The Meridian

Southern Africa

Zambia: capital, investors and market indicators

Investors headquartered in or publicly active in Zambia, with the latest economic indicators from the World Bank and IMF. For risk ratings, sector intelligence and deal flow, see the Zambia country intelligence page.

Market indicators

GDP
$28.7bn2025
Real GDP growth
3.8%2025
GDP per capita
$1,3102025
Consumer price inflation
13.9%2025
Population
21.9m2025
Current account balance (% of GDP)
-5.5%2025
General government gross debt (% of GDP)
100.6%2025

Sources: IMF World Economic Outlook via the IMF DataMapper (latest year shown is no later than 2025; recent years may be IMF estimates). Latest available year shown; refreshed weekly. Compare all 54 markets.

International investors active in Zambia

InvestorTypeHeadquartersSector focus
Absa Bank LimitedCorporate investorFinancial services, Agriculture and food, Energy and power
Access Bank PlcCorporate investorFinancial services
Access Bank PlcCorporate investorFinancial services
Access Holdings PlcCorporate investorFinancial services, Technology
Adanian LabsVenture capital firmFinancial services, Energy and power, Consumer
Airtel Africa PlcCorporate investorTechnology, Telecoms and digital infrastructure, Manufacturing and industrials
Ecobank Transnational IncorporatedCorporate investorFinancial services
Globeleq Africa LimitedPrivate equity firmEnergy and power
GroFinPrivate credit manager
International Finance Corporation (IFC)Development finance institutionUnited StatesFinancial services, Energy and power, Technology
Phatisa Group LimitedPrivate equity firmAgriculture and food, Consumer, Real estate and housing
The African Development Bank Group (AfDB)Development finance institutionCôte d'IvoireEnergy and power, Financial services, Manufacturing and industrials
The African Development Bank Group (AfDB)Development finance institutionEnergy and power, Financial services, Manufacturing and industrials
XSML Capital LimitedPrivate credit manager

Recent transactions in Zambia

DateTransactionTypeValueMarket
16 Oct 2026Fortis Green Renewables and Zeitinger Invest invest in GRIPS Energy Group's operations in sub-Saharan AfricaPrivate Equity, Infrastructure & Project FinanceUndisclosedZambia
13 Oct 2026E4E Africa leads USD 5 million secondary investment in KuundaVenture Capital$5mZambia
13 Oct 2026Kholo Capital invests R275 million in DCC Holdings' operations in South AfricaPrivate Credit$16.7mBotswana
13 Oct 2026Energy and Environment Partnership Trust Fund (EEP Africa) invests EUR 1 million in Solarise Africa's operations in Uganda and ZambiaInfrastructure & Project Finance$1.1mZambia
9 Oct 2026Airtel Money's IPO at GBP 529 millionPrivate Equity, Corporate Transactions$699.8mRwanda
7 Oct 2026Moussa Diao and Hervé Bouvet acquire Oryx Energies in a management buyoutCorporate TransactionsUndisclosedNigeria
30 Sep 2026FMO and BII invest USD 52.1 million in the Kafue Solar Project, a 40 MWac (56 MWp) solar photovoltaic power plant near Kafue Town, Lusaka Province, ZambiaPrivate Credit, Infrastructure & Project Finance$52.1mZambia
28 Sep 2026Luxembourg fund invests EUR 25 million in Afriland First Bank's operations in CameroonPrivate Credit$28.4mZambia
25 Sep 2026Inside Capital Partners invests in Wuchi Wami's operations in ZambiaPrivate EquityUndisclosedZambia
23 Sep 2026Acumen invests USD 5 million in Sun King's operations in ZambiaPrivate Equity$5mTanzania
22 Sep 2026KCB Group acquires a 22.23% stake in Pesapal's operations in East AfricaCorporate Transactions, Venture CapitalUndisclosedUganda
18 Sep 2026Prudential Financial exits Alexforbes for USD 185 millionPrivate Equity$185mZimbabwe
14 Sep 2026Solar Industries India acquires Omnia Holdings for R21.8 billionCorporate Transactions, Natural Resources$1.3bnMali
10 Sep 2026Private Infrastructure Development Group (PIDG) and Impact Fund Denmark (IFDK) invest USD 11.5 million in Africa GreenCo's operations in Southern AfricaPrivate Equity, Infrastructure & Project Finance$11.5mZimbabwe
8 Sep 2026Africa Jobs Fund invests in Velocity's operations in Malawi and ZambiaPrivate CreditUndisclosedUganda

All Zambia transactions

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