ZCCM Investments Holdings (ZCCM-IH), Zambia’s mining and investment firm, has appointed London-based corporate advisory firm Bowsprit Partners as its financial adviser and corporate broker in the United Kingdom, for the London Stock Exchange listing. The move is believed to be part of ZCCM-IH’s broader strategy to expand its global footprint and increase its market capitalisation from the current $1.4 billion to an ambitious $7 billion over the next decade. However, some stakeholders believe the company should focus more on deepening local ownership. In an interview with the Zambian Business Times (ZBT), Joseph Mwansa, a mining expert and President of the...
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