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Wednesday, August 12, 2020

Zambia Airports Corporation declares K3.5 million dividends to Government

Economy Zambia Airports Corporation declares K3.5 million dividends to Government

Tourists and UNWTO delegates line up to have their travel documents checked inside the arrival hall of the new international terminal building in Livingstone
FILE: Tourists arrival at
international terminal building in Livingstone

The Board of Directors approved and declared a dividend of three million five hundred thousand Kwacha for the financial year ending 31st December, 2015 to be paid to the Shareholder, the Government of the Republic of Zambia.

Zambia Airports Corporation Limited has seen profits steadily increase over the past few years after a turbulent period which saw passenger numbers decline as a result of the economic downturn and outbreaks of diseases such as the Ebola virus.

This was heard during the Corporation’s 23rd Annual General Meeting held on Thursday 27th October, 2016.

The Corporation says these negative factors were however cushioned by the opening of new routes and arrival of global brands such as Emirates Airlines and expansion of routes by operators such as South African Airlines, Kenya Airways, Ethiopian Airlines and Proflight Zambia.

The Corporation says it expects to continue on this path as it expects the introduction of yet another global brand, Qatar Air, scheduled to commence flights in 2017.

“ZACL has also seen continued growth in both passenger and freight traffic. A total of sixteen (16) scheduled passenger airlines, five (5), Charter operators and four (4) cargo operators connect the four international airports managed by the Corporation,” says Corporation Spokesperson Mweembe Sikaulu in a statement.

Ms Sikaulu said the Corporation has invested heavily in the ongoing infrastructure developmental projects that will see Kenneth Kaunda International airport become the next regional hub, competing with the likes of OR Tambo International Airport in Johannesburg, South Africa and Jomo Kenyatta International Airport in Nairobi Kenya.

3 COMMENTS

  1. One of the tiny fractions of parastatals making profits. ZANACO and Kagem are the other firms, though not wholly owned by the government. Sadly ZAMTEL is a drain, still surviving on govt grants despite operating in a fertile industry.

  2. An airport can only be hub by virtue of value added services and not location and “talk shows”. I.e. Engineering, catering services, fuelling, aviation awareness, modern radar systems. Nairobi, Addis, Lome, Johannesburg have these things in place

  3. Please give us a break down…how can you become a hub when schedules will be disrupted by our Lazy President and his cadres every time he flies in and out.

Comments are closed.

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