Industrial Development Corporation (IDC) has unveiled a new board after the dissolution of the previous board.
According to a statement issued by the IDC, the new board will be chaired by President Hakainde Hichilema, the appointments are with immediate effect.
A new Board of Directors for the Industrial Development Corporation (IDC) has been appointed with immediate effect.
The new Directors are:
1. Hon. Dr. Situmbeko Musokotwane, MP., Minister of Finance and National Planning
2. Hon. Mr. Reuben R. Mtolo Phiri MP., Minister of Agriculture
3. Hon. Mr. Chipoka Mulenga, MP., Minister of Commerce, Trade and Industry
4. Mr. Felix Nkulukusa, Secretary to the Treasury
5. Mrs. Chawe P.M. Chuulu, Permanent Secretary – Ministry of Commerce Trade and Industry
6. Mrs. Beatrice Nkanza
7. Mr. Windu Cassius Matoka
8. Mr. Arthur Ndhlovu
9. Mr. Nitesh Patel
10. Mr. Edson Mweemba Hamakowa
11. Ms. Lynda Mataka
The IDC Board is chaired by President Hakainde Hichilema.
Hahaha I have laughed. The same hh who continues to sit on various company boards whilst president of a country. A lot of corruption under upnd
Another poorly written article ..hasn’t IDC Board not always been chaired by the Head of State? What is new about this board too many politicans? Make comparisons with the old board under Lazy Lungu. Journalist have no pride in their profession anymore.
Just watching. Let them do what they want to do with us.
So the IDC board is actually just another cabinet meeting? Not very impressive. The cabinet has been in place for 7 months now and has achieved exactly NOTHING
So how is this different from Kaunda chairing the ZIMCO Board in 1977?
What? The President and his ministers are now running state businesses. What is going on!!
We are in new dawn government and anything is possible. This is pure one man show controlling every state entity. Are we safe or we are sinking as a country.
Friends the law creating the IDC provides for who sits on the Board and indeed it is chaired by the President all those ministries mentioned..it was designed to move swiftly, not deprive it of resources….so its in order…
I think we should move away from having too many politicians on the IDC board, there is no harm for it to chaired by the president but there is everything wrong when its all politicians involved. Lets those who can be held accountable once they don’t perform. The past must teach us something for example the Mukula scandals which implicated most politicians. I hope this new board will be different from the past one in terms of service delivery to the nation.
Anyway enjoying the SONA.
I don’t like the idea of the President sitting on IDC board. Change the law urgently.
Much competent IDC board than a board where Sikazwe, cholaboy of ECL only knew how to laugh and embarassingly smile all over.
Did Lungu deligate ?
It is not right for the President to sit on a Parastetal board.
If I am right, IDC falls under ministry of Finance, and the board chair should be reporting to the PS Finance. So how does the President report to the PS? And in the article there is no reference to the person who has appointed this board. Find independent Zambians to sit on that Board not cabinet yamene mwatipasa iyo.
Imwe ma Saboteurs, mulekeni abombe! Emwene we filimu.
The privatization boys are back to continue from where they ended. At the end of his term in 2026, we shall remain with skeletons. bear in mind also that BMW hasn’t declared his assets before the competent court and so it will be tough to accuse or pin him down for having stolen after leaving office in 2026.
This is welcome except it needed representations tat should reflect all key sectors of the economy to lead industrialisation stratergy from Financials Textile Agro Auto infrastructure media and information Tourism and hospitality medicals and pharma Educational and learnings to drive the economic transformation through IDC The current setup could be enhanced to SECTORIAL with the PS in respective ministry vice chair and the presidency to assume fair of those to effect successfully
There is no problem with HH chairing the board of directors at IDC because he’s in the driver’s seat. However, the appointment of politicians to the board is somehow questionable.