ZCCM Investments Holdings Plc (ZCCM-IH) has handed over dividend cheques to the Ministry of Finance and National Planning, the National Pension Scheme Authority (NAPSA), and the Industrial Development Corporation (IDC) for the 2024 financial year, reflecting the company’s strong financial performance and consistent value delivery to shareholders.
The dividend payouts were as follows:
- Ministry of Finance and National Planning – K91 million. Minister of Finance, Hon. Situmbeko Musokotwane, described the dividend as “a testament to the Government’s commitment to advancing sustainable economic development in Zambia.”
- Industrial Development Corporation – K319 million. IDC Group CEO, Cornwell Muleya, noted that “these earnings strengthen our capacity to drive national industrialisation.”
- National Pension Scheme Authority – K79 million. NAPSA Finance Manager, Mr. Lekani Banda, said, “Our investment in ZCCM-IH continues to deliver value for our members.”
An additional K40 million was distributed to minority shareholders holding a 7.4% stake in the company. The total dividend follows a company-level profit of K40 billion for the 2024 financial year.
ZCCM-IH Board Chairperson, Mr. Phesto Musonda, attributed the consistent dividend declarations to the company’s resilience and sustained profitability over the years. He highlighted strategic investments, prudent management, and strong operational performance as key factors supporting continued returns to shareholders.
Mines and Minerals Development Minister, Hon. Paul Kabuswe, underscored the mining sector’s central role in driving Zambia’s economy, pointing to the dividend payouts as evidence of the sector’s contribution to national development.
The 2024 dividend marks ZCCM-IH’s tenth consecutive year of rewarding shareholders. Since 2015, the company has paid a total of K2.2 billion in dividends, demonstrating a decade-long track record of financial stability and commitment to shareholders.
The latest dividend payments reinforce the importance of state-owned enterprises in supporting economic growth, funding industrialisation, and delivering tangible value to both government and private investors in Zambia.