The Lusaka South Multi-Facility Economic Zone (LS-MFEZ) has declared a dividend of K10.2 million to the Industrial Development Corporation (IDC) for the 2024 financial year. This marks the Zone’s fourth consecutive dividend and reflects a sixfold increase from last year’s K1.5 million payout.

LS-MFEZ Board Chairperson Mr. Boster Chiyaba attributed the strong financial performance to prudent measures adopted by the Board and Management in executing the company’s strategic plan.

“We are pleased to present this dividend cheque. This moment affirms that your investment is generating tangible returns,” said Mr. Chiyaba.

IDC Chief Executive Officer, Mr. Cornwell Muleya, described the dividend as a clear indication of the return on investment made by the Zambian people through the IDC.

He commended the LS-MFEZ leadership for consistently delivering results over the past four years through the implementation of a robust business strategy.

“The people of Zambia have entrusted us with a mandate, and we must deliver on it diligently. We commend the strategies you have implemented to achieve the growth we are celebrating today,” Mr. Muleya said.

He further expressed confidence in LS-MFEZ’s capacity to sustain its strong performance and continue declaring annual dividends.