ZCCM-IH

ZCCM-IH News

ZCCM-IH 2016 financial results delayed

THE release of audited statements of accounts for the year ended 31st March, 2016 for ZCCM-IH has been delayed due to lack of information required for consolidation of the financials, says company secretary Chabby Chabala.

Mr Chabala said the company experienced delays in information collection from a number of investee companies within the ZCCM-IH portfolio.

He explained that the information required for consolidation of the financial statements was lacking, hence the delay in the issuance of the audited results.

“The required information has now been obtained and the company is in the process of finalising the audit of the said financial statements. This is targeted to be done by 31 October 2016.

“Arising from this delay, the company has prepared provisional annual financial statements for the year ended 31st March, 2016 as required by the LuSE listing rules,” he said.

He, however, said the issuance of the provisional financial statements awaited board approval once a quorate board was appointed.

Mr Chabala said the company expected that the appointment of new directors would be done by 30th September, 2016.
“Accordingly, shareholders are advised to exercise caution when dealing in ZCCM-IH securities until the full year results are published,” he said.

He also said the board of ZCCM-IH currently consisted of two directors following the expiry of membership of the five directors at the end of July, 2016.

“The company now expects that the appointment of new directors shall be done by 30th September, 2016. Accordingly, shareholders are advised to exercise caution when dealing in ZCCM-IH securities until the company has a quorate board,” he said.

Source: Zambia Daily Nation

Corporate Announcements

ZCCM-IH | Cautionary Announcement

The Management of ZCCM Investment Holdings PLC (ZCCM-IH) wishes to advise the Company’s Shareholders that the issuance of the audited Annual Financial Statements for the year ended 31st March, 2016 has been delayed due to the following reason:-

– ZCCM-IH experienced delays in information collection from a number of investee companies within the ZCCM-IH portfolio. The information is required for consolidation of the financial statements.

The required information has now been obtained and the Company is in the process of finalizing the audit of the said Financial Statements. This is targeted to be done by 31 October 2016.

Arising from this delay, the Company has prepared provisional annual financial statements for the year ended 31 March 2016 as required by the LuSE Listing Rules. However, the issuance of the provisional financial statements awaits Board approval once a quorate Board is appointed. The Company expects that the appointment of new Directors will be done by 30th September 2016.

Accordingly, shareholders are advised to exercise caution when dealing in ZCCM-IH securities until the full year results are published.

C Chabala
Company Secretary
Issued in Lusaka, Zambia on 15 September 2016

Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456
E | advisory@sbz.com.zm
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on 15 September 2016

Corporate Announcements

Cautionary update on change in Directorate of the Board of ZCCM-IH

Further to the notice of change of Directorate that ZCCM-IH issued on 18 August 2016, the Company wishes to advise its shareholders that, the Board of ZCCM-IH currently consists of two Directors following the expiry of membership of the five Directors at the end of July 2016.

The Company now expects that the appointment of new Directors shall be done by 30th September 2016.

Accordingly, shareholders are advised to exercise caution when dealing in ZCCM-IH securities until the company has a quorate board.

C Chabala
Company Secretary
Issued in Lusaka, Zambia on 15 September 2016

Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456
E | advisory@sbz.com.zm
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on 15 September 2016
Archived Jobs

ZCCM | Advert for a Temporary Procurement Officer – 6 months duration

ZCCM Investments Holdings Plc is an investments holding company which has a primary listing on the Lusaka Stock Exchange and secondary listings on the London and Euronext (Paris) Stock Exchanges under ISIN number ZM0000000037. The Company has majority of its investments held in the copper mining sector of Zambia.

ZCCM-IH’s majority shareholders are Industrial Development Corporation (IDC) with 60.3%, Government of the Republic of Zambia (GRZ) with 17.3% shareholding, National Pensions Scheme Authority (NAPSA) with 15% and other shareholders with 7.4%.

The Client therefore seeks the services of an experienced Procurement Officer with the following expertise/skills.

1.0    JOB QUALIFICATION REQUIREMENTS:

  1. MCIPS or any Degree qualification;
  2. 3-4 years post qualifying experience in public procurement;
  3. Member of ZIPS;
  4. Strong working knowledge of public sector procurement processes;
  5. Significant experience of supplier relationship management; and
  6. A good up to date theoretical and practical understanding of procurement process including tendering, evaluation, negotiation and contract management.

