ZCCM-IH Breaks $1B Barrier on LuSE, Strengthening Market Confidence
The Zambia Chamber of Commerce and Industry (ZACCI) has hailed ZCCM Investments Holdings Plc (ZCCM-IH) for surpassing the USD 1 billion market capitalisation mark on the Lusaka Securities Exchange (LuSE), describing it as a landmark achievement that reflects growing investor confidence and the maturity of Zambia’s financial markets.
ZACCI President, Mr Anthony Kabaghe, said the milestone was not only a corporate triumph but also a powerful signal that Zambia is moving towards deeper and more sophisticated capital markets capable of attracting both local and international investors.
“With two ZACCI member companies now above this threshold, the development demonstrates the resilience of the Zambian business landscape,” Mr Kabaghe stated.
He noted that ZCCM-IH’s performance underscores the importance of policy reforms which have encouraged greater market participation, including tax incentives for listings and simplified disclosure requirements. The success, he added, should inspire further reforms to expand opportunities for companies across agriculture, manufacturing, services and emerging industries.
As the second Zambian company to cross the billion-dollar mark, ZCCM-IH strengthens the country’s growing reputation for corporate excellence and competitiveness on the global stage. While the achievement is closely tied to Zambia’s mining resurgence and rising copper output, it also highlights the opportunity to drive economic diversification through capital market expansion for small and medium enterprises.
“ZCCM-IH’s billion-dollar milestone is both a celebration and a call to action,” Mr Kabaghe said. “It is a testament to Zambia’s potential, the maturity of its financial markets, and the importance of ambitious corporate strategies underpinned by sound policies.”
ZACCI reaffirmed its commitment to advancing an inclusive and diversified growth agenda to secure long-term prosperity for the nation.
