ZCCM-IH Distributes Dividends to Shareholders Following Strong 2024 Performance
ZCCM Investments Holdings Plc (ZCCM-IH) has distributed dividend cheques to its key shareholders, including the Ministry of Finance and National Planning, the National Pension Scheme Authority (NAPSA), and the Industrial Development Corporation (IDC), following a strong financial performance in 2024.
The dividend allocations were K91 million to the Ministry of Finance and National Planning, K319 million to the IDC, and K79 million to NAPSA. An additional K40 million was paid to minority shareholders holding a 7.4% stake in ZCCM-IH. These payments follow a company-level profit of K40 billion for the year.
Speaking on the payout, Minister of Finance, Hon. Situmbeko Musokotwane, said: “This dividend cheque is a testament to the Government’s commitment to advancing sustainable economic development in Zambia.” IDC Group CEO, Cornwell Muleya, added: “These earnings strengthen our capacity to drive national industrialisation,” while NAPSA Finance Manager, Mr. Lekani Banda, noted: “Our investment in ZCCM-IH continues to deliver value for our members.”
ZCCM-IH Board Chairperson, Mr. Phesto Musonda, attributed the company’s consistent ability to declare dividends to its resilience and profitability over the years. Mines and Minerals Development Minister, Hon. Paul Kabuswe, emphasised the pivotal role of the mining sector in driving Zambia’s economy.
The 2024 dividend marks the tenth consecutive year that ZCCM-IH has rewarded shareholders, bringing the total dividends paid since 2015 to K2.2 billion.
