IDC Group Chief Executive Officer Mr Mateyo Kalubawith ZCCM-IH Chief Executive Officer Dr Pius Kasolo
IDC Group Chief Executive Officer Mr Mateyo Kalubawith ZCCM-IH Chief Executive Officer Dr Pius Kasolo

Zambia Consolidated Copper Mine Investment Holdings (ZCCM-IH) has urged Zambians to engage stock brokers and seek advise on how to acquire shares in ZCCM.

ZCCM-IH Public Relations Officer, Loisa Kakoma has advised the public to seek guidance from stoke brokers on steps to follow to acquire ZCCM shares on the Lusaka Stock Exchange (LUSE).

Ms. Kakoma said that ZCCH IH will soon be holding a meeting to propose the next dividend payment.

ZCCM who last year paid thirteen million dollars to its shareholders has shareholders that include the National Pension Scheme Authority (NAPSA) with 15% shares, Industrial Development Corporation (IDC) with 60.28%, Ministry of Finance with 17.25% and various individuals with shares amounting to 7.5%.

She further advised other companies to list their shares on LUSE as doing so improves cooperate governance.

Meanwhile, National Assembly Deputy Speaker Mwimba Malama is happy that Zambians have started aligning themselves to the Seventh National Development Plan (7NDP) by investing in key sectors of the economy.

Mr. Malama said no one can develop the country if Zambians themselves do not take an interest to do so.

He said Zambia is endowed with abundant land, water and other natural resources which people can take advantage and prudently utilise.

Mr. Malama noted that, it is for this reason that government is encouraging the citizens to utilize these resources and invest.

The Deputy Speaker said this yesterday in Lusaka’s Chikumbi area when he commissioned Kings Palace Academy, a modern boarding secondary school owned by a business entrepreneur, Mike Bumba.

The High School is due to open its doors on 14th January, 2019 and will offer its infrastructure to the first Grades; eight, nine and tens.

Mr. Malama commended the businessman for being among the few Zambians who have responded by investmenting in the education sector.

“No-one will develop this country if we Zambians ourselves don’t. It hates me when Zambians with huge resources go abroad. I therefore, commend Mr. Bumba for this structure,” Mr. Malama said.

And Seventh Day Adventist Church Lusaka Conference president, Edwin Shimunzhila revealed that the school will produce future leaders who will contribute positively to the nation.

Dr. Shimunzhila expressed gratitude that Mr. Bumba has joined hands in improving the education standards in the country

Meanwhile, School Proprietor, Mike Bumba is happy that his energies to contribute to the Zambian economy has bared fruits.

Mr. Bumba commended government for putting in place a conducive environment in supporting government’s 7NDP of not leaving anyone behind.

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10 COMMENTS

    • It hates me when Zambians with huge resources go abroad. I therefore, commend Mr. Bumba for this structure,” Mr. Malama said.
      Ba LT sure. It hates me or It hurts???

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  1. Is there no editor at LT? This is a good piece written by an illiterate listening to people speaking. Mr Malama did not say ‘It hates me when Zambians…..’ as that does not make sense. And Mike Bumba is happy that his ENERGIES to contribute to the Zambian economy HAS BARED fruits. And this in a report about education!

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  2. Why should I buy a share in a company I won by virtue of being a citizen? I find it an elaborate fraud that NAPSA has bought 15% of IDC with money of pensioners in a company that they own as citizens. The profits that ZCCM-IH makes should be used to cushion the ta burden that citizens suffer. Stop playing financial management games. Zambians deserve better!

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    • Zambia politics playing games with the pensioners money. Meanwhile the retirees have not been paid any money from NAPSA because the money was used to buy shares. What a scandal. One wonders whether the retirees will be compensated for not paying them on time and for return on the investment on ZCCM-IH shares.

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  3. I would not advise anyone to buy shares in any Zambian company until corruption and theft are addressed. My Father invested his hard earned money buying shares in Zambian companies to support Zambian businesses because he was Zambian. The dividends were stolen from his bank account and shares kept from his family which contributed deaths in our family including my Mother. The matter is still being addressed over 10 years later and we have all documents to prove ownership. I would not want any Zambian to endure what we have which is why we fight for justice not money. Money can not raise the dead.

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    • I feel sorry for you and your family. And thanks for your advice. I have been debating whether to buy some shares at Lusaka market exchange for some time now.

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  4. Good Mr Bumba, keep it up. In your vision you see good things for your country while trib.als see ans want only evil spirits in their vision.

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  5. #5 Zambian, please advise if you are trib.al. If you are, the meaning of your comments chang. As you know all trib.als think upside downn.

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