ZCCM-IH PAYS DIVIDEND TO MOFNP

By Daily News Reporter

ZCCM Investments Holdings Plc (ZCCM-IH) has delivered a K41.6 million dividend cheque to the Ministry of Finance and National Planning, for the 2023 financial year. The Ministry holds a 17.4% stake ZCCM-IH on behalf of the Zambian government.   

Speaking during Cheque presentation to the Ministry of Finance and National planning in Lusaka, ZCCM-IH Chief Executive Officer, Dr Ndoba J.Vibetti stated that ZCCM-IH shareholders approved a total of K243 million for the 2023 and out of this k243 million, K146 million went to the IDC, K36.4 million to NAPSA, K41.6m to MoFNP and the balance of K18.3 million to minority shareholders who hold a 7.4% stake in ZCCM-IH. This follows a profit of K4.84 billion recorded at company level for the 2023. 

(https://fisrtnews247.blogspot.com)

He added that for almost a decade, ZCCM-IH has been consistent in paying dividends, and shareholders have received in total more than K1.6 billion.

And Minister of Finance Dr Situmbeko Musokotwane has commended ZCCM-IH for their effort and hard work in keeping the Company on a profitable path.

“We hope to see sustained growth in the Company and much bigger dividends to come in the future considering the bright prospects in the industry. Moving forward, we are hopeful to see ZCCM-IH’s increased participation in the mining sector in other strategic and critical minerals.” Musokotwane said.

He further urged State-Owned Enterprises that are facing profitability challenges to emulate the performance of ZCCM-IH by being more creative and working hard at turning around their institutions to sustained viability and profitability.

Government is commitment to continue providing a conducive environment for better performance of State-Owned Enterprises, through right policies.

For the past ten (10) years the ministry of finance has received K283 million from the Group.He added that for almost a decade, ZCCM-IH has been consistent in paying dividends, and shareholders have received in total more than K1.6 billion.

And Minister of Finance Dr Situmbeko Musokotwane has commended ZCCM-IH for their effort and hard work in keeping the Company on a profitable path.

“We hope to see sustained growth in the Company and much bigger dividends to come in the future considering the bright prospects in the industry. Moving forward, we are hopeful to see ZCCM-IH’s increased participation in the mining sector in other strategic and critical minerals.” Musokotwane said.

He further urged State-Owned Enterprises that are facing profitability challenges to emulate the performance of ZCCM-IH by being more creative and working hard at turning around their institutions to sustained viability and profitability.

Government is commitment to continue providing a conducive environment for better performance of State-Owned Enterprises, through right policies.

For the past ten (10) years the ministry of finance has received K283 million from the Group.

(Copyrights Reserved)