NAPSA RECEIVES K3.2 MILLION DIVIDEND FROM BAT ZAMBIA
The National Pension Scheme Authority (NAPSA) has received a dividend voucher worth K3.2 million from British American Tobacco Zambia Plc (BAT Zambia), underscoring the value of the Authority's long-term investment strategy.
Speaking during the voucher presentation at NAPSA Head Office, Director General Mr. Muyangwa Muyangwa said the dividend reflects BAT Zambia's strong performance and commitment to creating shareholder value. He noted that such returns contribute directly to the growth of members' funds and support NAPSA's mandate of safeguarding workers' retirement savings.
NAPSA currently holds 6.39 million shares in BAT Zambia, an investment that has appreciated from K35.9 million to K81.0 million and generated cumulative dividend income of K12.8 million.
BAT Zambia Board Chairperson Ms. Roseta Chabala reaffirmed the company's commitment to transparency, strong governance, and sustainable value creation for shareholders.
The engagement highlighted the strong partnership between the two institutions and their shared commitment to long-term growth and value creation.
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