NAPSA on a Growth Trajectory - DG  

NAPSA Director General Muyangwa Muyangwa recently had a conversation with Mr Mwelwa Chibesakunda, founder of Financial Insights, where he outlined some of Authority’s milestones and ambitious plans.

Mr Muyangwa stated that NAPSA now serves 1.3 million active members, recording an 8% growth rate between 2024 and 2025, while more than 30,000 members draw benefits monthly. 

To enhance efficiency and trust in service delivery, the Authority recently launched the iCARE platform for online transaction with NAPSA, targeting zero‑days turnaround time in pension payment in the near future.

On the investment front, NAPSA is channeling significant capital into national development projects. This includes $200 million for Maamba Energy Phase Two, $300 million commitment to the Lusaka–Ndola Dual Carriageway and other renewable energy projects with dollar returns at 9%. 

 The fund’s portfolio has grown from K87 billion in December 2024 to K107 billion as at Q3 2025. 

Strategic partnerships with BII and SwedFund are also expected to boost SME financing and drive economic growth.

Mr. Muyangwa emphasized NAPSA’s commitment to widening social security coverage, particularly in the informal sector. 

Plans for voluntary savings accounts are underway, enabling every Zambian to build a secure future. Through the Zambia Kuchalo Wealth Fund, NAPSA is shifting from passive investing to impact‑driven national development, ensuring both co‑investors and citizens benefit equally.

NAPSA targets to grow the fund to USD10billion by 2031.

Picture credit: Financial insights