Zambia Railways Limited has declared a One hundred thousand Kwacha dividend to the Industrial Development Corporation- IDC.
This is the first time the company is declaring a dividend from the time the concession of the company to Railway systems of Zambia was cancelled.
Zambia Railways Board Chairperson Lubinda Linyama says the company has pledged transparency and accountability in all its dealings.
Mr. Linyama says the company also intends to be profitable and play its role in supporting the country’s industrialization policy to promote key economic development.
He says progress is being made to ensure the translation of SI number seven that requires heavy and bulk cargo to be transported by rail is properly implemented.
Mr. Linyama says with several measures being put in place, Zambia Railways will work towards achieving its target of eight hundred thousand tonnage and revenue of 23 million United States Dollars by the end of 2018.
He was speaking in Lusaka today during the handover of the One hundred thousand Kwacha cheque for the dividends of 2014 to the Industrial Development Corporation- IDC.
And IDC Chief Executive Officer Mateyo Kaluba said the corporation expects all State-owned enterprises to play their role and make profits.
Mr Kaluba said this in a speech read on his behalf by IDC board Member Geoffery Sakulanda.
He said State Owned Enterprises must step up and show commitment towards making profits.