Zambian Potentially Undervalued Companies

AECI Mining Explosives

Market Cap: K642.8m

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

ZCCM Investments Holdings

Market Cap: K180.1m

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

Metal Fabricators of Zambia

Market Cap: K162.5m

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