2.0   RESPONSIBILITIES/MAIN DUTIES:

  1. Plan and manage all activities involved in sourcing, procurement, conversion, and logistics of goods, works services are done within the approved ZCCM-IH budget.
  2. Receive, record, efficiently and effectively review TORs, scope of work and specifications submitted.
  3. Plan, development/preparation of Bids/tenders/inquiry and Request for proposal (RFP) to ensure adherence to the approved procurement plan and ZPPA standard solicitation documents.
  4. Initiate and maintain records of all correspondences between procurement and clients.
  5. Ensure the procedures for receiving bids/RFP and preparation of minutes of the proceedings for bids/IEO/RFP opening is adhered to.
  6. Plan, prepare procurement papers, Local purchase orders, draft contracts and subject them to respective approvals as outlined in the ZPPA guidelines and against approved budget.
  7. Review submitted documents to facilitate payments to suppliers, Contractors and Consultants for Finance to pay.
  8. Prepare both weekly and monthly management reports and circulate to Head of Procurement.
  9. Assist Contract Managers in the execution of the contract based on the guidelines/procedures.
  10. Filing and record keeping.
  11. Keep abreast of all developments in area of specialization in order to continue to provide services to the highest ethical and professional standards.

3.0   COMPUTER LITERACY:

  1. Word;
  2. Excel

Applicants who meet the requirements listed above should submit their detailed Curriculum Vitae, certified copies of Academic and professional Certificates to the address below not later than Thursday 15th September 2016.

The A/Human Resource Manager
ZCCM Investments Holdings Plc
Mukuba Pension House | 5309 Dedan Kimathi Road
P.O. Box 30048 | Lusaka | Zambia
E-mail: bandap@zccmnew.wpenginepowered.com
ZCCM-IH News

ZCCM Investments Holdings Plc Interacts with Japanese Companies in the Power Sector at the just ended TICAD SUMMIT

ZCCM Investments Holdings Plc (ZCCM-IH) invited by the Zambia Development Agency (ZDA) to be part of the Zambian delegation, attended the 6th Tokyo International Conference for African Development (TICAD) Summit held in Nairobi, Kenya from 26th to 28th August 2016.

During the Summit, ZCCM-IH represented by the Chief Executive Officer Dr Pius Kasolo and Portfolio Analyst Tapiwa Msusa, made interactions with Japanese companies involved the power sector.

Sumitomo Corporation was one of the Companies that held talks with ZCCM-IH in a bid to forge future relationships regarding investments in the power sector in Zambia.

The Summit was opened by President Uhuru Kenyatta of Kenya. In his speech, Mr Kenyatta underlined that Africa has benefited a great deal from Japan’s grants, loans and technical co-operation in several sectors such as education, infrastructure and agriculture, across the continent.

He also pointed out that current Japanese Official Development Assistance in Africa which currently stands at US$ 32 billion, is a substantial contribution to the continent’s development.

The President of the African Development Bank, Dr. Akinwumi Adesina, cited that Africa no longer required so much of ‘aid’ but was now ripe for investment.

During the summit, the ZDA signed memorandums of understanding (MOUs) with Mizuho Financial Group (MHFG) of Japan and Kenya Investment (KenInvest) of Kenya with the aim of promoting investment co-operation and identifying suitable investment opportunities, and enhance trade opportunities and information exchange, respectively.

ZCCM-IH’s Dr. Kasolo was privileged to witness the signing ceremonies alongside The Permanent Secretary in the Ministry of Commerce, Trade and Industry, Mrs Kayula Siame.

Further, the Industrial Development Corporation (IDC) which owns 60.28% shares of ZCCM-IH also signed a memorandum of understanding with Marubeni Corporation of Japan.

The MOU is aimed at the rehabilitation of Mulungushi Textiles Limited in Kabwe, which was recently commissioned by Zambia’s President, Mr. Edgar Chagwa Lungu.

It is the first time that the 6th TICAD summit is held on the African continent. It attracted just over 35 Heads of State, mostly from Africa, along with the Japanese Prime Minister, Mr. Shinzo Abe. Over 90 Japanese companies were in attendance.

Other African countries present included South Africa, Djibouti, Guinea, Zimbabwe, Somalia, Ivory Coast, Uganda, Mozambique and Togo amongst others.

The TICAD Summit offers a platform for African and Japanese business leaders to interact and share business ideas on the premise that the private sector and its collective entrepreneurial mind-set will be key to delivering economic transformation on the African continent.

The goal of such an event is to promote the formation of co-operative partnerships between Japanese and African businesses, with both parties seeking to drive industrialization and diversification on the African continent.
Archived Tenders

ZCCM-IH | Notice of Best Evaluated Bidder – Trinity Park Office Partitioning – Contract No. ZCCM-IH/030/2016

The Bidder named below has been evaluated as the best bidder for the procurement requirement detailed below. In accordance with the requirement of clause 121 of the Public Procurement Regulations, 2011, it is the intention of ZCCM Investments Holdings Plc (ZCCM-IH), the procuring entity, to award the contract to the bidder named after ten (10) working days from the display given below.

