Lusaka, 25 September 2026 – ZCCM Investments Holdings Plc is pleased to announce that the 100 MWac Maamba Solar PV Project, developed by Maamba Solar Energy Limited (MSEL), has entered its commissioning phase, with electricity injected into the national grid for the first time on 24 September 2026.
The Board of Directors of ZCCM Investments Holdings Plc (ZCCM-IH) has reviewed progress on key operations and development projects at CNMC Luanshya Copper Mines (CNMC Luanshya), an investee company in which ZCCM-IH holds a 20% equity interest. The Board also underscored the importance of strengthening local content so that growth in Zambia’s mining sector delivers lasting value for the Company’s shareholders and tangible economic opportunities for Zambians. The visit, held on Tuesday, 22 September 2026, formed part of the Board’s Copperbelt investment tour and its ongoing oversight of ZCCM-IH’s investment portfolio. The tour is focused on assessing operational performance, monitoring the delivery of strategic projects and identifying opportunities to enhance value creation. Led by ZCCM-IH Board Chairperson Mr Phesto Musonda, the Board engaged the management of CNMC Luanshya, led by Chairman Mr Jiang Lei, on the mine’s FY2025 and H1 2026 performance. Discussions covered operational and financial performance, exploration, human resources, health and safety, key challenges and the actions planned to address them. The Board toured key operations and development projects, including Shaft 28, where dewatering has been completed and underground clearing and construction works are under way, and the new mine site at Shaft 28, where it assessed progress on development works. The tour also covered the Mashiba Ramp construction, Muliashi Open Pit backfilling, vent shafts and winders, giving the Board first-hand insight into the mine’s operational and development activities. 1 Mr Musonda emphasised that increased investment and production in the mining sector must translate into tangible economic opportunities for Zambians. He said, “Growth must have a real trickle-down effect. Our investments must create opportunities for Zambian businesses, develop local skills, create jobs and strengthen communities.” He reaffirmed ZCCM-IH’s commitment to supporting the Zambia Growth Vision of 10-10-5-3-3 1-1-1, noting that the Company has an important role to play in the next phase of Zambia’s mining growth and economic development. Commenting on the visit, ZCCM-IH Chief Executive Officer Mr Kakenenwa Muyangwa said, “As an active shareholder, our role is to stay close to the assets that drive value for our shareholders. At Luanshya, the Board has seen tangible progress on projects such as Shaft 28 that are important to the mine’s long-term production. We will continue to work closely with CNMC Luanshya management to ensure these projects are delivered efficiently and translate into sustainable returns. Local content is central to that value proposition. A stronger Zambian supply chain and a skilled local workforce make our operations more resilient and more competitive over the long term.” The visit comes as ZCCM-IH advances growth across its portfolio, including increased copper and energy production, while strengthening the performance and long-term value of its investments. Through the broader Copperbelt investment tour, the Board is engaging investee companies, reviewing performance, monitoring strategic projects and strengthening oversight across the portfolio. The engagements have resulted in agreed follow-up actions on key operational and strategic matters, and the Board will continue to monitor progress through further engagements with investee companies. ZCCM-IH remains focused on active stewardship of its investments to support sustainable returns for shareholders, increased local participation and lasting benefits for the people of Zambia.
On 3rd June 2026 ZCCM Investments Holdings Plc launched a support programme to four charity organisations: Livingstone Day Cheshire Homes (deals with differently abled children in Livingstone), Moses Charity (deals with orphans in Magoye), Steps for Good Works Foundation (deals with the old-aged persons in Kabwe) and Ndola Vocational Training Centre (deals with vulnerable groups in society).
The launch took place at Cheshire Homes in Livingstone where we donated wheelchairs, school uniforms, shoes, clothing, educational materials, building supplies, broiler chicks, and other essential items.
Our Board Chairperson, Mr. Phesto Musonda, was clear about the intent behind the gesture: This is not a charity handout. It is a strategic investment in people and institutions that are doing the hard work of building resilient communities with limited resources, but with unlimited commitment. We are here as partners, not donors. Sister Clare Cecilia Banda, Head of Livingstone Day Cheshire Homes, expressed what the donation meant to those in her care: This is more than material support. It is a message of hope, dignity, encouragement, and love for children living with disabilities. It brings renewed strength to our caregivers and comfort to every child in this home.
The structured Community Support Programme provides support to the four organisations serving over 600 direct beneficiaries.
These initiatives form part of the Company’s Corporate Social Responsibility (CSR) programme aimed at uplifting vulnerable members of society through strategic partnerships and community-driven interventions.
On 6 May 2026, ZCCM Investments Holdings Plc (ZCCM-IH) officially launched a feeding programme for elderly beneficiaries under the Steps for Good Works Foundation in Kabwe, Central Province.
The Foundation currently provides care and essential support to 180 vulnerable elderly men and women and was selected as a beneficiary under ZCCM-IH’s nationwide Corporate Social Responsibility (CSR) support initiative launched through the Company’s CSR Committee in 2025.
The intervention aims to support vulnerable senior citizens by improving food security, health, dignity, and overall wellbeing. During the handover ceremony, ZCCM-IH donated assorted foodstuffs and adult healthcare items, including mealie meal, cooking oil, beans, kapenta, soya chunks, sugar, salt and adult diapers.
Speaking on behalf of the Chief Executive Officer, Mr. Kakenenwa Muyangwa, ZCCM-IH Corporate Affairs Manager Ms Loisa Mbatha said the donation reflects the Company’s commitment to impactful and sustainable CSR initiatives that address real community needs. She further emphasised the importance of meaningful partnerships in addressing social welfare challenges and promoting inclusive community development.
