NAPSA Receives K3.2m Dividend From BAT Zambia

The National Pension Scheme Authority (NAPSA) has received a K3.2 million dividend from British American Tobacco Zambia Plc (BAT Zambia).

The cheque was presented at a ceremony in Lusaka, where NAPSA Director General Muyangwa Muyangwa said the payment reflected BAT Zambia's continued commitment to creating value for its shareholders.

Mr Muyangwa praised the company for its resilience and strong corporate governance, noting that returns of this kind support the Authority's mandate to grow and safeguard the savings of Zambian workers.

Speaking at the same event, BAT Zambia Board Chairperson Roseta Chabala said the dividend demonstrated the company's commitment to transparency and shareholder value.

As one of the country's largest institutional investors, NAPSA holds stakes in a range of listed Zambian companies, with dividend income forming part of the returns that underpin the national pension fund.