Q FM Africa's Modern Radio
The National Pension Scheme Authority (NAPSA) says it expects to close its investment portfolio in the country at K27 billion by the end of 2018.
NAPSA Board of Trustees Chairperson, Marian Munyinda says the Authority’s investment portfolio currently stands at K25 billion.
Ms. Munyinda says NAPSA’s investment portfolio by the 31st of December this year will represent 10 percent of Zambia’s entire Gross Domestic Product (GDP).
She says as a result of this significant growth in investments, the Authority has as of 30th July received approximately K30.2 million in paid dividends from the 15 companies NAPSA has invested in.
Ms Munyinda was speaking when Zambia Consolidated Copper Mines- Investment Holdings (ZCCM-IH) presented a K20.3 million dividend cheque.
And speaking earlier, ZCCM-IH Chief Executive Officer, Pius Kasolo said the paid dividend is from the profit his company made in the 2017 financial year of nearly K728 million.
Dr. Kasolo says ZCCM has turned around from being a lose making to a profit making company.
He says the change from lose to profit making is about 125 percent turn around which now enables the company to adjust its dividends policy payout from 20 percent to 25 percent.