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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...
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...
GO CHIPOLOPOLO GO!
Congratulations Chipolopolo boys for beating Lesotho by 3-1 last night. We are glad to be part of the “technical bench” assisting the team to arrive ahead of schedule for the return fixture in Sunday’s AFCON qualifier against Lesotho to be played at Dobsonville, South Africa. Thank you for choosing Zambia Airways, “the...
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...
IDC INAUGURATES NEW ZAFFICO BOARD
IDC Acting Group CEO Mr Henry Sakala has unveiled the new ZAFFICO Plc Board of Directors to further drive the company’s growth.The new Board comprises the following members: Dr. Alvert Namasamu Ng’andu – ChairpersonMrs. Mwaka Samundengu Ngoma – Vice ChairpersonMr. Peter Mutale Kang’ombe - Board MemberMr. Chanda Mutoni – Board MemberMr....
REFRESHED MUKUBA HOTEL REOPENS, PROMISING GUESTS THE PERFECT STAY
Your perfect gift for the new year! After an extensive make over, the Mukuba Hotel (a subsidiary of the IDC) has re-opened its doors, promising you the perfect stay in the city of Ndola.Mukuba combines the relaxing atmosphere of a modern hotel with the very latest facilities, as well as...
IDC AT THE 2022 NORTH-WESTERN PROVINCE BUSINESS TO BUSINESS EXPO IN SOLWEZI
IDC is participating and exhibiting at the 2022 North-Western Province Business to Business Expo in Solwezi.The key objective of the Expo is to “foster business to business linkages and matchmaking among sector players that will result in increased impactful and sustainable business opportunities “.Earlier today our Acting Chief Investment Officer,...
IDC CALLS FOR INCREASED PRIVATE SECTOR PARTICIPATION IN RENEWABLE ENERGY PR
IDC Acting Group CEO Mr Henry Sakala has called for solutions and options that will address the challenges faced by private sector participation in the development of renewable energy projects in Zambia.Speaking at a technical workshop on “Assessing the role of de-risking instruments in renewable energy investment in Southern Africa”...
IDC IS SHOWCASING AT THE WESTERN PROVINCE TOURISM, TRADE AND INVESTMENT EXP
The IDC is showcasing at the Western Province Tourism, Trade and Investment Expo 2022 in Kasima area in Mongu.The Expo is anchored on the theme: "Rapid economic transformation through increased home-grown entrepreneurship, value addition and Trade".Tourism Investment Corporation (TIC) a special purpose vehicle of the IDC created to catalyse tourism...
NCZ TO SUPPLY 47,308MT OF FERTILIZER UNDER FISP
The Government has awarded Nitrogen Chemicals of Zambia (NCZ) a tender to supply 47,385 metric tonnes of fertilizer under the Farmer Input Support Programme (FISP) for the 2022/23 farming season.This is the largest allocation to NCZ under FISP and is triple the previous year’s allocation of 13,000 MT. NCZ will...
Zambezi Cashews Company Limited – Western Province
DID YOU KNOW THAT... The IDC through Zambezi Cashews Company Limited recently provided employment to over 300 seasonal and full-time employees at the cashew plantation. Zambezi Cashew Company Limited is a greenfield company 100% owned by the IDC, located in Mongu, Western Province. In the current phase the company is...
JOBS, JOBS, JOBS!
In line with the IDC mandate of spearheading industrialization, value addition and job creation, the Eastern Tropical Fruits Limited factory will soon be operational in Katete District. The factory is expected to process 24,000 metric tonnes per annum of mangoes and other citrus fruits into juices, jams and canned products.Once...
PRESS RELEASE – IDC GROUP CEO SEPARATES FROM THE CORPORATION
Press Release - IDC GCEO Separates from the Corporation 1
IDC MEETS WITH COMPANIES BOARDS AND MANAGMENT
Representatives of Boards and Managements of companies under the IDC Group are today attending a sensitization meeting to understand the implications of the Emoluments Commission Act, 2022.The meeting, which is being held at the Kenneth Kaunda International Conference Centre, is organized by Cabinet Office and is being chaired by the...
IDC’S KALENE FACTORY REVIVES HOPES FOR NORTHWESTERN FARMERS
Kalene Hills Fruit Company is an important undertaking for IDC, as we pursue our mandate to support the growth of our country’s industrial base.The objective of this project is to establish a sustainable business that will create jobs and provide a ready market for farmers in Mwinilunga and surrounding areas,...
