State in K5m ZACL dividend

Former Minister of Finance FELIX C. MUTATI

ZAMBIA Airports Corporation Limited (ZACL) has declared a dividend of K5 million to Government with Minister of Finance Felix Mutati challenging other State-owned enterprises (SoEs) to do the same.

The dividend, which is for the period ending December 2016, is K1.5 million higher than one declared for 2015.

Mr Mutati, who disclosed that only five SoEs have been declaring dividends, said it was necessary for all companies to operate profitably and declare dividends unlike the current trend where some parastatals rely on Government bailout.
“Parastatals should not be a burden on the treasury, but should stand on their own feet. ZACL has been declaring profits, so it is possible for other entities to do the same,” he said yesterday, when ZACL presented the…


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