Procurement Reference Number ZCCM-IH/030/2016
Procurement Description Office Partitioning at Trinity Park Office Complex, Mass Media Area, Alick Nkhata Road, Lusaka
Method of Procurement Open National Bidding
Names and Addresses of Best Evaluated Bidder BL Consulting and Construction Limited
Plot No. 10, 817 Mubanga Road
Chelston
Lusaka, Zambia
Proposed Contract Price ZMW3,625,832.53
This amount is inclusive of Value Added Tax
Date of Display 23rd August 2016
Date of Removal 6th September 2016

The display of the notice does not constitute an award of the contract to the Bidder mentioned above.

Bid acceptance and contract placement shall be in accordance with the Public Procurement Regulations. Bidders have the right to appeal, in accordance with the Public Procurement Regulations, 2011, within ten (10) working days from the date of publication of this notice…

Related download

Correction to the Notice of the best evaluated bidder
Corporate Announcements

ZCCM-IH | Notice of change of Directorate

In compliance with the requirements of the Listing Rules of the Lusaka Securities Exchange, ZCCM Investments Holdings Plc (ZCCM-IH) announces a change in its Board membership.

The Company, on behalf of its majority shareholder, the Industrial Development Corporation Limited, wishes to announce that the membership of the following Directors expired from the ZCCM-IH Board with effect from 27 July 2016:

Mr C K Mwananshiku – Non Executive Director
Ms S M Mutemba – Non Executive Director
Dr B K Ng’andu – Non Executive Director
Mr P M Chanda – Non Executive Director
Mrs P C Kabamba – Non Executive Director

 
The Company thanks the named Directors for the service rendered to ZCCM-IH and wishes them the best in their future endeavours.

The new directors are expected to be appointed on or before 31 August 2016.

Company announcement issued by

Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on 18 August 2016

Download the full notice below:
Corporate Social Investment, ZCCM-IH News

ZCCM-IH launches its “Clean Water for Zambia” Corporate Social Responsibility Project

“Chingobe Village receives borehole for the first time since 1964”

The ZCCM Investments Holdings Plc (ZCCM-IH) in this financial year (2016-2017) has planned to undertake a project dubbed “Clean Water for Zambia”, where it will focus on sinking 10 boreholes, as its core sustainable social investment.

borehole and treadle pumps launch

This project was officially launched on Friday, 05 August 2016, in Chingobe Village, situated 60 kilometers from Sinda District Boma. The village with over 240 residents, and surrounded by 3 other villages, has had no access to clean water since 1964. Women and children, have been going to fetch for clean water from as early as 04:00 hours in the morning, from a hand dug well situated 3 kilometers away. The residents have also been using a nearby well, which was also hand dug, however, the water has not been fit for human consumption.

Headman Chingobe for the village stated that waterborne diseases have been recurrent amongst his people, and that the new borehole, will certainly help reduce cases of these diseases.

Speaking during the launch and handover ceremony of the borehole, ZCCM-IH Chief Executive Officer, Dr. Pius Kasolo said that this project is one way of ZCCM-IH ploughing back to society by sinking a number of boreholes in remote areas of the country with little or no access to clean and safe water such as Chingobe Village. “Chingobe Village is the first to receive this borehole, and we will spread the remaining 9 boreholes to other parts of the country”, said Dr. Kasolo.

He further reiterated that ZCCM-IH coupled with the “Clean Water for Zambia” project will help transform society’s livelihoods by encouraging horticulture farming at small scale by providing irrigation treadle pumps in areas where boreholes will be sunk. Families already into this enterprise with be given a boost, instead of using buckets for watering, they will use treadle pumps which will help increase their productivity. In executing this project, ZCCM-IH is working with NGOs who are currently on the ground working with various horticultural communities. These NGOs are Kickstart (Zambia) (the makers and promoters of the treadle pumps) and Profit+ (who will offer training to the selected potential farmers).

In this regard, 10 women clubs representing more than 280 horticulture farmers received irrigation treadle pumps. In order to make this project sustainable, Profit+ also received 5 treadle pumps which will be given to five lead farmers, who will help train the 10 clubs. Apart from this, the organization will guide these farmers to grow horticultural products that are on demand on the market such as red onion, which is currently being imported. Profit+ will also help in linking these farmers to off-takers on the market. The farmers thanked ZCCM-IH for the noble gesture, stating that the treadle pumps would go a long way in changing their livelihoods.

