TAZAMA Pipelines Limited, a joint venture between Zambia and Tanzania, on Thursday presented a dividend cheque worth K120.4 million (approximately $6.69 million) to the Government of Zambia following a strong financial performance for the year ended December 31, 2025.
The cheque was presented by TAZAMA Board Chairperson Professor Ephraim Munshifwa during a ceremony held at the Ministry of Finance and National Planning, where Acting Secretary to the Treasury Mwaka Mukubesa received it on behalf of the government.
Speaking during the presentation, Professor Munshifwa said the dividend represented more than a corporate obligation, describing it as a demonstration of how strategic state-owned enterprises can create value for shareholders while making meaningful contributions to national development.
He said the payment reflected TAZAMA’s strong financial performance, sound corporate governance, and unwavering commitment to supporting Zambia’s economic aspirations and safeguarding energy security.
Prof. Munshifwa disclosed that TAZAMA recorded a net profit of K722.3 million in 2025, up from K635.6 million in 2024.
The company also achieved the highest throughput in its history, reaching 1,006,995 metric tonnes, compared with 747,186 metric tonnes the previous year.
He attributed the strong performance to increased throughput volumes, enhanced operational efficiency, strategic investments in pipeline security, and improved operational uptime.
Receiving the dividend on behalf of the government, Acting Secretary to the Treasury Mwaka Mukubesa commended TAZAMA for reaching what she described as a significant milestone, noting that the dividend would help strengthen public finances and enhance the government’s capacity to deliver on national development priorities.
She praised the board and management for their prudent stewardship and urged other state-owned enterprises to emulate TAZAMA’s strong governance and operational discipline.
Ms. Mukubesa also commended TAZAMA for the successful implementation of the Open Access Policy and the introduction of the Drag Reducing Agent (DRA), which has improved operational efficiency and enhanced fuel transfer along the Dar es Salaam–Ndola pipeline corridor.
She said the achievements demonstrated how innovation, sound management, and operational excellence can contribute to improved performance and sustainable national development.
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