By Derrick Silimina

In a major boost to public sector resource mobilization, TAZAMA Pipelines Limited has officially handed over a record dividend cheque of K120,378,353.23 to the Government through the Ministry of Finance and National Planning.

In a statement, Ministry of Finance and National Planning Acting Secretary to the Treasury Mwaka Mukubesa said the substantial payout underscores a consecutive trajectory of high-yielding operational and financial reforms at the state-owned energy infrastructure giant, following its transition to transporting refined petroleum products and implementing the strategic Open Access Framework.

“This occasion not only marks another important milestone for TAZAMA Pipelines but also underscores our collective commitment to advancing sustainable economic development in Zambia,” said Mukubesa during the presentation of the dividend cheque by TAZAMA Pipelines Limited in Lusaka.

She noted that the milestone demonstrates the critical role that StateOwned Enterprises continue to play in generating value for the economy, supporting national development priorities, and contributing to the welfare of our citizens.

Mukubesa outlined that the achievements reflect the Board’s strategic leadership, Management’s dedication, and the commitment of staff to operational excellence and innovation.

“For this, Board Chairperson and your team, I wish to commend you on behalf of the Government and indeed on my own behalf for your dedication, professionalism, and commitment to excellence,” she stated.

The Acting Secretary to the Treasury further stressed that TAZAMA Pipelines has remained resilient despite challenges facing the energy sector, including fluctuations in global fuel markets, infrastructure maintenance requirements, and increasing demand for reliable energy supplies.

She emphasised that as a strategic energy infrastructure asset, the pipeline remains critical in ensuring a stable and reliable supply of petroleum products to support economic activities across the country.

“A reliable fuel supply is essential for the growth of key sectors such as mining, agriculture, manufacturing, transport, and commerce. I wish to assure you that these resources will be utilized prudently to support national development programmes and the delivery of public services that improve the lives of our citizens.”