ZCCM-IH says K1.6 billion paid as dividends to stakeholders since 2015, as IDC, NAPSA, others benefit

ZCCM-Investment Holdings (ZCCM-IH) has paid over K1.6 billion in dividends to all stakeholders since 2015, attributing this to the company’s consistent positive performance, resilience and profitability over nearly a decade.

The company has also handed over a dividend cheque of K41.6 million to the Ministry of Finance and National Planning, which holds a 17.4 percent stake in the company on behalf of the Zambian government.

The cheque was presented by ZCCM-IH Chief Executive Officer, Dr. Ndoba Vibetti, to Finance and National Planning Minister Dr. Situmbeko Musokotwane in Lusaka on Tuesday.

Additionally, ZCCM-IH distributed two dividend cheques totaling K182 million to its other stakeholders, the Industrial Development Corporation (IDC) and the National Pension Scheme Authority (NAPSA).

“On Monday, we delivered two dividend cheques totaling K182 million to the IDC and NAPSA.

“We extend our gratitude to the Ministry of Finance for its unwavering support in our endeavor to create sustainable wealth for the benefit of the Zambian people and all our shareholders,” Vibetti said.

Read More: ZCCM-IH pays out K36 million dividend to NAPSA for year ending December 31, 2023

Looking ahead, Vibetti expressed optimism about ZCCM-IH’s future, highlighting the productive activities of its portfolio companies, including Kansanshi Mining Plc, Mopani Copper Mines, CNMC Luanshya, NFC Africa Mining, Lubambe Copper Mines, Konkola Copper Mines, Maamba Energy Ltd and Copperbelt Energy Corporation.

These projects are focused on expanding production, particularly in copper mining and energy.

“These developments will substantially contribute to the country’s economic growth and align with the government’s vision to elevate Zambia’s yearly copper production to 3 million metric tonnes by 2032,” Vibetti stated.

Finance Minister Musokotwane echoed this optimism, noting government’s anticipation of more investments from ZCCM-IH and the revival and expansion of the Cobalt mine on the Copperbelt and Lubambe, where ZCCM-IH has interests.

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