Zambia’s highest-grossing companies

Zambia’s highest-grossing companies

Zambia, a resource-rich country in Southern Africa, has a diverse economy driven by mining, agriculture, manufacturing, and financial services. The highest-grossing companies in Zambia primarily operate in the mining, banking, telecommunications, and retail sectors. Here’s a look at some of the most successful businesses in the country:

1. First Quantum Minerals (FQM) – Kansanshi Mining PLC

First Quantum Minerals, a Canadian company, owns Kansanshi Mining PLC, Zambia’s largest copper and gold mine located in Solwezi. The company is a major contributor to Zambia’s GDP and exports, benefiting from the global demand for copper. Kansanshi Mining generates billions in revenue annually, making it one of the highest-grossing businesses in Zambia.

2. Barrick Gold – Lumwana Mine

Barrick Gold, another major mining company, owns and operates the Lumwana Copper Mine in Zambia’s Northwestern Province. Lumwana is one of the largest copper mines in Africa and contributes significantly to Zambia’s foreign exchange earnings. Barrick Gold continues to invest in mining operations, making it a top revenue-generating company.

3. Mopani Copper Mines

Mopani Copper Mines, now under the management of the Zambian government through ZCCM Investments Holdings, is another key player in Zambia’s mining sector. The company operates mines in Kitwe and Mufulira, producing substantial volumes of copper. Mining is the backbone of Zambia’s economy, and Mopani plays a critical role in export earnings.

4. ZESCO Limited

ZESCO (Zambia Electricity Supply Corporation) is the country’s state-owned power utility company. It is responsible for electricity generation, transmission, and distribution across Zambia. Despite financial challenges, ZESCO remains one of the highest-grossing companies in Zambia, serving industries, businesses, and households.

5. MTN Zambia

MTN Zambia, a subsidiary of South Africa’s MTN Group, is one of the country’s leading telecommunications companies. With millions of subscribers, MTN earns substantial revenue from mobile services, data, and digital solutions. The company competes with Airtel Zambia and Zamtel but remains a dominant force in Zambia’s telecom sector.

6. Airtel Zambia

Airtel Zambia, a subsidiary of India’s Bharti Airtel, is another major telecommunications provider. The company generates significant revenue from voice calls, data, and mobile financial services. Airtel Money, its mobile banking platform, has become a vital financial service for many Zambians.

7. Zambia Sugar PLC

Zambia Sugar, owned by Illovo Sugar (a subsidiary of Associated British Foods), is the largest sugar producer in Zambia. Its operations in Mazabuka contribute significantly to Zambia’s agricultural sector. The company exports sugar to regional markets, making it one of the highest-earning agribusinesses in the country.

8. Zambia National Commercial Bank (Zanaco)

Zanaco is one of Zambia’s largest commercial banks, offering banking, loans, and investment services. With a wide customer base and corporate partnerships, Zanaco earns substantial revenue through financial transactions and lending services.

9. Shoprite Zambia

Shoprite, a South African retail giant, has a strong presence in Zambia, operating numerous supermarkets across the country. The company generates high revenue from grocery sales, household goods, and other consumer products, making it a leading retailer in Zambia.

10. Trade Kings Group

Trade Kings is Zambia’s largest FMCG (Fast-Moving Consumer Goods) company, manufacturing products like detergents, snacks, and beverages. The company dominates the local market and exports its products to neighboring countries, generating significant revenue.

These companies contribute heavily to Zambia’s economy, creating jobs and driving industrial growth.