Wed, 10 May 2017 10:25:16 +0000 By BUUMBA CHIMBULU THE transfer of 100 percent ZSIC General Insurance Limited shares to the Industrial Development Corporation (IDC) have been finally concluded with the two entities currently working on the capitalization process of the insurance firm. The two companies are however yet to determine how much will be injected in ZISC General Insurance Limited. This development came to light at a media briefing in Lusaka yesterday where ZISC management disclosed that the transfer of 100 percent shares and subsequent recapitalization of the company will enhance operational efficiency. ZSIC General Insurance Limited chairman, Justin Chisulo, emphasised that the transfer of shares to IDC would not affect the operations of the company. “I wish to state that the operations of ZISC General Insurance Limited have not in any way been affected nor will there be any disruption whatsoever to the operations of the company. “We are still a 100 percent […]
