Zambian Potentially Undervalued Companies

Real Estate Investments Zambia

Market Cap: US$15.0m

Invests, develops, and restructures commercial, residential, and non-commercial property for commercial letting in Zambia.

Airtel Networks Zambia

Market Cap: K9.1b

Provides cellular radio telecommunication services to individual and business customers in Zambia.

AECI Mining Explosives

Market Cap: K765.2m

Manufactures and distributes bulk emulsion, packaged explosives, initiating systems, and explosives accessories in Central Africa.

ZCCM Investments Holdings

Market Cap: K194.6m

Operates as a diversified mining investment and operations company in Zambia and internationally.

British American Tobacco (Zambia)

Market Cap: K1.1b

Engages in the manufacturing, sales, and distribution of cigarettes and nicotine products in Zambia.

Metal Fabricators of Zambia

Market Cap: K162.5m

Manufactures and sells copper rods, and copper and aluminum electrical conductors in Zambia.