he National Pension Scheme Authority (NAPSA) has received a K3.2 million dividend cheque from the British American Tobacco Zambia PLC (BATZ)
NAPSA Director General Muyangwa Muyangwa commended BATZ, saying the dividend reflects BAT Zambia’s continued commitment to creating value for its shareholders.
Speaking today during the dividend cheque presentation at NAPSA Head Office in Lusaka, Mr Muyangwa said NAPSA values companies that consistently deliver sustainable returns while maintaining strong governance and sound business fundamentals.
“Today’s cheque presentation is a demonstration of the value that can be created through prudent investment, strong corporate performance and a shared commitment to long-term growth.
He explained that BATZ has been a valued component of NAPSAs portfolio and a good example of how long-term investments can create sustainable value.
“As at the end of May 2026, NAPSA held a little over six million shares in BAT Zambia. This investment has appreciated significantly from an initial purchase consideration of K35.9 million to K81.0 million.
In addition, it has generated cumulative dividend income of K12.8 million,” he said.
Mr Muyangwa emphasised that the results are encouraging and demonstrate the importance of investing in companies with strong governance, sound business fundamentals and a clear focus on delivering shareholder value.
And speaking at the same event, BATZ Board Chairperson BATZ Roseta Chabala said today’s dividend presentation reflects commitment to transparency, good governance and also long-term value creation for its shareholders.
Ms Chabala noted that for over sixty years now, the business has grown amid the good and challenging economic conditions.
“The 2025 financial year was characterised by a recovering yet fragile operating environment. While the macroeconomic environment began to improve, we faced significant challenges due to the unpredictable fiscal policies, regulatory uncertainties and illicit trade,” Ms Chabala said.
She explained that during BATZ 64th Annual General meeting held in March this year, the shareholders approved a final dividend of K0.5 per share, amounting to a total of K105,489,000, an 11% increase compared to the previous 2024 financial year which translates into the dividend amount of K3.197,218.5 million Kwacha presented.
Ms Chabala said BATZ remains committed to delivering sustainable returns to its shareholders.
Meanwhile, BATZ Country Director Mukubesa Maliande assured NAPSA that their investment in BATZ is safe, as demonstrated by the dividend presentation.
