Frequently Asked Questions
What is the Industrial Development Corporation (IDC)?
IDC is Zambia's commercial investment arm and a State-Owned Enterprise established to strengthen domestic industrial capacity, create long-term shareholder value, and support job creation through strategic investments.
When was IDC incorporated and who owns it?
IDC was incorporated in January 2014 and is wholly owned by the Government of Zambia through the Minister of Finance, pursuant to the Minister of Finance (Incorporation) Act Cap 349 of the Laws of Zambia.
What is IDC's mandate?
IDC's mandate is to play a catalytic role in deepening Zambia's industrialisation capacity, promoting job creation, supporting domestic wealth formation, and maximising long-term value from strategic State investments.
How does IDC support industrialisation and job creation?
IDC identifies investment opportunities, develops projects, supports enterprise growth, and works with partners in priority sectors that can expand production, improve competitiveness, and create direct and indirect jobs.
Which sectors does IDC operate in?
IDC's portfolio covers mining, agriculture and forestry; manufacturing; banking and financial services; energy and infrastructure; transportation and communication; and health, tourism and real estate. View the sector list on the Industry Sectors page.
What types of companies are in IDC's portfolio?
IDC's portfolio includes entities where IDC is the majority shareholder, such as State-Owned Enterprises, as well as investee companies where IDC holds minority shareholding interests.
Where can I view IDC subsidiaries and investee companies?
The Industry Sectors page groups IDC companies by sector and links visitors to subsidiaries and investee companies such as ZESCO, ZAFFICO, ZAMTEL, ZANACO, Zambia Airways, ZSIC, and others.
What is IDC's strategic focus?
IDC's strategic focus is to be a cornerstone of Zambia's economic stability and growth, actively driving industrialisation, rural development, and long-term shareholder value.
How does IDC work with private sector partners?
IDC can develop projects independently or with private sector players and development-oriented agencies. It uses partnerships to unlock investment, reduce project risk, build capacity, and support national development priorities.
How can potential investors or partners engage IDC?
Potential partners can begin through the website's partnership channels or reach IDC directly through the Contact Us page with a clear proposal, company profile, and area of investment interest.
Where can I learn about IDC's corporate responsibility?
IDC's Corporate Responsibility page explains how the Corporation considers its impact on people, society, and the environment, and how it contributes within Zambian communities.
Where are IDC tenders published?
Current procurement notices and tender downloads are published on the Tenders page. IDC states that its investments and business undertakings are guided by accountability in the use of public funds.
How does IDC approach accountability in tenders?
IDC states that its investments and business undertakings are guided by accountability in the use of public funds. Tender notices provide the official instructions, requirements, deadlines, and downloadable documents for each procurement opportunity.
Where can I find job vacancies at IDC?
What can I learn in the Careers section?
The Careers section introduces life at IDC, current vacancies, gallery content, and opportunities for people who want to use their skills to help build a better Zambia.
Where can I find IDC leadership and governance information?
Governance and leadership information is available under About Us, including pages for executive management and governance. These explain IDC's board oversight, management responsibilities, and committee structure.
What governance structures support IDC?
IDC's Board provides overall guidance and policy direction. Board and management committees support investment decisions, audit and risk, finance and administration, procurement, and day-to-day management of the Corporation.
Where can I access IDC reports and financial statements?
Investor information is available through IDC's Investor Relations pages, including Annual Reports, Our Strategic Plan, and Audited Financial Statements.
Where can I read IDC's Strategic Plan?
IDC's strategic plan is available on the Our Strategic Plan page. The page links visitors to the current strategic planning document and related investor information.
Where can I follow IDC news and media updates?
IDC publishes recent updates on the News page. The website also includes media, videos, newsletters, and social media links for ongoing public updates.
Does IDC publish videos and newsletters?
Yes. The News area includes Videos and newsletter content, giving visitors another way to follow IDC updates, interviews, public notices, and institutional activities.
How can I contact IDC?
IDC can be contacted through info@idc.co.zm, +260 211 427000, or +260 967 773007. The office is listed at 61 Independence Avenue, Prospect Hill, Lusaka. You can also send a message through the Contact Us page.