National Milling Company Ltd

National Milling Company Ltd

Lusaka

 

After Zambia gained its independence on 24th October, 1964 the government of the Republic of Zambia nationalised most industries which then saw National Milling Company Limited operating as a government parastatal under the Industrial Development Corporation of Zambia Ltd (INDECO) group of companies.  This was a body formed by the government to oversee the operations of all companies that were nationalised.

The coming of multi party politics in 1991 saw the privatisation of most state owned enterprises and during this period National Milling Company Limited was privatised and purchased by Namib Mills. The new owners faced a lot of challenges and were eventually forced to close the company.

In 1998, Seaboards and Overseas Trading group purchased National Milling Corporation.

Contributors
  • James Gavin

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