IT’S A WRAP! 1ST, 2ND AND 3RD PRIZE WINNERS!
IT'S A WRAP! 1st, 2nd and 3rd prize winners!As we come to the conclusion of the 94th Zambia Agricultural and Commerical Show, we would like to thank all show goers who visited our stand over the last six days and engaged us on various issues. Thank you for your interest...
ZAMBIA AGRICULTURAL AND COMMERCIAL SHOW IS BACK
After two years of absence, the Zambia Agricultural and Commercial Show is back!This year's theme is "Innovation through Technology, Technology Transforms Businesses".Visit our stand and see how the IDC Group of Companies is changing lives using technology through it's various subsidiaries at both community and national level....don't forget to taste...
PRESIDENT HAKAINDE HICHILEMA COMMISSIONS IDC’S KALENE HILLS FRUIT COMPANY
President Hakainde Hichilema has officially commissioned the Kalene Hills Fruit Company fruit processing plant in Mwinilunga with a call for more factories to be opened in all 10 provinces of Zambia.With an installed fruit processing capacity of 24,000 metric tonnes per annum, the factory is driven by the IDC’s mandate...
IDC EXHIBITS AT THE13TH AFRICAN UNION PRIVATE SECTOR FORUM
IDC is participating and exhibiting at the 13th African Union private sector forum at the Kenneth Kaunda Wing of the Mulungushi International Conference Centre, held under the theme " the role of the private sector towards increasing investment in energy and agri-business to upscale productive capacities and industrialisation drive in...
ZAMBIA INTERNATIONAL TRADE FAIR – OFFICIAL OPENING DAY.
The President of the Republic of Zambia, His Excellency Mr Hakainde Hichilema today visited the IDC stand, ahead of the official opening of the 56th Zambia International Trade Fair. IDC Acting Group CEO, Mr Henry Sakala and some Directors of the IDC Board were on hand to receive the Head...
THE ZAMBIA INTERNATIONAL TRADE FAIR IS BACK
Its show time!After a two-year absence, the Zambia International Trade Fair is back!The IDC Group of Companies is showcasing how its various subsidiaries are adding value to their goods and services for sustainable growth. Minister of Commerce, Trade and Industry Hon Chipoka Mulenga, MP this morning toured the IDC Pavilion.If...
IT’S A WRAP! 1ST, 2ND AND 3RD PRIZE WINNERS!
IT'S A WRAP! 1st, 2nd and 3rd prize winners!As we come to the conclusion of the 94th Zambia Agricultural and Commerical Show, we would like to thank all show goers who visited our stand over the last six days and engaged us on various issues. Thank you for your interest...
IDC HOSTS CORPORATE GOVERNANCE TRAINING FOR BOARD MEMBERS AND MANAGEMENT
The IDC has hosted a workshop on Corporate Governance for Board Members and Senior Management at the Kenneth Kaunda International Conference Centre in Lusaka. Organized by the Legal Division of the IDC, the workshop was meant to familiarize participants with the global best practices in Corporate Governance for them to...
ZAMBIA AIRWAYS TO LAUNCH JOHANNESBURG ROUTE ON JULY 1
Zambia Airways will commence flights on the Johannesburg route on July 1, Minister of Transport and Logistics Hon. Frank Tayali has announced. Hon Tayali made the announcement at the official launch of the Zambia Airways central ticketing office located at East Park Mall in Lusaka today. “It is my pleasure...
HAPPY 60TH BIRTHDAY PRESIDENT HAKAINDE HICHILEMA
The Boards, Mangment and Staff of the Industrial Development Corparation(IDC) Group of Companies joins the nation in conveying warm birthday wish to His Excellency Mr. Haikainde Hichilema President of the Republic of Zambia. We wish you Gods blessings, wisdom, success and good health as you lead this beautiful country. Happy...
MUSIKA HANDS OVER TWO REFRIGERATED TRUCKS TO IDCS FRUIT PROCESSING PROJECTS
Musika Development Initiatives Zambia Ltd has today handed over two refrigerated trucks to IDC's fruit processing projects, Kalene Hills in Mwinilunga, North-western Province and Eastern Tropical Fruits in Katete, Eastern Province. Musika has a partnership agreement with IDC to support the establishment of the two processing plants. Receiving the trucks,...
