECONOMICS STUDENTS

Yesterday, the Industrial Development Corporation (IDC) hosted 35 Economics students from the Copperbelt University (CBU) Economics Association, who are in Lusaka to gain practical exposure to Zambia’s industrial development sector.The visit aimed to deepen the students’ understanding of IDC’s role in driving industrial growth through its various initiatives and projects.Led by Chief Finance Officer Mr. […]

LS-MFEZ INCREASES DIVIDEND PAYOUT SIXFOLD

The Lusaka South Multi-Facility Economic Zone (LS-MFEZ) has declared a dividend of K10.2 million to the Industrial Development Corporation (IDC) for the 2024 financial year, marking its fourth consecutive dividend and representing a sixfold increase from last year’s K1.5 million payout.LS-MFEZ Board Chairperson Mr. Boster Chiyaba attributed the strong performance to the prudent measures implemented […]