IDC Applauds MICCL for Second Consecutive Dividend Amid Strong Financial Performance

Lusaka

The Industrial Development Corporation (IDC) has praised Mulungushi International Conference Centre Limited (MICCL) for declaring its second successive dividend, describing the milestone as a testament to teamwork, discipline, and sustained effort.

IDC Chief Executive Officer, Mr Cornwell Muleya, made the remarks during the official presentation of a dividend cheque amounting to ZMW 15,358,304.50 by MICCL to IDC. Mr Muleya said the dividend reflects MICCL’s continued financial improvement and the Board and management’s commitment to delivering value to shareholders and other stakeholders.

He further highlighted MICCL’s promising growth trajectory, noting that the company’s strategic investment plans are expected to yield significant results. “MICCL’s impact goes beyond conference services, contributing meaningfully to the economy and improving the livelihoods of many Zambians,” he said.

Speaking at the event, MICCL Board Chairperson, Ms Leah Kooma, described the dividend payment as evidence of the company’s dedication to accountability, value creation, and sustainable returns. She revealed that MICCL recorded total revenue of ZMW 127.98 million for the year ending 31 December 2024, exceeding the budgeted ZMW 118.74 million by 7 percent and registering a 24 percent growth from the previous year.

MICCL General Manager, Mr Dennis Moonga, praised the commitment of management and staff, emphasizing that the results reinforce the centre’s position as Zambia’s preferred destination for international conferences, meetings, and high level events