Monday 18th December 2017

IDC appoints new boards for ZESCO and ZAMTEL

THE Industrial Development Corporation (IDC) has appointed new board of directors for Zamtel and Zambia Railways Limited in an effort to transform the two companies into competitive entities.

IDC director general Mateyo Kaluba said in a statement yesterday that the corporation expects the new directors to drive the two companies into profitable units that will regularly declare dividends.

The appointed directors for Zamtel are Claire Limbwabwa, Misheck Lungu, Justin Chola, Bob Musenga, Danny Luswili and Francis Musonda.

Those for Zambia Railways Limited are Gordon Zimba, Nicholas Chikwenya, Gertrude Akapelwa, Evans David Chabala, Linyama Lubinda and Robert Mtonga.

Mr Kaluba said chairpersons for the two boards will be decided in line with articles of association for each company.

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