AIRTEL Zambia Networks Plc has crossed the US$1 billion market capitalisation mark on the Lusaka Securities Exchange (LuSE). In a statement, Tuesday, the Lusaka Securities Exchange (LuSE) said Airtel had become the fourth “unicorn” listed on the platform to reach the billion-dollar valuation milestone. The Copperbelt Energy Corporation (CEC) was the first company to reach the milestone, followed by ZCCM Investments Holdings (ZCCM-IH) and Zambia Sugar. The exchange said the achievement reflects a maturing capital market driven by strong investor confidence and supported by favourable exchange rate movements that have boosted the US dollar value of Zambian equities. “We are excited to congratulate Airtel Zambia Networks Plc on crossing the $1 billion market capitalisation threshold on the Lusaka Securities Exchange,…
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