The Zambia Consolidated Copper Mines Investment Holding (ZCCM-IH) has successfully declared a dividend of over Seven Million Kwacha to the National Pension Scheme Authority (NAPSA).
Speaking during the handover ceremony, ZCCM-IH Chief Executive Officer Mabvuto Chipata said the fourth dividend cheque is a fulfilment of the company’s strategic pillars.
He said the Company’s strategic plan is underpinned by a transformative investment agenda aimed at driving sustainable growth for the benefit of all stakeholders.
This Fourth dividend cheque is a demonstration of our commitment to our shareholders for them to get a return on their investment in ZCCM-IH.He said.
Mr Chipata disclosed that the company is widening its footprints in the mining sector by developing new product lines such as Manganese in Central Province, Gold processing in Rufunsa, Mumbwa and Mwiinilunga.
He added that ZCCM-IH is focused on generating consistent and predictable income through investment in brownfield and Greenfield projects while ensuring and maximizing value for its stakeholders.
Meanwhile, NAPSA Director General Yollard Kachinda said the Authority has a fiduciary responsibility to safeguard and grow the members’ funds by engaging in viable investment projects.
He said the Authority will always invest and grow funds in a transparent and prudent manner which will result in a financially sustainable scheme.
NAPSA is one of ZCCM-IH’s key shareholders with a 15% stake and has received approximately 64 Million Kwacha of dividends since 2014.
The Seven Million Nine Hundred Fifty-Nine Thousand Six and Fourteen Kwacha dividend cheque was handed over at NAPSA head office today.
Loretta Ching'andu is a Media and Communication student at the University of Zambia. She is a charismatic leader, public speaker and a seasoned radio and tv presenter. She is a youth, women, good governance advocate and very passionate about the media. Loretta loves to report on community and business news stories, often highlighting on salient issues that affect her and her community. She is a modest but very hard working young lady who consistently sets firm goals for herself. Her other area of interests include the Law and Justice system, Mental health, Sexual Reproductive health, Gender equality and Climate change.
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