ZCCM-IH Hits $1 Billion Market Capitalisation on Lusaka Securities Exchange
ZCCM Investment Holdings Achieves $1 Billion Market Cap, Signaling Strong Investor Confidence in Zambia
ZCCM Investment Holdings Plc (ZCCM-IH) has reached a market capitalisation of US$1 billion on the Lusaka Securities Exchange (LuSE), marking a historic milestone for the company and Zambia’s capital markets.
The achievement was celebrated during a bell-ringing ceremony jointly hosted by ZCCM-IH and LuSE.
Speaking at the event, Mines Minister Paul Kabuswe said the milestone reflects strong investor confidence in ZCCM-IH, supported by the government’s stable policy framework.
He noted that growth in the mining sector has created widespread economic optimism, driven by deliberate reforms.
“This milestone reflects not only the company’s financial strength but also the enabling business environment that instils investor confidence.
Government initiatives, including tax incentives and infrastructure upgrades, have helped strengthen the investment climate and are yielding positive results,” Mr. Kabuswe said.
ZCCM-IH Board Chairperson Phesto Musonda described the achievement as a testament to the company’s resilience and transformation.
“This moment goes beyond financial achievement; it reflects ZCCM-IH’s transformation since 2021. From guaranteeing a US$1.7 billion Glencore debt in 2020 to resolving and unlocking Mopani, the company has strengthened its balance sheet and charted a new growth trajectory.
Over the past eight months, ZCCM-IH shares have gained 131%, rising from K65 in January to K150 per share yesterday, driving the market capitalisation to US$1.02 billion,” he said.
Mr. Musonda emphasized that the $1 billion milestone is the result of a clean balance sheet, focused strategy, diversified revenue streams, and a supportive environment.
“As we celebrate, we do so with pride and renewed commitment. ZCCM-IH will continue to deliver value, pursue growth opportunities, and contribute to Zambia’s industrialisation and economic transformation agenda.”
LuSE CEO Nicholas Kabaso praised the milestone as a significant development for Zambia’s capital markets, highlighting its positive signal to both domestic and international investors.
Stockbrokers Zambia Managing Director Jack Kanyanga, the sponsoring broker, described the achievement as remarkable, underscoring Zambia’s resilience and economic growth potential.
