ZNBS Pays K15M Dividend to Gov’t, Unveils New Strategic Plan
The Zambia National Building Society (ZNBS) has declared and paid a K15 million dividend to the Government for the 2024/2025 financial year, signalling robust financial performance and sustained commitment to delivering shareholder value.
Speaking during the official handover ceremony, ZNBS Board Chairman Geoffrey Samukonga said the dividend payout reflects the institution’s resilience and prudent financial management despite prevailing economic challenges.
He commended the Government for reinvesting a significant portion of the profits into a new Tier 1 Core Banking System, which will enhance operational efficiency and digital service delivery.
Mr. Samukonga also highlighted ZNBS’s role in developing a Constituency Development Fund (CDF) Management System, which is helping local councils improve loan governance and recovery processes.
As part of its forward-looking strategy, ZNBS has launched its 2025–2028 Strategic Plan built on five key pillars:
- Digital Transformation and Efficiency
- Client Experience
- Sustainable Financial Performance
- Affordable Housing Development
- Employee Development and Cultural Transformation
The Society reaffirmed its dedication to transparency, innovation, and long-term value creation to support national development goals.
Finance and National Planning Minister Dr. Situmbeko Musokotwane, who received the dividend cheque on behalf of the Government, praised ZNBS’s consistent profitability and strong performance.
He acknowledged the Society’s leadership in providing Zambia’s lowest mortgage rates and its continued alignment with national objectives, including the National Housing Policy, the 8th National Development Plan, and Sustainable Development Goal 11, which promotes inclusive, safe, and sustainable cities.
Dr. Musokotwane also commended ZNBS for its ongoing housing development projects, including the Kwathu Housing Estate in Chilanga and the Garden Housing Estate in Mansa, describing them as significant steps toward improving urban housing availability.
He further pledged Government support for the Society’s initiatives, particularly its efforts to secure low-cost financing to scale affordable housing and digital infrastructure.
In closing, the Minister extended gratitude to the ZNBS board, management, and staff for their contributions and encouraged the institution to continue its strong performance and improve future dividends.
