NAPSA Hospitality Investment Limited (NHIL) has presented a K40 million dividend cheque to its parent company, the National Pension Scheme Authority (NAPSA), in a significant demonstration of the success of its hospitality ventures.
NHIL, a wholly owned subsidiary of NAPSA, manages the authority’s hotel investments across the country.
Speaking during the cheque presentation ceremony, NHIL Board Chairperson Christabel Micheal described the dividend as a reflection of the company’s strong performance despite prevailing economic challenges.
“This also signals NHIL’s collective commitment to sound investment principles, operational excellence, and accountability to NAPSA,” said Ms. Micheal.
She further acknowledged the strategic direction and support provided by the NAPSA Board, saying it had been instrumental in shaping NHIL’s growth trajectory.
Receiving the dividend, NAPSA Director General, Muyangwa Muyangwa, hailed the milestone as a moment of pride, noting that the success validates the authority’s decision to invest in the hospitality sector.
“NAPSA is pleased that the hospitality investments are bearing fruit including Radisson Blu Mosi-oa-Tunya Resort in Livingstone, Garden Court in Kitwe, StayEasy in Lusaka, and Hilton Garden Inn, that have collectively created over 700 direct jobs,” said Mr. Muyangwa.
Mr. Muyangwa reaffirmed NAPSA’s commitment to exploring further investment opportunities in the hospitality industry to enhance returns for members and contribute to Zambia’s economic development.
By Christabel Kamunu
