Zambia’s stock market emerged as the world’s top performer in August, with the Lusaka Securities Exchange All Share Index soaring 14.3% amid a copper-driven economic surge. This impressive growth builds on a stellar year, with the index up nearly 56% in local currency terms and about 84% in US dollars, placing it among the globe’s leading exchanges. The rally has been fueled by soaring copper production, which jumped 18% in the first half of 2025, putting the nation on track for record output. Power supplier Copperbelt Energy Corp. has been a standout of the country’s exchange. Its shares have skyrocketed over 75%, making the firm Zambia’s first company to reach a $1 billion valuation. The commodity boom has also strengthened the Zambian kwacha and helped curb inflation, marking a transformative period for the nation’s economy.
Business Insider Africa
