Tazama Pipelines Declares Over K120 Million Dividend to Zambia as Profit Exceeds K180 Million
Tazama Pipelines Reports Strong Financial Results, Declares Major Dividends to Zambia and Tanzania
Tazama Pipelines Limited has declared a dividend of more than K120 million to the Government of Zambia, reflecting strong financial performance for the reporting period.
Board Chairperson Professor Ephraim Munshifwa announced that the Government of Tanzania will also receive over K60.1 million in dividends, underscoring the cross-border nature of the pipeline company’s ownership structure.
Professor Munshifwa further disclosed that the company recorded a profit exceeding K180.5 million during the period under review, highlighting improved operational efficiency and financial stability.
Speaking in Lusaka during the official presentation of dividends to the Ministry of Finance and National Planning, he noted that more than K541.7 million has been retained within the company.
These retained earnings are intended to support future investments, strengthen operational capacity, and sustain long-term growth.
Meanwhile, Acting Secretary to the Treasury Mwaka Mukubesa emphasized that the dividend reflects the significant contribution of state-owned enterprises to national economic performance and value creation.
The results reinforce Tazama Pipelines’ role as a key infrastructure asset in the regional energy and petroleum transport sector, while demonstrating continued fiscal returns for both Zambia and Tanzania.
