ZCCM-IH Pays K183 Million Dividend to Shareholders
By Alain Kabinda
ZCCM Investments Holdings Plc (ZCCM-IH) has distributed approximately K183 million in dividends to shareholders for the 2025 financial year, continuing a run of 11 consecutive years of dividend payments.
Shareholders approved a final dividend of K1.13 per share at the company’s Annual General Meeting on September 11. At the presenting the Dividend Cheques at ZCCM-IH in Lusaka, ZCCM-IH Board Chairperson Mr. Phesto Musonda said K110 million will go to the Industrial Development Corporation (IDC), K32.2 million to the Ministry of Finance and National Planning, and K27 million to the National Pension Scheme Authority (NAPSA). About K14 million is to be shared among approximately 5,000 other shareholders in Zambia, London and Paris.
Mr. Musonda also said that ZCCM-IH had returned approximately K2.4 billion to shareholders since 2015. Although this year’s dividend is smaller than last year’s record payment, the company’s investment income—the key measure of its performance—rose by 40% in 2025.
He attributed the lower dividend to a full provision for a legacy legal matter and the stronger kwacha, which reduced the local-currency value of the company’s dollar-earning assets. He added that the dividend was funded by cash generated from investments, not by borrowing or selling assets.
He also pointed to income from the Kansanshi royalty, maiden dividends from Maamba Energy and a strong payment from Copperbelt Energy Corporation. In April, ZCCM-IH repaid US$150 million to Glencore, settling its legacy debt, and its market valuation passed US$1 billion.
And Ministry of Finance and National Planning Permanent Secretary Economic Management and Investments Mr. Mulele Mulele representing the Minister of Finance Dr. Situmbeko Musokotwane, receiving the Ministry’s dividend congratulated the company’s board, management and staff. He said the payment would contribute to government revenue used to support development priorities such as education, health and infrastructure.
Mr. Mulele also urged ZCCM-IH to maintain commercial discipline and sound governance, while growing its investment portfolio and supporting mineral value addition, local participation and job creation.
Mr. Mulele added that the dividend payment is a positive demonstration of the importance of prudent investment management, sound corporate governance and accountability in ensuring that Government investments generate tangible financial returns for the benefit of the Zambian people.
He said that the Ministry recognizes the efforts undertaken to strengthen the company’s investment portfolio, improve financial performance and advance its strategic objectives. These efforts are important in building a resilient and commercially sustainable institution capable of delivering consistent returns over the long term.
However, while dividend payments are an important measure of performance, Government expects ZCCM-IH to continue focusing on the overall growth, quality and profitability of its investment portfolio. The company’s success must also be reflected in sustainable asset growth, improved operational performance and a stronger contribution to the national economy.
Mr. Mulele urged ZCCM-IH to remain an important investment vehicle in Zambia’s mining and energy sectors, with significant potential to contribute to economic growth, employment creation, foreign exchange generation and domestic revenue mobilisation.
And the company need to continue pursuing commercially viable investment opportunities, strengthening its portfolio performance and promoting value addition within the mining sector.
Ministry congratulated ZCCM-IH for its achievement and encourages the Board and Management to build on this progress by strengthening corporate governance, improving financial performance and ensuring sustainable returns to shareholders.
The dividend payment of K31,181,987 is a welcome contribution to Government revenue and an important reminder of the value of effective management of public investments.
“Our collective responsibility is to ensure that Government investments are managed prudently, commercially sustainably and in a manner that contributes meaningfully to Zambia’s economic transformation and national development,” Mr. Mulele said.
Looking ahead, the chairperson said the company plans to expand its role in mining and energy investment, help formalise small-scale gold mining and develop exploration licences into producing mines.

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