Chief Executive Officer job at Industrial Development Corporation (IDC) Limited

Industrial Development Corporation (IDC) Limited

Vacancy title: Chief Executive Officer

[ Type: FULL TIME , Industry: Manufacturing , Category: Management ]

Jobs at:

Industrial Development Corporation (IDC) Limited

Deadline of this Job:
13 September 2022

Duty Station:
Within Zambia , Lusaka , South – Central Africa

Date Posted: Tuesday, August 30, 2022 , Base Salary: Not Disclosed

Industrial Development Corporation (IDC) Limited was incorporated in January 2014 and is wholly owned by the Govemment through the Minister of Finance pursuant to the Minister of Finance (Incorporation) Act Cap 319 of the Laws of Zambia. IDC is the investment arm of Government of the Republic of Zambia’s State-Owned Enterprises (SOES).
IDC was established with a mandate to create and maximise long-term shareholder value as an active investor and shareholder of commercially oriented SOE’s as well as play a catalytic role in driving the Government’s industrialisation agenda for wealth and job creation through various investment interventions
IDC has identified five priority areas for investment as having the greatest potential to create jobs, support value addition and enhance Zambia’s economie base, which include: Agriculture, Manufacturing, Mining Energy, Tourism and Transport & Logistics. IDC’s investment is developmental in nature. Reporting to the Board of Directors, Chief Executive Officer will be on a fixed three (3) year performance-based contract with an overarching responsibility of providing strategic direction and leadership to the IDC

Roles and Responsibilities:
Strategy formulation and implementation to ensure long term viability and sustainability,
• Identification of strategic partnerships tinkages on existing and new sustainable investment opportunities
• Identification of developmental/social opportunities in the outlying areas of Zambia leading to sustenance and managing them to profitability, Undertaking core diagnostic of all investments in the IDC portfolio and formulating turnaround strategies,
• Driving growth in IDC through prudent investment practices and management
• Ensure Governance structures within the subsidiaries are aligned to IDC’s growth strategy,
• Enhancement of operational and human capital efficiency within IDC to support IDC’s strategy, Management and engagement with key stakeholders such at the respective ministries investors, fanders and other partners
• Adherence to and enhancement of the risk. Compliance and govemance framework
• Dividend growth and
• Repositioning of the IDC brand.

Essential/Desirable Qualification Experience
• A post graduate degree in Finance & Investments, Accounting, Economics or other relevant field;
• Membership of professional body or equivalent professional qualification such as ACCA, CIMA, CFA, CIB, or other,
• 15 years’ post qualification work experience at senior management level in equivalent investment organisations or subsidiary set-ups
• In-depth understanding of the socio developmental strategies for SOE’s in line with Government’s development, empowerment and job creation policies,
• Demonstrable experience around change management, business transformation, business restructuring and organisational culture transformation
• Experience in mobilising resources through strategic partnerships with Development Finance Institutions (DFIS), pension funds, equity houses and the private sector, and
• Excellent commercial and business acumen and sound understanding of the macro-economic environment

Skill Specifications:
Good and proven leadership skills Relationship building and stakeholder management,
Excellent communication skills, oral, written and presentational,
Analytical and problem solving skills with excellent financial analysis skills,
Good interpersonal skills, and Proactive and ability to see the bigger picture

Personal Attributes
• High standards of integrity and morality,
• High levels of interest and supportive of gender and equality, and
• Passionate about setting high standards of excellence.

Work Hours: 8

Experience in Months: 180

Level of Education: Bachelor Degree

Job application procedure
To apply for the above position, please send by email a detailed curriculum vitae, copies of academic and professional certificates, and NRC to clearly marked ‘IDC CHIEF EXECUTIVE OFFICER’ in the subject, no later than by close of business, Tuesday 13 September 2022. Visit the IDC Careers page for this job advertisement and full job description at Only shortlisted candidates will be contacted IDC is an Equal Employment Opportunity Employer of Choice.