The Lusaka South Multi-Facility Economic Zone (LS-MFEZ) has declared a dividend of K10.4 million to the Industrial Development Corporation (IDC), marking the fifth consecutive year the company has rewarded its shareholder with a payout.
The cheque was handed over during a ceremony held earlier today, presided over by LS-MFEZ Board Chairperson Mr Boster Chiyaba and received by IDC CEO Mr Cornwell Muleya. Also present were representatives from the Ministry of Finance and Ministry of Commerce, Trade and Industry.
Speaking at the event, Mr Chiyaba said the dividend reflected the company’s continued ability to create sustainable value despite a challenging operating environment in 2025. During the year, LS-MFEZ recorded revenue of over ZMW151 million, gross profit of ZMW89.7 million, operating profit of ZMW20.2 million and net profit of ZMW23.2 million for the 2025 financial year.
Mr Chiyaba noted that cumulative dividends declared by LS-MFEZ over the past five years now stand at ZMW24.3 million, up from ZMW10.2 million declared in 2024.
He added that LS-MFEZ had attracted cumulative investments exceeding USD2.07 billion by the end of 2025, comprising 168 approved investments and creating more than 38,000 jobs.
Receiving the dividend, Mr Muleya congratulated the board, management and staff of LS-MFEZ, describing the declaration as evidence of value creation, sound governance and disciplined execution.
Mr Muleya urged the LS-MFEZ board and management to sustain the momentum by prioritising infrastructure investment, improved investor service delivery, prudent financial management and strong corporate governance, saying these would help build a resilient, self-sustaining business that delivers even greater returns and developmental impact for Zambia.