ZCCM-IH Appointed by Government to Lead Transformation of Zambia’s Gold Sector

ZCCM-IH Appointed by Government to Lead Transformation of Zambia’s Gold Sector

1st August 2025, Lusaka, Zambia: ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) wishes to inform shareholders and the market that the Government of the Republic of Zambia has formally mandated ZCCM-IH to take the lead in formalising, developing, and transforming the gold sector in Zambia.

This appointment marks a historic and strategic milestone in unlocking the full potential of Zambia’s gold mining industry. For decades, the gold sector has remained largely informal, characterised by limited structure, low value retention, and minimal economic benefits for surrounding communities. These informal operations have also contributed to environmental degradation and unsafe mining practices, offering little in terms of national economic returns.

The Government’s decision to entrust ZCCM-IH with this pivotal responsibility reflects a bold and forward-looking commitment to inclusive and sustainable economic growth. The initiative draws inspiration from successful models across the African continent where the formalisation of the gold sector has led to increased revenue generation, improved livelihoods, and strengthened governance.

ZCCM-IH is honoured to receive this mandate. As the designated anchor institution, ZCCM-IH will lead the implementation of a comprehensive transformation programme grounded in collaboration, sustainability, and inclusive stakeholder engagement.

Mapatizya Shines Brighter as ZCCM-IH Handover Solar Powered Projects

Publication date: 23 July 2025

Mapatizya in Zimba District is undergoing significant development thanks to solar-powered water and energy projects funded by ZCCM-Investment Holdings (ZCCM-IH). A handover ceremony was held at Mapatizya Clinic on 23rd July 2025, where key projects were unveiled, including a solar-powered borehole with a 10,000-litre tank and full water reticulation system, valued at K353,750, and solar electrification systems for the clinic, school, police post, and market, costing K364,723.45. The total investment in these initiatives is nearly K719,000.

Southern Province Deputy Permanent Secretary, Mrs. Yolanta Mutyambe Malunga, praised the projects as a shining example of how investment can transform rural communities. ZCCM-IH Board Chairperson, Mr. Phesto Musonda, emphasized the real-life impact, noting that business hours have been extended, healthcare delivery has improved, and community safety has increased.

Mapatizya Ward Councillor, Mr. Edgar Meleki, also expressed his appreciation for the ongoing support from ZCCM-IH, highlighting the positive changes in the community brought about by these long-standing CSR efforts.

TRADING STATEMENT

In accordance with Section 3.4(b) Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM Investments Holdings PLC (“the Company” or “ZCCM-IH”) hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the year ended 31 December 2024 is expected to be approximately 1077 % higher than that reported for the year ended 31 December 2023.

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Transaction Announcement: Sino Great Group Limited

The shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) and other market
participants are referred to the cautionary announcements issued on 31st March 2025 and 16th May 2025.

The Board of Directors of ZCCM-IH wishes to inform shareholders and the market that on 23rd May 2025, ZCCM-IH entered into a transaction with Sino Great Group Ltd. (“Sino Great”) in partnership with Wonderful Group of Companies Limited (“Wonderful Group”) to develop an integrated closed circuit phosphate fertiliser Plant (the “Plant”).
About Sino Great
Sino Great Group Limited is a Chinese-owned enterprise actively engaged in Zambia’s industrial and
agricultural development, primarily through its subsidiary, Sino Great Chemical Company Limited. The
company is spearheading a significant investment in the country’s industrial and agricultural production
sector.
About Wonderful
Wonderful Group of Companies Limited, established in 2011, is a leading industrial conglomerate in Zambia. Wonderful Group is a diversified industrial and business conglomerate specialised in pioneering greenfield industries and brownfield industries management. It operates across a broad spectrum of industries, including the manufacturing of fertiliser and agro products; porcelain and ceramic tiles; sanitary ware; packaging and PVC construction materials; construction works; and silk cocoon and fabric.
Transaction Details