PRESIDENT HICHILEMA TOURS THE IDC STAND AT THE ZAMBIA – EU ECONOMIC F
His Excellency the President Mr Hakainde Hichilema toured the IDC stand after delivering his keynote speech and participating in a panel discussion at the ongoing 1st Zambia - EU Economic Forum being held at the Mulungushi International Conference Centre (18th - 19th May). The IDC is showcasing investment opportunities in...
PRESIDENT HICHILEMA OFFICIALLY OPENS THE FIRST ZAMBIA – EU ECONOMIC F
Happening now... His Excellency the President of the Republic of Zambia Mr Hakainde Hichilema officially opening the first Zambia - European Union Economic Forum in Lusaka. #IDCZambia is exhibiting at the forum and participating in B2B meetings. Forum is 18th - 19th May at Mulungushi International Conference Centre
IDC ACTING GROUP CEO MOURNS ALEXANDER B. CHIKWANDA
This afternoon IDC Acting Group CEO Mr Henry Sakala and senior management conveyed condolences to the family of the late former Minister of Finance and former IDC Board Member Mr Alexander B. Chikwanda. MHSRIP
IDC CELEBRATES LABOUR DAY
Today we remember our founding father Dr Kenneth David Kaunda and how he pioneered industrialisation and value addition by creating industries through out the nation, and in turn creating jobs and wealth for our people, especially in rural areas. Happy Kenneth Kaunda Day from all of us at IDC "IDC...
IDC REMEMBERS KK
Today we remember our founding father Dr Kenneth David Kaunda and how he pioneered industrialisation and value addition by creating industries through out the nation, and in turn creating jobs and wealth for our people, especially in rural areas. Happy Kenneth Kaunda Day from all of us at IDC "IDC-...
IDC GROUP TARGETS ZERO AUDIT QUERIES
The Industrial Development Corporation (IDC) Group has adopted zero tolerance on audit lapses by which all its subsidiaries will abide, Acting Group CEO Mr Henry Sakala has said. Mr Sakala said the strategic thrust of the IDC is to reduce the incidents of audit findings by 20% year on year...
IDC ACTING GROUP CEO DATES MWINILUNGA HYBRID FRUIT PROCESSING PLANT
IDC Acting Group CEO Mr Henry Sakala was over the weekend in Mwinilunga to inspect civil works and equipment installation works that are nearing completion in preparation for testing and certification. The hybrid fruit processing plant will add value to pineapples and other fruits that go to waste every year...
AGRITECH EXPO DAY 2
The President of the Republic of Zambia, His Excellency Mr Hakainde Hichilema today visited the IDC stand. IDC Acting Group CEO, Mr Henry Sakala, was on hand to receive the Head of State. During the tour the President was briefed on the various investments the IDC has made in the...
IDC EXHIBITS AT AGRITECH 2022
IDC is exhibiting at this year's Agritech Expo in Chisamba, 7th - 9th April. Come and learn more about our agricultural projects and investment opportunities. Our team is ready to welcome you to our stand (C15). ...make sure you taste our Kawambwa tea before you leave our stand!
LS-MFEZ DECLARES FIRST DIVIDEND TO SHAREHOLDER – IDC.
LS-MFEZ has today declared its first dividend cheque of K1,880,000 to its shareholder the IDC. Receiving the cheque, Acting Group CEO Mr Henry Sakala, implored the LS-MFEZ to be the game changer as far as Industrialisation, technological advancement, innovation and manufacturing is concerned. He said IDC as shareholder would like...
KAGEM DECLARES USD1.5 MILLION DIVIDEND TO IDC AFTER SIX YEAR GAP
Industrial Development Corporation (IDC) has congratulated Kagem Mining Limited for declaring its first dividend since 2016. Speaking during the handover ceremony where Kagem handed over a USD1.5 million cheque to the IDC, IDC Acting Group CEO Mr. Henry Sakala said the declaration of the dividend demonstrated the hard work and...
INDO ZAMBIA BANK INCREASES DIVIDENDS TO SHAREHOLDERS
Indo Zambia Bank Limited has increased the dividend payment to shareholders for the 2021 Financial Year to K80 million from K75 million the previous year. Following the Bank’s 37th Annual General Meeting held in Lusaka today, Board Chairman Dr Michael Gondwe reported a 7% increase in dividends, a 33% increase...
