BATZ presents a K3.2 million dividend cheque to NAPSA

LUSAKA – The National Pension Scheme Authority (NAPSA) has announced the receipt of a substantial K3.2 million dividend cheque from British American Tobacco Zambia PLC (BATZ). This payment marks a significant return on investment for NAPSA, which holds a stake in the prominent tobacco company, further solidifying the pension fund's financial standing and its capacity to meet future obligations to Zambian retirees. NAPSA Director General Muyangwa Muyangwa expressed his profound appreciation for BATZ's consistent financial performance and its commitment to shareholder value. "We are delighted to receive this K3.2 million dividend from BATZ," Mr. Muyangwa stated. "This payment is a testament to BATZ's robust operational efficiency and its dedication to sound corporate governance. Such dividends are crucial for NAPSA as they directly contribute to the growth of our investment portfolio, ensuring the long-term sustainability of the pension scheme for the benefit of all Zambian workers and pensioners." The dividend payout underscores NAPSA's diversified investment strategy, which aims to generate sustainable returns through strategic holdings in various sectors of the Zambian economy. By investing in established and profitable entities like BATZ, NAPSA seeks to mitigate risks and enhance the overall value of the pension fund. This approach is vital for a country like Zambia, where a robust social security system is paramount to providing financial stability for its aging population. BATZ, a long-standing player in the Zambian market, has consistently demonstrated its capacity to generate profits, even amidst evolving economic landscapes and regulatory environments. The company's ability to deliver dividends to its shareholders, including institutional investors like NAPSA, reflects its resilience and strategic market positioning. This partnership exemplifies how private sector success can directly contribute to public welfare through institutional investments. For NAP