TAZAMA Pipelines Limited has declared a K120.4 million dividend to the Government of Zambia for the financial year ended 31 December 2025, following record financial and operational performance.
Board Chairperson Professor Ephraim Munshifwa presented the dividend at a ceremony held today at the Ministry of Finance and National Planning. The payment represents Government’s two-thirds shareholding in the joint Tanzania Zambia Pipeline company.
“This dividend represents more than a corporate obligation. It is a demonstration of how strategic State-Owned Enterprises can create value for shareholders while making meaningful contributions to national development,” Prof. Munshifwa said during the presentation.
He said the payout reflected TAZAMA’s strong financial performance, sound corporate governance, and commitment to supporting Zambia’s economic aspirations while safeguarding energy security. Prof. Munshifwa reported that TAZAMA recorded a net profit of K722.3 million in 2025, up from K635.6 million in 2024. The company also achieved its highest-ever throughput at 1,006,995 metric tonnes, a significant increase from 747,186 metric tonnes recorded the previous year. The performance brought operations close to the pipeline’s installed capacity of 1.1 million metric tonnes.
He attributed the strong results to increased throughput volumes, enhanced operational efficiency, strategic investments in pipeline security, and improved operational uptime. Receiving the dividend on behalf of Government, Acting Secretary to the Treasury Mwaka Mukubesa commended TAZAMA for reaching what she described as a significant milestone.
“The dividend will help strengthen public finances and enhance Government’s capacity to deliver on national development priorities,” Ms. Mukubesa said.She praised the Board and Management for prudent management and urged other State-Owned Enterprises to emulate TAZAMA’s strong governance and operational discipline. Ms. Mukubesa also highlighted TAZAMA’s successful implementation of the Open Access policy and the introduction of the Drag Resistant Agent (DRA). She noted the innovations have improved operational efficiency and enhanced fuel transfer along the Dar es Salaam–Ndola pipeline corridor.“The achievements demonstrate how innovation, sound management and operational excellence can contribute to improved performance and sustainable national development,” she added.
TAZAMA Pipeline is jointly owned by the Governments of Zambia and Tanzania, with Zambia holding a two-thirds stake and Tanzania one-third. The pipeline remains a critical asset in ensuring reliable fuel supply and regional trade integration.