A Business and Financial Analyst has observed that Ndola Lime Company has become a liability to the ZCCM-Investment Holdings as it is operating at a loss.
Blessings Kafwanka has told Money FM News that calls by the Economic Association of Zambia President Dr. Lubinda Habazoka to offload about 80 percent of shares in Ndola Lime Company to Zambians are justified.
Mr. Kafwanka highlights that in 2016 the company recorded a net loss of K82.3 million, in 2017 it increased to K1.1 billion while in 2018 it recorded a net loss of K190 million.
The Business and Financial Analyst says this clearly shows that the company has become a burden on ZCCM-IH and to the people of Zambia.
Mr. Kafwanka says Ndola Lime, 100 percent owned by ZCCM-IH, is among the parastatal companies that are not meeting the business objectives.
“Clearly this company has become a burden to ZCCM-Investment Holdings and the people of Zambia. This company is not generating any revenue for the government as intended,” he said.
He is of the view that offloading shares of this company will be a wise decision in trying to make it more viable.
Mr. Kafwanka says what is lacking in the company is adequate capital.
He adds that the Industrial Development Corporation (IDC) should find means and ways of improving the performance of this important company.
Ndola Lime Company Limited was Zambia’s major producer of limestone products supplying the mines and other key industries.

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