The Republic of Zambia is a landlocked country in Southern Africa, [1] neighbouring the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west. The capital city is Lusaka, in the south-central part of Zambia. The population is concentrated mainly around Lusaka in the south and the Copperbelt Province to the northwest, the core economic hubs of the country.
The Zambian economy has historically been based on the copper-mining industry. The discovery of copper is owed partly to Frederick Russell Burnham, the famous American scout who worked for Cecil Rhodes. [2]
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
Name | Industry | Sector | Headquarters | Founded | Notes |
---|---|---|---|---|---|
Access Bank Zambia | Financials | Banks | Lusaka | 2009 | Commercial bank |
Aero Zambia | Consumer services | Airlines | Lusaka | 1996 | Airline, defunct 2000 |
Bangweulu Power Company Limited | Renewable Energy | Solar power | Lusaka | 2017 | Owned by Consortium Members: Neoen, First Solar and IDC Zambia |
Cavmont Bank | Financials | Banks | Lusaka | 2004 | Commercial bank |
Chilanga Cement | Industrials | Building materials & fixtures | Chilanga | 1949 | Cement, LuSE:CHIL |
Copperbelt Energy Corporation | Utilities | Electricity | Kitwe | 1997 | Power Generation and Transmission, Lusaka Stock Exchange:CECZ |
Atlas Mara Bank Zambia Limited | Financials | Banks | Lusaka | 1986 | Commercial bank, formerly Finance Bank Zambia Limited |
First Alliance Bank Zambia Limited | Financials | Banks | Lusaka | 1994 | Commercial bank |
FQM Trident Limited | Basic Materials | Mining | Kalumbila | 2006 [3] | Products: Copper Ownership: First Quantum Minerals 100% [4] |
Indeni Petroleum Refinery | Energy | Petroleum | Ndola | 1973 | Products: Gasoline, Jet fuel, LPG, Asphalt, Fuel oil |
Indo-Zambia Bank Limited | Financials | Banks | Lusaka | 1984 | Commercial bank |
Intermarket Bank | Financials | Banks | Lusaka | 1971 [5] | Acquired by Afriland First Bank (Cameroon) in 2010 |
Investrust Bank | Financials | Banks | Lusaka | 1996 | Commercial bank, Lusaka Stock Exchange:INVE |
Kansanshi Mining Plc [6] | Basic Materials | Mining | Solwezi | 2005 | Products: Copper and Gold, JV Partners: First Quantum Minerals 80%, ZCCM-IH 20% [7] (LuSE:ZCCM) |
Konkola Copper Mines | Basic materials | Nonferrous metals | Chingola | 1957 [8] | Products: Copper, JV Partners: Vedanta Resources (UK) 79.4%. ZCCM-IH 20.6% |
Lumwana Mining Company (LMC) | Basic Materials | Mining | Lumwana | 1999 | Products: Copper, 100% Owned by Barrick Gold [9] |
Lusaka Stock Exchange | Financials | Investment services | Lusaka | 1994 | Primary stock exchange |
Mopani Copper Mines | Basic Materials | Mining | Kitwe | Products: Copper, Cobalt | |
Mobile Transactions Zambia | Financials | Specialty finance | Lusaka | 2009 | Money movement firm |
Ndola Lime Company Limited | Industrials | Mining | Ndola | 1931 | Products: Limestone |
Ngonye Power Company Limited | Renewable Energy | Solar Power | Kafue | 2018 | JV Partners: Enel Green Power and IDC Zambia |
Railway Systems of Zambia | Industrials | Railroads | Lusaka | 2003 | Charter revoked 2012 [10] |
Standard Chartered Zambia | Financials | Banks | Lusaka | 1906 | Commercial bank, part of Standard Chartered (UK), Lusaka Stock Exchange:SCBL |
The Post | Consumer services | Publishing | Lusaka | 1991 | Newspaper |
Times of Zambia | Consumer services | Publishing | Ndola | 1943 | Newspaper |
Zambeef Products | Consumer goods | Food products | Lusaka | 1994 [11] | Beef producer, Lusaka Stock Exchange:ZMBF |
Zambezi Airlines | Consumer services | Airlines | Lusaka | 2008 | Airline, defunct 2012 |
Zambia Airways | Consumer services | Airlines | Lusaka | 1964 | flag carrier Airline, defunct 1995, Relaunched 2021. JV Partners: IDC 55%. Ethiopian Airlines 45%[ citation needed ] |
Zambia Daily Mail | Consumer services | Publishing | Lusaka | 1965 | State run newspaper |
Zambia National Commercial Bank (Zanaco) | Financials | Banks | Lusaka | 1969 | Commercial bank, Lusaka Stock Exchange:ZNCO |
Zambia Railways | Industrials | Railroads | Lusaka | 1905 | Railways |
Zambian Airways | Consumer services | Airlines | Lusaka | 1948 | Airline, defunct 2009 |
Zambian Breweries | Consumer goods | Brewers | Lusaka | 1963 | Brewery, Lusaka Stock Exchange:ZABR |
Zambia Sugar | Consumer Goods | Agriculture | Mazabuka | 1964 | Sugar, Lusaka Stock Exchange:ZSUG |
ZAMNET | Telecommunications | Fixed line telecommunications | Lusaka | 1994 | ISP |
ZamPost | Industrials | Delivery services | Ndola [12] | 1896 [13] | Postal service |
Zamtel | Telecommunications | Fixed line telecommunications | Lusaka | 1994 | Telecom |
ZCCM Investments Holdings | Basic materials | Nonferrous metals | Lusaka | 2000 | Nationalized copper mines, Lusaka Stock Exchange:ZCCM |
ZESCO | Utilities | Electricity | Lusaka | 1970 | Power Generation, Transmission & Distribution |
Top ten firms by revenues in ZMW.