Eastern Province Permanent Secretary, Chanda Kasolo expressed gratitude to ZCCM-IH for sinking of a borehole and donating the 25 money maker irrigation treadle pumps. Mr Kasolo said all these efforts would go a long way in changing the lives of communities in a sustainable manner.
Corporate Social Investment, ZCCM-IH News

ZCCM-IH hands over a solar powered computer lab to Kateshi Primary School in Kasama

The state of the art computer lab worth more than K200 thousand (USD 19, 000), is the only one of its kind in the area, and will be used by more than 6 surrounding schools, benefiting more than 6, 000 pupils.

It will be the first time that most learners will see and use a computer. This development will enable the learners to adequately prepare for their ICT grade 7 and 9 examinations.

The lab was supported by other partners such as Shoprite (Zambia), Acrow (RSA), Katenga (RSA) & Olam.

Because of the computer lab, and the planned school library, Government through the Provincial Education Officer, Dr J. Kalumba, indicated that the school has been upgraded to a secondary school, the only one in the area.

Kateshi Primary School has been in existence since 1981, located inside the Olam coffee Estates premises, 30 km away from the Kasama Central Business District. It is surrounded by 15 villages, and kids often cover on average about 5 km to reach this school.

The school has a total of 940 pupils with six classroom blocks.

ZCCM-IH will continue offering any ICT needs and support for this lab.
Archived Tenders

Invitation for Bids: Office Partitioning at Trinity Park Office Complex

Invitation for Bids (IFB)
Office Partitioning at Trinity Park Office Complex in
Mass Media Area, along Alick Nkhata Road, Lusaka
ONB No.: ZCCM-IH/030/2016
  1. ZCCM Investments Holdings Plc. has received financing from own sources toward the CAPEX for the 2016/2017 Financial Year, and it intends to apply part of the proceeds of this financing to payments under the Contract for the Partitioning of Offices at Trinity Park Office Complex in Mass Media Area, Lusaka, Contract No.: ZCCM-IH/030/2016.

  2. ZCCM Investments Holdings Plc now invites sealed bids from eligible and qualified bidders for the Partitioning of Offices at Trinity Park Office Complex in Mass Media Area, Lusaka – Duration: 10 weeks.

  3. Bidding will be conducted through the Open National Bidding (ONB) procedures specified in the Public Procurement Act of 2008 and the Public Procurement Regulations of 2011 and is open to all bidders from Eligible Source Countries as defined in the Bidding Documents. The following CEEC preferential treatment shall be applied as part of the evaluation:

    3.1 Citizen-influenced company – 4%
    3.2 Citizen-empowered company – 8%
    3.3 Citizen-owned company – 12%

  4. Interested eligible bidders may obtain further information from the address below and inspect the Bidding Documents at this address from 08:00 – 13:00 and 14:00 – 17:00 local time, Monday to Friday inclusive.

  5. Qualifications requirements include:

    i) Experience as a prime contractor in the rehabilitation of at least two (02) contracts of a similar nature and scope in the last five (05) years;

    ii) A minimum amount of liquid assets and/or credit facilities per lot as follows:

    ZMW2,992,664.00.

    iii) Average Annual Turnover for the past three (03) years as follows:

    ZMW38,904,621

  6. A complete set of Bidding Documents in English may be purchased by interested bidders ON THE SUBMISSION OF A WRITTEN APPLICATION to the address below and upon payment of a non refundable fee of Zambian Kwacha Five Hundred (ZMW500.00). The method of payment will be either by Cash or Bank Certified Cheque.

  7. The address referred to above is:

    K D Kabwe (Mrs.)
    ZCCM Investments Holdings Plc.
    3rd Floor, Mukuba Pension House
    5309 Dedan Kimathi Road
    Lusaka, Zambia
    Tel: +260-211-228833
    E-mail: kabwekd@zccmnew.wpenginepowered.com

  8. Bids must be delivered to the address below at or before 10:00 hours on Wednesday, 27th July 2016. Electronic bidding shall not be permitted. Late bids will be rejected. Bids will be opened physically in the presence of the bidders’ representatives who choose to attend in person at the address below immediately after 10:00 hours on 27th July 2016. All bids must be accompanied by a Bid Securing Declaration.

  9. There will be official site visits as follows:

    Monday, 11th July 2016 at Trinity Park Office Complex, Mass Media Area, Lusaka at 10:00 hours.

  10. The address referred to in clause 8 is:

    K D Kabwe (Mrs.)
    ZCCM Investments Holdings Plc.
    3rd Floor, Mukuba Pension House
    5309 Dedan Kimathi Road
    Lusaka, Zambia
    Tel: +260-211-228833
    E-mail: kabwekd@zccmnew.wpenginepowered.com

Download full invitation

– Invitation for Bids | Office Partitioning at Trinity Park Office Complex in Lusaka