Receiving the donation, Steps for Good Works Foundation Executive Director Rev. George Njovu expressed gratitude to ZCCM-IH for supporting vulnerable elderly citizens. He noted that the support comes as the Foundation celebrates five years of service to vulnerable elderly citizens in Kabwe.
The initiative marks the beginning of a continuous journey of partnership, care and sustained impact in the lives of elderly and vulnerable members of society, reaffirming ZCCM-IH’s commitment to investing responsibly in people, dignity and hope.
In accordance with Section 3.4(b) of the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) hereby advises shareholders that the Earnings Per Share (“EPS”) for the half-year period ended 30 June 2026 is expected to be approximately 89% higher than that reported for the corresponding period ended 30 June 2025.
Infrastructure works supporting the development of the Kikonge Gold Mine Project in Mufumbwe District, North-Western Province, are 80 per cent complete, with ZCCM Investments Holdings Plc (ZCCM-IH) having injected US$2 million towards the development of the project.
The investment was highlighted during a stakeholder engagement meeting held on 14 September 2026, which was jointly hosted by ZCCM-IH and the Ministry of Mines and Minerals Development with mining cooperatives and other stakeholders in Mufumbwe District. The meeting focused on developments at the Kikonge Mining Project, the formalisation of gold mining activities and opportunities for local participation in the sector.
ZCCM-IH Chief Executive Officer, Mr Kakenenwa Muyangwa, said the investment was being directed towards key infrastructure, equipment and amenities to support mining and processing activities at Kikonge. Mr Muyangwa disclosed that construction of the main access road to the Kikonge Mine was approximately 80 per cent complete, while construction of a dam was underway. He added that ZCCM-IH was also supporting the project with mineral processing equipment to enhance mining and gold processing activities.
“The investment in Kikonge is part of ZCCM-IH’s commitment to supporting the formalisation and sustainable development of artisanal and small-scale mining in Zambia, while creating an enabling environment for increased local participation in the gold value chain,” Mr Muyangwa said.
Speaking at the same engagement, Ministry of Mines and Minerals Development Permanent Secretary, Dr Hapenga Kabeta, said illegal gold mining activities at Kikonge had been stopped following the deployment of military personnel. Dr Kabeta said Government had historically not benefited adequately from the country’s gold resources, with significant quantities of the mineral being traded through illegal markets.
He said Government, through ZCCM-IH, was putting systems in place to ensure that gold produced at Kikonge and elsewhere in the country was formally purchased and traded. “This will help improve accountability in gold production and trading while ensuring that more value from the country’s gold resources is retained within the formal economy,” Dr Kabeta said.
The Permanent Secretary further emphasised the importance of bringing artisanal and small-scale gold mining activities into the formal economy, noting that this would create greater opportunities for Government, mining cooperatives and local communities to benefit from the country’s mineral resources.
At the 22nd Annual General Meeting of Members of ZCCM Investments Holdings Plc held on 11 September 2026 at the ZCCM-IH Office Park, Alick Nkhata Road, Mass Media, Lusaka, Zambia, the Shareholders approved a final dividend of ZMW 1.13 per share for the financial year ended 31 December 2025.
On Friday, 11 September 2026, ZCCM Investments Holdings Plc (ZCCM-IH) held its 22nd Annual General Meeting (AGM) at the ZCCM-IH Office Park Conference Hall in Lusaka, with shareholders also participating virtually. The meeting provided an opportunity to review the Company’s performance, approve key resolutions and discuss its future growth.
A key highlight was shareholders’ approval of a final dividend of ZMW 1.13 per share for the year ended 31 December 2025, representing a total payout of approximately ZMW 183 million (US$10 million) and marking ZCCM-IH’s 11th consecutive annual dividend since 2015.
The AGM also highlighted growth in shareholder value. During 2025, the Company’s share price on the Lusaka Securities Exchange increased from ZMW 65.00 to ZMW 166.00, while market capitalisation surpassed US$1 billion, making ZCCM-IH the third-largest company on the exchange. Net Asset Value per share stood at ZMW 267.44, representing an increase of more than 235% since 2021.
Shareholders also adopted the 2025 Annual Report and audited financial statements, confirmed Board appointments, approved the process for appointing external auditors for 2026–2028, and approved the proposed adjustment to Directors’ fees.
In November 2026, ZCCM-IH will launch its new ten-year strategy at the Shareholder Open Day, setting the long-term direction for the portfolio and strengthening the Company’s focus on royalty and dividend income streams and long-term shareholder value.
ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”) refers shareholders to its Cautionary Announcement dated 10 July 2026 and the subsequent cautionary announcement issued on 28 August 2026 and advises that it is progressing with a proposed Listing Optimisation Project involving its listings on the Lusaka Securities Exchange (“LuSE”), Euronext Access Paris and the London Stock Exchange (“LSE”).
ZCCM Investments Holdings Plc (ZCCM-IH) recorded a 40% rise in investment income to ZMW3.4 billion in 2025, supported by increased royalty earnings from Kansanshi following the S3 expansion and dividend income from Maamba Energy and CEC. The value of its investment portfolio also increased to US$1.91 billion, reflecting stronger performance across key assets, particularly CEC and Mopani. However, the company reported a ZMW4.92 billion Group loss, mainly because the exceptional gain from the 2024 Mopani transaction was not repeated, alongside the impact of valuation changes, finance costs, foreign exchange movements and the Trafigura arbitration provision. And ZCCM-IH Chief Executive Officer Kakenenwa Muyangwa said 2025 was a year of execution and delivery, with the company focused on converting strategic investments into sustainable cash returns.