Name | FY2021 Revenue (ZMW) | Source | Notes |
---|---|---|---|
First Quantum Minerals Zambia (FQMZ) | 72,828,000,000 | [14] | Zambia operations of First Quantum Minerals, Kansanshi and FQM Trident (Sentinel) Mining Operations |
Lumwana Mining Company Limited (LMC) [15] | 16,835,000,000 | [16] | Zambia operations of Barrick Gold Based on USD$962m |
Mopani Copper Mines Plc | 14,927,500,000 | [17] | Based on USD$853m (2021 ZMW spot conversion) in extraction at Mopani Copper Mines. |
Konkola Copper Mines Plc | 11,978,400,000 | [18] | Based on USD$1,085m (2019 ZMW Average year ended 31 March 2019) in operations |
Copperbelt Energy Corporation | 5,985,000,000 | [19] | Based on USD$342m (2021 ZMW spot conversion) revenues. |
Puma Energy Zambia | 5,841,402,000 | [20] | |
Zambia Sugar | 4,989,980,000 | [21] | |
Zambeef Products | 4,974,351,000 | [22] | |
Zambia National Commercial Bank | 3,511,658,000 | [23] | |
Zambian Breweries | 3,068,959,000 | [24] | |
Metal Fabricators of Zambia | 2,424,306,000 | [25] | |
Chilanga Cement | 2,113,725,000 | [26] |
Zambia is a developing country, and it achieved middle-income status in 2011. Through the first decade of the 21st century, the economy of Zambia was one of the fastest-growing economies in Africa, and its capital, Lusaka, the fastest-growing city in the Southern African Development Community (SADC). Zambia's economic performance has stalled in recent years due to declining copper prices, significant fiscal deficits, and energy shortages.
Chingola is a town in Zambia's Copperbelt Province, the country's copper-mining region, with a population of 216,626. It is the home of Nchanga Copper Mine, a deep-shaft high-grade content copper mining operation, which subsequently led to the development of two open pit operations, Chingola Open Pit and then Nchanga Open Pit.
First Quantum Minerals is a Canadian-based mining and metals company whose principal activities include mineral exploration, development and mining. Its main product is copper, which accounts for 80% of revenues as of 2016.
Kitwe is the third largest city in terms of infrastructure development and second largest city in terms of size and population in Zambia. With a population of 517,543 Kitwe is one of the most developed commercial and industrial areas in the nation, alongside Ndola and Lusaka. It has a complex of mines on its north-western and western edges.
Mazabuka is a town in the Southern Province of Zambia. It is the capital of Mazabuka District, one of the thirteen administrative units in the Southern Province.
ZCCM Investments Holdings is a successor company to Zambia Consolidated Copper Mines Limited, of Zambia.
The Zambia Super League, known as the MTN Super League for sponsorship purposes, is the top association football league created in 1962 by the Football Association of Zambia. The winners of the league each season receive ZMW1,000,000 ($40000) and a copper trophy engraved with their team name.
The Lusaka Securities Exchange is the principal stock exchange of Zambia. Founded in 1993, it is located in Lusaka. The LuSE is a member of the African Stock Exchanges Association.
Konkola Copper Mines is a copper mining and smelting company in Zambia. It is 80% owned by Vedanta Resources, a mining conglomerate based in Mumbai and London.
Chilanga Cement is a company of Zambia. Chilanga is principally a cement company, producing cement and cement clinker. The company also sales aggregates from a quarry it operates in Chilanga. The company is headquartered in Chilanga which is close to Lusaka, the national capital.
Zambia National Commercial Bank, commonly referred to by the name "Zanaco", is a commercial bank in Zambia. It is licensed by Bank of Zambia, the central bank and national banking regulator. In 2021, Zanaco became the first bank in Zambia to register ZMW1bn in profit after tax.
Standard Chartered Zambia, officially Standard Chartered Bank Zambia Plc, commonly known as is a Stanchart Zambia, is a commercial bank in Zambia and a subsidiary of Standard Chartered. It is licensed by the Bank of Zambia, the central bank and national banking regulator.
Mining in Zambia produces several minerals and is a critical part of the country's economy. Copper comprises 70% of Zambia's total export earnings, and the country produces about 20% of the world's emeralds. Mineral resources are distributed throughout the country. Zambia produced 763,287 metric tons of copper in 2022.
Mopani Copper Mines PLC is a Zambian company that produces and sells copper and cobalt to the international market, being one of the biggest mines and exporters in the world.
Zambian Breweries Plc is part of Anheuser-Busch InBev (ABInBev), the largest brewer in the world, with more than 400 beer brands and some 200,000 employees in over 50 countries.
Kansanshi mine is a large copper and gold mine located in Solwezi in the North-Western Province of Zambia. The mine is approximately 14 kilometers north the town of Solwezi. Kansanshi is one of the largest copper reserves in Zambia, with estimated reserves of 727 million tonnes of ore graded at 0.86% copper.
The Lumwana mine is a large copper mine located in north-west Zambia in North-Western Province. Lumwana is owned by Barrick Gold and represents one of the largest copper reserves in Zambia and in the world having estimated 5.014 billion pounds of proven and probable copper reserves of ore grading 0.68% copper.
Copperbelt Energy Corporation Plc (CEC) is a Zambian electricity generation, transmission, distribution and supply company with operations in Zambia and Nigeria. The company is listed on the Lusaka Stock Exchange
The T3 is a trunk road in Zambia. The road runs from Kapiri Mposhi via Ndola, Kitwe and Chingola to Kasumbalesa on the border with DR Congo. The entire route is a toll road.
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