ZCCM-IH has announced that it has crossed the $1 billion market capitalisation mark on the Lusaka Securities Exchange Plc (LuSE). And Mines and Minerals Development Minister Paul Kabuswe says ZCCM-IH’s milestone mirrors the investor confidence in Zambia’s economy. Meanwhile, the Lusaka Security Exchange says Zambia’s capital market is growing, adding that it is time to consider tapping into the expanding pool of investors. Addressing the media, Thursday, ZCCM-IH Chairperson Phesto Musonda said this was a testament to the company’s transformation. “This moment is more than just a financial achievement, it is a testament to the resilience and transformation of ZCCM-IH since 2021. From guaranteeing a $1.7 billion Glencore debt in 2020, to a now strengthened balance sheet having resolved and...