IDC ACTING GROUP CEO MOURNS RB
This afternoon IDC Acting Group CEO Mr Henry Sakala and senior management conveyed condolences to the family of the late Fourth President of the Republic of Zambia, His Excellency Mr Rupiah Banda. MHSRIP
KAWAMBWA, READY TO SERVE TEA!
IDC’S Kawambwa Tea set to hit Zambian Supermarket shelves soon Then.... and now. In 2020, the IDC embarked on another ambitious project of constructing a new and morden tea processing factory to support value addition by processing and packaging high value tea for local and export markets. Plant and equipment...
NEW IDC BOARD OF DIRECTORS APPOINTED
A new Board of Directors for the Industrial Development Corporation (IDC) has been appointed with immediate effect. The new Directors are: Hon. Dr. Situmbeko Musokotwane, MP., Minister of Finance and National Planning Hon. Mr. Reuben R. Mtolo Phiri MP., Minister of Agriculture Hon. Mr. Chipoka Mulenga, MP., Minister of Commerce,...
VALUE ADDITION. VALUE ADDITION.
IDC's Kalene Hills Fruit Company set to add value to pineapples in N/Western Province Then.... and now. In 2020, the IDC embarked on an ambitious project to set up a fruit processing plant in Mwinilunga. The project speaks to one of the key mandates of the IDC, which is to...
ZAMBIA AIRWAYS MAIDEN FLIGHT ZN134 – LUSAKA TO LIVINGSTONE
“Ladies and gentlemen, from the flight deck this is your Captain speaking. We are presently flying at 25,000 feet above sea level at the speed of 450km/hr. On behalf of Zambia Airways, welcome on board the maiden flight ZN134 to Livingstone. I hope you’re enjoying the smooth flight…,” the voice...
OH HAPPY DAY….
Zambia Airways historical maiden flight ZN100 took off from KKIA at 09hrs and touched down at Simon Mwansa Kapwepwe International Airport in Ndola at 9:45hrs. Zambia Airways..."The new wings of Africa". Welcome on Board!
ZAMBIA AIRWAYS AIRCRAFT ARRIVES AHEAD OF DECEMBER 1 MAIDEN FLIGHT
Zambia Airways has taken delivery of its first aircraft ahead of the commencement of commercial operations on December 1. The 70-seater Bombardier Dash 8 Q-400, the first of six planes the airline is expected to operate, touched down at Kenneth Kaunda International Airport at 13:30 and was honoured with a...
MPULUNGU HARBOUR CORPORATION LIMITED IS IDC BEST PERFORMING ENTERPRISE 2021
Highest Dividend Declared 3rd Prize: declared K23m - ZAFFICO 2nd Prize: declared K30m - INDO ZAMBIA BANK 1st Prize: declared K32m - ZCCM- IH Highest Dividend declared by Medium Enterprise Winner: with a dividend declared of K2.4m - MPULUNGU HARBOUR CORPORATION LIMITED Best Dividend Payer 3rd Prize – ZANACO BANK...
INVEST IN JOB-RICH SECTORS, FINANCE MINISTER URGES IDC
Minister of Finance and National Planning, Dr. Situmbeko Musokotwane says the IDC Group of Companies should take advantage of their numbers and invest more in job-rich sectors of tourism and construction, to foster economic transformation and wealth creation. Speaking during the official opening of the 5th IDC Annual Group Conference...
IDC CHANGING THE ECONOMIC LANDSCAPE of RURAL ZAMBIA
(#ThrowBackThursday) DID YOU KNOW THAT… Zampalm, is Zambia’s largest oil palm plantation and is in Kanchibiya district Muchinga Province. Zampalm is 90% owned by the IDC. In its current phase, the planted area of oil palm trees is 3,600 hectares of which 2,800 hectares have mature oil palm trees. Commercial...
OUR FIRST HARVEST
Mununshi Fruit Company, which is wholly owned by the IDC has started to harvest its first banana fruits from the estate. The company expects to harvest 1,425 tonnes of bananas from 47,500 plants, grown on 30ha. The greenfield project which is in line with the IDC's mandate to spur rural...
