By BARNABAS ZULU THE Industrial Development Corporation (IDC) has entered into a strategic partnership with South Africa-based Mercuria Trading to establish a metal company in Zambia. This was formalised through the signing of a Memorandum of Understanding (MoU), aimed at bolstering the country’s industrial and economic growth. Mr. Cornwell Muleya, IDC’s Chief Executive Officer, shared details of the deal during a media briefing. “As you may know by now, we have a new long-term Strategic Plan that sets the tone for our activities over the next 10 years,” Mr. Muleya said. “On 7th May 2024, the IDC Board approved our 2024-2033 Transformation Strategic Framework. With this plan, our overarching vision is to transform IDC into an investment partner of choice and create a wealth fund.” Mr. Muleya said one of the core elements of the strategic framework is diversifying IDC’s revenue sources. “A key pillar of this transformation is a move to diversify our revenue […]
IDC, SA firm ink deal to set up metal company
