ZCCM-IH Pays K91 Million Dividend to the Government

ZCCM Investments Holdings (ZCCM-IH) has handed over a K91 million dividend to the Ministry of Finance and National Planning, marking a 50 million kwacha increase from last year’s K41 million payout.

Speaking at the handover ceremony in Lusaka, Finance Minister Situmbeko Musokotwane commended the company for delivering strong returns despite past challenges in the mining sector. He described mining as “the cornerstone and driver of the country’s economic growth” and praised ZCCM-IH for its “exemplary performance in managing our strategic investments in the mining sector.”

“Your role as ZCCM-IH in driving economic growth through strategic investments cannot be overemphasised. Government’s priority is to encourage more production and export of minerals, because the more we export, the more revenue we earn, even as we wait for other sectors of the economy to mature into significant export earners,” Dr Musokotwane said.

Presenting the cheque, ZCCM-IH Board Chairperson Phesto Musonda noted that the Ministry of Finance holds a 17.4% stake in the company. “This is part of our ongoing effort to return value to the government based on ZCCM-IH’s financial performance,” he said.

The payment underscores ZCCM-IH’s role as a key contributor to Zambia’s treasury and mining sector growth.

ZCCM-IH’s portfolio spans mining, energy, and other strategic sectors, with significant holdings in copper ventures. Analysts say consistent dividends from the company are boosting investor confidence in Zambia’s mining sector and demonstrating the benefits of strong governance in state-linked enterprises.