Name: Industrial Development Corporation (IDC) - Lusaka - Zambia
Address: 61 Independence Avenue, Prospect Hill, Lusaka, Lusaka Province, Zambia
Telephone: +260 21 1843567

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The Industrial Development Corporation (IDC) Limited is a State-Owned Enterprise (SOE) charged with the mandate to spearhead the Zambian Government’s commercial investments agenda aimed at strengthening Zambia’s industrial base and job creation.

The IDC was incorporated in January 2014 and is wholly owned by the Government through the Minister of Finance pursuant to the Minister of Finance (Incorporation) Act Cap 349 of the Laws of Zambia.

The IDC was established to create and maximise long-term shareholder value as an active investor and shareholder of successful state-owned enterprises, as well as undertake industrialisation and rural development activities through the creation of new industries.

The IDC’s corporate strategy of 2017 outlines the company’s strategic focus during the next five years. It also outlines the role the IDC will play in the industrialisation agenda for the country. Using this plan, the IDC will position itself to be Government’s principal special purpose vehicle for industrialisation and investment acceleration.

Our products / services (list)

To reposition all State-Owned Enterprises through improved management, financial viability, and sustainability and bring loss-making entities to profitability;
To catalyse private sector investment by co-investing in business ventures with the private sector across the forestry, fisheries, agro-processing, renewable energy, mining value addition and tourism sectors;
To identify and undertake high risk investments that add value to the country’s natural resources;
To ensure a balanced and secure return on investment and enhance the capacity of the Corporation to deliver growth to the portfolio;
To enhance the legal, institutional and group oversight framework in accordance with the tenets of good corporate governance; and
To identify and mitigate risks in the group portfolio and strengthen the credibility and creditworthiness of the Corporation.