CONGRATULATIONS PRESIDENT ELECT HH
The Board, Management, and Staff of the Industrial Developemnt Corparation(IDC) join the nation in conveying warm congratulations to His Excellency Mr. Hakainde Hichilema The President - elect of The Republic of Zambia and Her Honour The Vice President Elect Mrs. Mutale Nalumango We wish you Gods blessings, wisdom, success and...
ZAMBIA AIRWAYS SENDS LOCAL PILOTS FOR TRAINING
In readiness for the operationalization of the airline on 30th September 2021, Zambia Airways has dispatched five local pilots to the Ethiopian Aviation Academy for a short-term training. The flight crew members, all Zambian nationals, will spend the next month undergoing adaptation training to aircrafts that the airline will use...
IDC COMMENDS ZAMBIA AIRWAYS FOR ANNOUNCING LAUNCH DATE
Lusaka, 9th August 2021 – The Industrial Development Corporation (IDC) has commended the Zambia Airways Board for announcing 30th September 2021 as the date for commercial operationalization of the National Carrier.IDC Group CEO, Mr. Mateyo Kaluba, said the operationalization of the National carrier will play a catalytic role in reviving...
IDC DONATES PPE’s TO SURGICAL SOCIETY OF ZAMBIA
The Industrial Development Corporation (IDC) has commended frontline health workers for repeatedly making sacrifices by working around the clock to contain the COVID-19 pandemic. Speaking during a Ministry of Health COVID-19 press briefing, IDC Chief Corporate Services Officer, Mrs Pamela Musepa said Frontline staff and other medical personnel around the...
Call for Expression of Interest
Call for Expression of Interest The International Council of Swedish Industry (NIR) calls for Expressions of Interest from consultancies for a capacity development support programme for Zambia Railways Limited during project preparation and implementation of the Chingola to Livingstone Rehabilitation Project for the Sustainability Impact Accelerator. Brief Description: The objective...
IDC INJECTS K684 MILLION INTO NCZ TO BOOST ITS PERFORMANCE
IDC INJECTS K684 MILLION INTO NCZ TO BOOST ITS PERFORMANCE The Industrial Development Corporation (IDC) has given its subsidiary Nitrogen Chemicals of Zambia (NCZ) working capital of K684 million to help the company boost its production capacity. IDC Group CEO Mr Mateyo Kaluba said of the total amount, K638 million...
Mpulungu Harbour Corporation Limited Declares K2.4million Dividend to Share
PRESS RELEASE Mpulungu Harbour Corporation Limited Declares K2.4million Dividend to Shareholder - IDC Lusaka, 22nd June 2021 – The Industrial Development Corporation has commended Mpulungu Harbour Corporation Limited (MHCL) for declaring its first dividend of K2.4 million to its shareholder the IDC. “We at the IDC are very proud of...
Marcopolo Tiles Company Ltd Declares K72 Million Dividend to Shareholders
Marcopolo Tiles Company Limited has today declared its first dividend worth K72 million to its shareholders. Speaking when he received the dividend cheque on behalf of other shareholders, IDC Group Chief Executive Officer Mr. Mateyo Kaluba hailed Marcopolo Tiles for delivering a strong performance in the financial year 2020, despite...
Indo Zambia Bank pays K30 million Dividend to IDC
IDC GROUP CEO TOASTS INDO-ZAMBIA BANK 2020 SUCCESS STORY Industrial Development Corporation (IDC) Group Chief Executive Officer Mr. Mateyo Kaluba has commended Indo Zambia Bank (IZB) for the positive performance the Bank achieved in the financial year 2020 despite difficult times arising from the COVID-19 pandemic. Mr. Kaluba said the...
MARCOPOLO TILES HANDS OVER POLICE POST AND VEHICLES
Marcopolo Tiles Company has handed over a newly constructed Police Post and three Toyota Land Cruiser vehicles all valued at K3 million to the Zambia Police Service. The Police Post will help maintain law and order in the surrounding Malcom Compound in Lusaka West, which has had no police services...
IDC COMMENDS MARCOPOLO TILES COMPANY LTD FOR COMPLETING $15MILLION EXPANSIO
The Industrial Development Corporation (IDC) has commended Marcopolo Tiles Company Limited (MTCL) on the completion of Phase IV of the Company’s’ expansion project, at a cost of $15million, which will make it the first Zambian manufacturer of sanitary ware. “We at the IDC are proud to be associated with the...
