After Zambia gained its independence on 24th October, 1964 the government of the Republic of Zambia nationalized most industries which then saw National Milling Company Limited operating as a government parastatal under the INDECO group of companies. This was a body formed by the government to oversee the operations of all companies that were nationalized.
The coming of multi party politics in 1991 saw the privatization of most state owned enterprises and during this period National Milling Company Limited was privatized and purchased by Namib Mills. The new owners faced a lot of challenges and were eventually forced to close the company.