01/10/2025
IDC LAUNCHES INTRA-GROUP MARKETPLACE
MINISTER of Finance and National Planning, Situmbeko Musokotwane, has reiterated the importance of intra-trade between local companies to build a resilient economy through domestic sourcing.
Speaking during the Industrial Development Corporation (IDC) Intragroup marketplace launch, Dr Musokotwane stated that by promoting internal sourcing, State-Owned Enterprises (SOEs), can be able to navigate shocks, plus return value for the Zambian economy.
The IDC Intra-Group Marketplace, which was developed by Infratel, one of IDC’s subsidiaries, is a digital platform designed exclusively for IDC Group companies to transact with ease, transparently, and efficiently.
In a speech read for him by the Ministry of Finance and National Planning, Director in charge of Local Government and Projects, Mordsen Ruveve, Dr Musokotwane, explained that this approach supports the growth of individual subsidiaries as well as strengthening collective competitiveness.
The Minister further commended IDC’s crucial role in the country’s economic landscape, noting its combined asset base that exceeds K300 Billion by 2024, in addition to reinvesting K1 Billion dividends it received.
Industrial Development Corporation (IDC) Chief Executive Officer, Cornwell Muleya, called for stronger collaborations between IDC Subsidiaries and Investee companies.