Zamcargo, a freight and forwarding company wholly owned by the Industrial Development Corporation (IDC), has declared a dividend of ZMW9.8 million to its shareholder for the 2025 financial year, a 200% increase from its 2024 declaration.
Board Chairperson Mr. Joseph Chikolwa attributed the company’s strong financial performance to a strategic turnaround that has now transitioned into sustained growth, noting that the company’s trajectory in 2025 moved “beyond recovery into sustained growth.”
Mr. Chikolwa said the company recorded a 53% increase in revenue, rising from ZMW152.06 million in 2024 to ZMW181.05 million in 2025. This growth was driven by higher cargo volumes and improved operational efficiency across its logistics network. Net profit also saw a significant boost, climbing 66% from ZMW21.5 million in 2024 to ZMW27.8 million in 2025, reflecting both increased scale and disciplined cost management.
He said due to this performance, the board recommended the ZMW9.8 million dividend in line with Zamcargo’s commitment to delivering sustainable returns to its shareholder while maintaining a prudent reinvestment strategy to support future growth.
Looking ahead, the company is entering a structured expansion phase aligned with its long-term investment strategy. Key projects include increasing capacity at its Mukuba depot in Dar es Salaam, Tanzania, and commencing cargo handling operations at Tanga, the country’s second port.
Further expansion plans involve the development of a dry port in Kapiri-Mposhi, the Kwala Dry Port in Tanzania, and infrastructure upgrades at its existing facility in Walvis Bay, Namibia. Zamcargo also expects to benefit from the government’s policy mandating the use of its services by public institutions, which will provide a strong and reliable pipeline for future cargo volumes and revenue growth.
IDC CEO Mr Cornwell Muleya commended the board and management of Zamcargo for restructuring and growing the company to achieve greater milestones.
Mr Muleya said the dividend would be put to good use for the benefit of the Zambian people.
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