PARASTATAL PERFORMANCE BETTER UNDER IDC, SAYS HON DAKA
Chairperson of the Parliamentary Committee on Parastatal Bodies, Hon Peter Daka, has reiterated the need for companies in the Industrial Development Corporation (IDC) to continue the transformation journey towards sustainable profitability. Hon Daka, who is also Msanzala Constituency Member of Parliament, said there was marked improvement in the performance of...
“CREATE BUSINESS OPPORTUNITIES FOR EACH OTHER,” FINANCE MINISTER IMPLORES I
Finance Minister Dr Bwalya Ng’andu has implored companies under the Industrial Development Corporation (IDC) to explore synergies and do business amongst themselves and keep wealth within. Dr Ng’andu said, with the combined balance sheet value around K100 billion and Group revenue exceeding K15.6 billion annually, the IDC represents immense financial...
PARLIAMENT COMMENDS IDC
The Parliamentary Committee on Parastatal Bodies says it is impressed with the improvement in the operations of State-owned Enterprises (SOEs) since they were placed under the supervision of the Industrial Development Corporation (IDC) five years ago. Committee Chairperson Hon. Peter Daka says the Committee continues to look to the IDC...
IDC to upgrade Zambia Railways Limited with $1bn investment
IDC’s vision to have a modernised Zambia Railways Limited (ZRL) with maximised profitability will be realised once the Corporation secures about US$1 billion for the rail company. Group CEO Mr Mateyo Kaluba says negotiations are currently ongoing with development financiers and are expected to conclude before the end of the...
Medical Stores Limited to Separate from IDC
Medical Stores Limited is set to separate from the Industrial Development Corporation (IDC) and will be transformed into the Zambia Medicines and Medical Supplies Agency. IDC Group CEO Mr Mateyo Kaluba said the IDC was created with a mandate to supervise commercially oriented State-owned Enterprises to make them profitable and...
The Industrial Development Corporation (IDC) is Recruiting
Apply for your job today! The Industrial Development Corporation (IDC) is looking to add to its vibrant and dynamic team. Suitably qualified and experienced persons are hereby invited to apply for the following positions: Senior Risk Officer Senior Internal Auditor Senior Finance Officer Senior Procurement Officer Stores Officer Legal Counsel...
Kalene Hills Fruit Company & Eastern Tropical Fruit Company Commence R
Apply for your job today! Kalene Hills Fruit Company and Eastern Tropical Fruits, subsidiaries of the Industrial Development Corporation (IDC), are fruit and vegetable processing businesses located in Mwinilunga and Katete respectively. The plants are currently under construction and expected to commence operations in the fourth quarter of 2020. Suitably...
IDC joins Government in the fight against COVID-19
Press Release FOR IMMEDIATE RELEASE IDC DONATES TO FRONTLINE HEALTH WORKERS FIGHTING COVID-19 Lusaka, April 6, 2019 - The Industrial Development Corporation (IDC) has donated assorted Personal Protective Equipment (PPE) to help the Ministry of Health contain the Coronavirus (COVID-19). Group CEO Mr Mateyo Kaluba handed over the assortment to...
Zamtel and Zambia Railways sign an Integrated Communication Solutions MOU
Zamtel and Zambia Railways (members of the IDC Group of Companies), have today signed a Memorandum of Understanding (MOU) where Zamtel will provide Zambia Railways with an Integrated Communication Solution, which includes voice and data. Speaking at the signing ceremony, Zamtel CEO Mr. Sydney Mupeta said the digital solution will...
IDC Restructures Times Printpak
Press Release FOR IMMEDIATE RELEASE IDC Restructures Times Printpak Lusaka, 28thDecember 2019 – The Industrial Development Corporation (IDC) has dissolved the Times Printpak Board of Directors and made changes at management level as it commences fundamental restructuring of the company. The IDC has directed the Zambia Daily Mail Limited Board...
Senior Chief Kanongesha Pledges to Support IDC’s Fruit Processing Pro
Senior Chief Kanongesha of Mwinilunga says he is happy that the IDC was implementing a project that would change the face of the district through the creation of jobs in the area and the entire North-Western Province. He said the Kanongesha Royal Establishment fully supports the project and was committed...
IDC Signs Shareholder Agreement with INDO Zambia Bank
IDC Group CEO Mr Mateyo Kaluba has expressed confidence that the Shareholder’s agreement signed today between the IDC, Bank of Baroda, Bank of India and Central Bank of India reaffirms a long standing relationship between the four shareholders. He said the agreement clarifies the roles and expectations of the respective...
