Cumulative investment value within zone now stands at approximately $2.04bn
TRYNESS TEMBO
Lusaka
LUSAKA South Multi-Facility Economic Zone Limited (LS-MFEZ) has declared a K10.4 million dividend to its shareholders following strong financial and operational performance recorded during the 2025 financial year.
The total cumulative investment value within the zone now stands at approximately US$2.04 billion, underscoring LS-MFEZ’s growing role in driving industrial development and economic growth in Zambia.
This marks the fifth dividend declaration by the company.During the period under review, the company recorded revenue of K151.19 million, representing a three percent increase from the K146.78 million recorded in 2024.
According to a statement yesterday, the company’s gross profit rose to K89.6 million in 2025, up from K80.6 million in 2024, reflecting improved operational efficiency.
“The company recorded an operating profit of K20.1 million compared to K31.2 million in 2024, while net profit stood at K23.2 million, compared to K29.1 million recorded in the previous year,” the statement reads.
Speaking during the company’s sixth annual general meeting (AGM), LS-MFEZ board chairperson Boster Chiyaba said the company is delighted to once again declare dividends, noting that it has exceeded its own performance standards.
Mr Chiyaba said the detailed annual report, which has since been published, clearly demonstrates the company’s performance and progress in strengthening the zone into a commercially viable and sustainable enterprise.
He assured shareholders of the board’s commitment to sustaining the company’s upward trajectory, with a target of achieving above 90 percent performance against set targets.
Mr Chiyaba added that the achievements recorded during the year were the result of collective efforts by the board, management and staff, who worked as a team to deliver strong results.
And LS-MFEZ acting managing director Inonge Noyoo-Gondwe highlighted several key milestones achieved during the year.
Ms Gondwe noted that the zone recorded significant commercial expansion, including the onboarding of Indo Zambia Bank as the zone’s first commercial investor, with construction of a fully fledged banking facility expected to commence this year.
She also highlighted progress in strengthening infrastructure to support industrial growth.
Ms Gondwe cited the Libala Water Works Project, for which the company secured K49 million in financing to construct a bulk water pipeline. This project will significantly enhance water supply capacity to meet increasing industrial demand within the zone.
She said investor confidence continues to drive growth, with 28 new investors onboarded and 118 hectares of land allocated in 2025, further consolidating LS-MFEZ’s position as a leading industrial hub.
“These investments translated into significant employment opportunities, with over 5,000 jobs created during 2025, bringing the total number of jobs created within the zone to 39,000 to date. Currently, the zone has 39 industries operating, while 19 investors are constructing their facilities,” Ms Gondwe said.
On the outlook, she said the company’s 2026 priorities will focus on accelerating strategic initiatives aimed at strengthening revenue growth and improving service delivery.
These include the operationalisation of power distribution services within the zone, following the granting of a power distribution licence by the Energy Regulation Board (ERB) and the signing of a 10-year power purchase agreement with Zesco Limited.
Ms Gondwe said the company will also advance the development of warehouse infrastructure, with construction expected to commence once approvals are finalised. This is part of efforts to diversify revenue streams and enhance support services for investors.
“The Lusaka South Multi Facility Economic Zone remains well positioned to continue playing a critical role in Zambia’s industrialisation agenda by attracting investment, creating employment, and supporting sustainable economic growth,” she said.
