Zambia’s Govt Receives K105.4 Million Dividend from TAZAMA Pipelines
The Government of Zambia has received a dividend of K105.4 million from TAZAMA Pipelines Limited for the financial year ending December 31, 2024, marking a significant milestone in the performance of the state-owned energy infrastructure company.
Speaking at the dividend handover ceremony in Lusaka, Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, MP, praised TAZAMA’s leadership for delivering strong financial results and reaffirmed the Government’s commitment to modernizing the energy sector.
“This dividend represents more than just a financial return,” Dr. Musokotwane stated. “It reflects improved efficiency and governance in one of Zambia’s most strategic infrastructure assets. The funds will support our broader developmental goals.”
TAZAMA reported revenue of K1.4 billion and a net profit of K632 million in 2024, reflecting a 17.5% increase in profitability compared to 2023.
The Minister emphasized the critical role TAZAMA plays in Zambia’s economy by transporting petroleum products from Dar es Salaam, Tanzania, ensuring a stable fuel supply for transport, industry, and public services.
He highlighted the importance of pipelines as the most cost-effective and efficient method for transporting fuel over long distances.
Dr. Musokotwane also announced progress under the TAZAMA Open Access Framework, a key government reform designed to open the pipeline to private fuel suppliers, promote competition, and stabilize fuel prices. Guidelines for third-party access are now available on the Energy Regulation Board’s website.
“TAZAMA’s success demonstrates that with strong governance and private sector involvement, public institutions can be both profitable and impactful,” he concluded.
“This sets a precedent for future state-owned enterprise reforms and private sector-led growth.”