IDC COMMENDS ZAMTEL FOR CROSSING THREE MILLION SUBSCRIBER BASE.
FOR IMMEDIATE RELEASE Lusaka, 29th July 2019 – Zamtel’s shareholder, the Industrial Development Corporation (IDC) has commended the national network provider for crossing the three million subscriber base. IDC Group CEO, Mr Mateyo Kaluba said the record increase in mobile subscribers to the Zamtel network over the past two years...
Indeni declares K31 million dividend to IDC
INDENI Petroleum Refinery Company has declared K31million dividend to its shareholder the Industrial Development Corporation (IDC). This is the fifth dividend payment Indeni has made since 2015 following implementation of strategic reforms guided by the IDC that has resulted in the Refinery to becoming the overall best performing enterprise within...
Scaling Solar
We did it! “Diversifying Zambia’s Energy Mix” FACT: First Scaling Solar project (a World Bank Group program) to be commissioned in Africa. 54 MW - first large - scale solar power plant in Zambia to be commissioned. lowest tariff in Sub Saharan Africa at 6 cents per kilowatt hour 30, 000...
Zambia Airways Board Appoints CEO
Lusaka, 7thFebruary 2019 - The Board of Directors of Zambia Airways (2014) Limited held their inaugural Board meeting today, 7thFebruary 2019, where decisions relating to the commencement of the Airline were made including the appointment of Mr. Bruk Endeshaw Abebe, as the Chief Executive Officer of Zambia Airways. Mr. Abebe...
IDC Appoints Zambia Airways Board
IDC APPOINTS ZAMBIA AIRWAYS BOARD MEMBERS Lusaka, 28th December 2018 – The Industrial Development Corporation (IDC) Group Chief Executive Officer, Mr. Mateyo Kaluba, has today announced the appointment of members of the Board of Directors of Zambia Airways. The appointment of the board is with immediate effect. Those appointed include:...
Joint statement at the signing of the Shareholders Agreement between the In
We, the Group Chief Executive Officer of the Industrial Development Corporation (IDC), Mr. Mateyo C. Kaluba, and the Group Chief Executive Officer of Ethiopian Airlines (ET), Mr. Tewolde Gebremariam, held a signing ceremony on 19th August 2018 in Lusaka to mark our agreement as Shareholders of Zambia Airways. As strategic equity...
Indo-Zambia Bank declares K24 million dividend to shareholder – IDC
Indo-Zambia Bank, has declared K24 million dividend to its shareholder the IDC for the financial year ended 31st December 2018. Speaking during a media brief before the cheque handover, Indo- Zambia Bank Chairperson, Mrs. Orlean Moyo disclosed, the bank recorded 37.9% growth in operating profit from K182m (2017) to K251m...
IDC Board has approved an investment of $850 million into rail infrastructu
The Industrial Development Corporation (IDC) Board has approved an investment of $850 million into rail infrastructure and rolling stock for Zambia Railways Limited (ZRL). IDC Group Chief Executive Officer Mr Mateyo Kaluba, said the investment is important because it is a wholesome package which attends to the entire capacity constraints...
President Lungu urges IDC to accelerate solar power projects
President Edgar Lungu has directed the Industrial Development Corporation (IDC) to accelerate all other solar projects which are in the pipeline. Speaking on Monday when he officially commissioned the 54 megawatts solar photovoltaic plant for the Bangweulu Power Company Limited in the Lusaka South Multi Facility Economic Zone, President Lungu...
First ‘Scaling Solar’ Auctions in Zambia Yield Record Low Tariffs amid Elec
The 6.02¢/kWh tariff makes the projects the lowest-cost solar power in sub-Saharan Africa to date Lusaka – Zambia’s Industrial Development Corporation (IDC) opened bids on May 27 from seven leading renewable energy developers seeking to build large-scale solar power plants in the southern African country where power shortages are acute. The bid...
Public Disclosure Meeting for the Draft Environmental and Social Impact Sta
The Industrial Development Company Zambia Limited (IDC) is an investments holding company wholly owned by the Government of Zambia. The IDC is mandated to play a catalytic role in deepening and supporting Zambia’s industrialisation capacity to promote job creation and domestic wealth formation across key economic sectors. In view of...