08/01/2026
Zambia Sugar Plc traces its origins to 1964, when it was established as a sugar estate in Mazabuka. Over time, the company evolved from a primarily agricultural operation into an integrated sugar producer, developing large-scale milling, refining and distribution capabilities. Today, it is Zambia’s largest sugar manufacturer and one of the largest single-mill sugar producers on the African continent, supplying both domestic and regional markets.
In the mid-1990s, as part of Zambia’s wider economic liberalisation and privatisation programme, Zambia Sugar transitioned into a publicly traded company. It was officially listed on the Lusaka Securities Exchange in 1996, giving local and institutional investors access to the business and anchoring it as one of the exchange’s long-standing blue-chip stocks. Since listing, the company has steadily expanded capacity, improved operational efficiency and diversified its product portfolio while maintaining a dominant position in the local sugar industry.
Nearly three decades after joining the LuSE, Zambia Sugar has reached a major valuation milestone, with its market capitalisation rising to approximately USD 1 billion, based on@ an equity value of about ZMW 21.21 billion. The achievement reflects the long-term nature of value creation in capital markets, shaped by sustained operations, investor confidence and supportive macroeconomic conditions, including recent foreign exchange movements. Reaching this scale places Zambia Sugar among a rare group of billion-dollar companies on the LuSE and marks a significant moment for both the company and Zambia’s equity market as a whole.