Zamcargo Declares ZMW9.8 Million Dividend Following Strong Growth Performance
Zamcargo has declared a dividend of ZMW9.8 million to its shareholder, the Industrial Development Corporation, for the 2025 financial year, marking a 200 per cent increase from the previous year.
Board Chairperson Joseph Chikolwa attributed the strong financial performance to a successful strategic turnaround that has transitioned into sustained growth. He said the company’s trajectory in 2025 had moved “beyond recovery into sustained growth.”
Mr Chikolwa revealed that Zamcargo recorded a 53 per cent increase in revenue, rising from ZMW152.06 million in 2024 to ZMW181.05 million in 2025, driven by higher cargo volumes and improved operational efficiency across its logistics network.
Net profit also grew significantly, increasing by 66 per cent from ZMW21.5 million in 2024 to ZMW27.8 million in 2025, reflecting both expanded operations and disciplined cost management.
He said the board recommended the ZMW9.8 million dividend in line with the company’s commitment to delivering sustainable returns while maintaining a prudent reinvestment strategy to support future growth.
Looking ahead, Zamcargo 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 and commencing cargo handling operations at Tanga port.
The company is also planning the development of a dry port in Kapiri-Mposhi, the Kwala Dry Port in Tanzania, and infrastructure upgrades at its facility in Walvis Bay.
Zamcargo is further expected to benefit from a government policy mandating the use of its services by public institutions, which is anticipated to provide a steady pipeline of cargo volumes and support future revenue growth.
Meanwhile, Cornwell Muleya, Chief Executive Officer of the Industrial Development Corporation, commended the board and management for restructuring and expanding the company. He said the dividend would ultimately benefit the Zambian people.
The performance highlights Zamcargo’s growing role in strengthening Zambia’s logistics and trade infrastructure while contributing to national economic development.
