Zambian Potentially Undervalued Companies

AECI Mining Explosives

Market Cap: K1.3b

Manufactures and supplies mining explosives and mining chemicals in Africa, Europe, Southeast Asia, North America, South America, and Australia.

Airtel Networks Zambia

Market Cap: K10.0b

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

ZCCM Investments Holdings

Market Cap: K297.6m

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

Puma Energy Zambia

Market Cap: K2.3b

Engages in marketing and distribution of petroleum products in Zambia.

British American Tobacco (Zambia)

Market Cap: K1.3b

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