IDC LAUNCHES INTRA GROUP MARKET PLACE
Oct 02, 2025
Yesterday, Finance Minister Hon. Dr. Situmbeko Musokotwane (MP) launched the Industrial Development Corporation (IDC) Intra Group Market Place under the theme "One Group, One Vision: Growth Through Synergies."
The Honorable Minister, who was represented by Mr. Mordsen Chibuye Ruveve, Director of Finance in charge of local government and projects, stated that the marketplace was meant to empower and strengthen seamless business transactions, foster a culture of collaboration, and significantly boost the country's economy.
IDC board of directors and senior government officials attended the event, which was held at the Mulungushi International Conference Centre. The public, industry captains, and other invited guests were also present to witness this milestone, an IDC's very first marketplace. According to Dr. Musokotwane, the platform was created to maximize commercial transactions in a sustainable and profitable way while offering a transparent framework for conducting, tracking, and monitoring intra-group business.
Speaking earlier Mr. Cornwell Muleya, CEO of the IDC Group, indicated that the platform was created to improve collaboration and partnerships through intragroup trading because there was low uptake of intra-group business within the subsidiaries. He said, the marketplace will enhance service delivery and support the growth of the subsidiaries, ultimately increasing their contribution to the country’s Gross Domestic Product (GPD).
Together with representatives from marketing, IT, and public relations, Zambia Airways who participated in the launch was represented by Mr. Thomas Gebreyohannes Woldesenbet, CEO, and Mr. Robert Malasha, Manager of Finance and Strategic Planning.
As the airline works toward its 2025–2029 strategic vision, Zambia Airways views this platform as an additional tool for its long-term growth plan.