ZCCM-IH RECORDS K107 MILLION LOSS
ZCCM Investment Holdings has recorded a loss of 107 million kwacha in 2019 compared to 433 million kwacha profit in 2018.
ZCCM-IH Chief Financial Officer Chilandu Sakala has attributed the loss to decreased dividends investee companies such as Kansanshi Mine.
And ZCCM-IH Chief Executive Officer Mabvuto Chipata says the Holding has devised strategies that will elevate it from being a minority shareholder to a significant minority shareholder.
Mr. Chipata has also revealed that a company called ZCCM Gold Company Limited has been formed to harness the Zambian gold sector.