Breaking Zambia Business News: Top 5 Companies to Watch in 2021
Zambia is one of the fastest-growing economies in Africa, with an abundance of natural resources that have spurred growth and development over the years. Despite the challenges of the Covid-19 pandemic and a volatile economic landscape, there are several companies in Zambia that have continued to thrive. In this article, we’ll highlight the top 5 companies to watch in 2021 and what makes them stand out.
1. Zambian Breweries Plc
Zambian Breweries Plc is a leading producer and distributor of alcoholic and non-alcoholic beverages in Zambia. The company has been in operation for over 50 years and has a strong reputation for quality products and services. In 2020, Zambian Breweries Plc launched its first-ever alcohol-free beer, ‘Eagle’, which has been well received by consumers. The company’s commitment to sustainability and responsible drinking is also commendable, with several initiatives aimed at reducing their environmental impact.
2. Zambia Sugar Plc
Zambia Sugar Plc is a subsidiary of the Illovo Sugar Africa Group and is the largest sugar producer in Zambia. The company operates in an integrated sugar value chain, from growing sugarcane to refining sugar. Zambia Sugar Plc has a strong focus on innovation and sustainability, with several projects aimed at reducing water consumption, improving agricultural practices, and promoting local economic development.
3. MTN Zambia
MTN Zambia is a telecommunications company that provides mobile phone services to over 5 million subscribers in Zambia. The company has been at the forefront of digital transformation in Zambia, with several initiatives aimed at improving access to mobile broadband, expanding network coverage, and promoting digital inclusion. MTN Zambia also values social responsibility, with several projects aimed at supporting education, healthcare, and social welfare.
4. Zanaco
Zanaco is one of Zambia’s largest commercial banks, with a strong presence in retail and corporate banking. The bank has a reputation for excellent customer service, technological innovation, and financial inclusion. Zanaco has several initiatives aimed at promoting financial literacy, supporting small and medium-sized enterprises, and promoting investment in Zambia’s economy.
5. Shoprite Zambia
Shoprite Zambia is a subsidiary of Shoprite Holdings, a South African retail giant with operations in several African countries. Shoprite Zambia operates a chain of supermarkets that offer a wide range of products, including groceries, household goods, electronics, and clothing. The company has a reputation for affordable prices, quality products, and excellent customer service. Shoprite Zambia has also invested in social and environmental initiatives, including wildlife conservation, education, and health.
In conclusion, Zambia’s economic landscape is home to several companies that are making waves in various industries. The companies mentioned above are just a few of the top performers to watch in 2021. These companies have shown a commitment to innovation, sustainability, social responsibility, and excellent customer service. With the right strategies and investments, they are poised to continue growing and contributing to Zambia’s economic development.
