The National Pension Scheme Authority (NAPSA) has received its first-ever dividend cheque of K5.8 million from Zambia Industrial Commercial Bank (ZICB), where NAPSA holds a 65% stake as majority shareholder.

Speaking at the event held at Southern Sun Hotel, Lusaka, NAPSA Director General, Muyangwa Muyangwa, described the milestone as a testament to the Authority’s strategic investment approach and its commitment to growing the fund for the benefit of members while contributing to Zambia’s economic development.

“NAPSA is not just a pension fund; we are a catalyst for national economic transformation. Our investment in ZICB reflects our vision to strengthen Zambia’s financial services sector, promote financial inclusion, and deliver sustainable returns,” said Muyangwa.

NAPSA currently manages assets amounting to K107 billion, with investments spanning financial services, infrastructure, hospitality, energy, and real estate. These investments aim to balance risk, generate returns, and stimulate socio-economic progress while ensuring timely payment of benefits, having so far paid K20 billion to over 1.4 million members since inception and sustaining more than 30,000 pensioners on monthly payroll.

The dividend from ZICB reinforces NAPSA’s ability to meet benefit obligations and expand coverage, particularly to workers in the informal sector.