As of 27 May 2025, the market value of ZCCM IH was ZMW 16,080 million. Accordingly, the percentage Ratio of the consideration (USD 50 million OR ZMW 1,370 million as at the exchange rate on 27 May 2025) to the market capitalisation of ZCCM IH is 8.5%. In accordance with the Categorisation methodology of Section 9 of the Listings Requirements of the Lusaka Securities Exchange (“LuSE”), the Transaction is classified as a Category 2 Transaction.
In compliance with the requirements of Section 9 of the Listings Requirements of LuSE, the key features of the Transaction are as follows:

ZCCM-IH Launches Tree Planting Initiative

ZCCM Investments Holdings Plc (ZCCM-IH) in collaboration with Tree Zambia Limited has launched its tree planting initiative. The initiative was launched on 14th March 2025 at the Levy Mwanawasa Medical University. The tree planting initiative is aimed at mitigating the adverse effects of climate change that has impacted countries across the world, including Zambia. 

Speaking during the launch, ZCCM-IH Chief Executive Officer, Dr Ndoba J Vibetti said as a company with investments in mining and energy sectors, ZCCM-IH recognises its responsibility to contribute to the well-being of communities and the preservation of the environment. By the end of the project, ZCCM-IH will plant over 4000 ornamental and fruit trees at three health institutions in Lusaka and the Copperbelt Province. The trees will be planted at public health institutions to improve air quality, reduce urban heat, and support biodiversity. The fruit trees will offer nutritional benefits, contributing to food security and improved health outcomes.  

Director of Forestry at the Ministry of Green Economy and Environment Mr Sitwala Wamunyima commended ZCCM-IH for Utilizing its resources to drive environmental sustainability. In a speech read on his behalf by Chief Forestry Officer, Dr Freddie Siangulube, Mr Wamunyima said the tree planting project will help in the restoration of trees the country is losing at a rate of 172,00 hectares per annum due to deforestation.  

At the same event, Levy Mwanawasa Medical University’s Vice Chancellor Prof. Elwyn Chomba expressed her gratitude to ZCCM-IH and government for the initiative as it reflects commitment to a green future that the University upholds. 

The tree planting initiative is a testament to ZCCM-IH’s commitment to Zambia’s green economy agenda and our shared vision for a sustainable future.

ZCCM-IH Donates to Chongwe District Hospital Maternity Ward

ZCCM Investments Holdings Plc (ZCCM-IH) has donated maternity and neonatal medical equipment and hygiene kits worth K100,000 to Chongwe District Hospital. The donation to the Hospital’s maternity ward took place on March 7th, 2025, in commemoration of International Women’s Day which falls on March 8th, 2025. 

Speaking during the handover ceremony, ZCCM-IH Chief Financial Officer, Mrs. Chilandu Sakala, said the company recognises the role that healthcare plays in the well-being of communities, and is committed to supporting initiatives that enhance quality maternal health.  

Chongwe District Health Director, Dr. Mweene Nseluke, expressed gratitude for the timely donation, noting that the donation will have a lasting impact on the community. 

Speaking at the same event, Chongwe District Hospital Medical Officer InCharge, Dr Christabel Mbiiza said the donation is a transformation of the maternity ward and will enable the hospital to offer better care and ensure safer and a more comfortable environment for both mothers and babies. 

MARKET ANNOUNCEMENT CHANGE IN DIRECTORATE

In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZCCM-IH wishes to inform shareholders that the tenure of appointment as Director of Mr. Bishop John Mambo as Non-Executive Director on the ZCCM-IH Board came to an end effective 12th December 2024.

Mr Bishop John Mambo was appointed on 13 December 2021. During his tenure, he served as Non-Executive Director of the Board and was a member of the Remuneration and Investments Committee.
The ZCCM-IH Board wishes to thank Mr. Bishop John Mambo for his contribution to the Company and wishes him well in his future endeavours.

By Order of the Board
Charles Mjumphi
Company Secretary