Publication date: 29 Aug 2025
Yesterday, ZCCM Investments Holdings Plc (ZCCM-IH) proudly celebrated crossing the $1
Billion Market Capitalisation mark on the Lusaka Securities Exchange (LuSE).
The Guest of Honour, Hon. Paul Kabuswe, Minister of Mines and Minerals Development,
congratulated ZCCM-IH on this historic milestone. He emphasised that the achievement
reflects investor confidence, financial strength, and the enabling business environment
created by government reforms. He further reaffirmed Government’s support for ZCCM-IH,
particularly under its gold mandate, which is set to unlock even greater national value.
Board Chairperson, Mr. Phesto Musonda, highlighted that ZCCM-IH’s share price has
surged 131% in 2025, from K65 in January to K150 per share, raising market value to USD
1.02 Billion. He attributed this success to a cleaned balance sheet, consistent dividend
payouts, a diversified portfolio, and the royalty revenue model — cementing ZCCM-IH’s
place as the second most valuable company on LuSE.
CEO, Mr. Kakenenwa Muyangwa, described the milestone as “more than numbers” — a
clear signal of Zambia’s capital market maturity and depth, and a strong message to both
local and international investors that Zambia offers real opportunities.
This milestone, celebrated in partnership with LuSE and our major stakeholders, reaffirms
ZCCM-IH’s commitment to driving Zambia’s industrialisation and economic transformation
agenda.