MVIL pays K35.4 million dividend to Government

Motor Vehicle Insurance Ltd (MVIL) has paid the Government a K35.4 million dividend this year.
Chief executive officer Joe Wemin said under the current board and management of the state-owned enterprise, MVIL had achieved a lot in terms of doing its business and providing services.
“As an SOE, we are owned by the people of this country and it’s an honour to perform better and pay such dividends to the Government,” he said.
Wemin said MVIL’s achievements were driven by a strong and visionary board.
“We have paid a huge dividend to the Government, who is our shareholder, and the credit goes to the board,” he said.
“We have a very good board to provide the strategic guidance and the directions for us to be able to control our expenditures very well.
“We take prudent control of our expenditures because for us to pay dividends, we must be able to make profits.”
“We continue to remain and stay focused on our core business which is registering motor vehicles and licences, collecting revenue and paying to the state and settling third party motor vehicle accidents insurance claims.”