Zambia Listed Companies
Number of listed domestic companies CM.MKT.LDOM.NO
Zambia's listed companies was 20 in 2025, ranked 65th globally. This represents a 0.0% increase from 2024. Data from World Bank, covering 1995–2025.
Overview
Zambia's listed companies stood at 20 in 2025, a rise of +0 from 2024. Based on recent trends, this figure is projected to reach 20 by 2025. Zambia ranked 65th globally.
Zambia’s stock‑exchange listed companies rose from a low of 2.00 in 1995, the all‑time trough, to a peak of 30.00 in 2002, before settling at 20.00 in 2025, a level that places the country 65th globally. The 13‑year expansion after the 1995 trough reflects a period of liberalisation and increased foreign investment, yet the post‑2002 decline suggests that the early‑2000s boom was not sustained. Compared with regional peers, Zambia’s 2025 figure is slightly below Tanzania’s 22.00 and Botswana’s 21.60, but above Seychelles’ 18.90, indicating a middle‑of‑the‑pack performance in Southern Africa. The 19‑year coverage shows that, while the market has recovered from its historic low, growth has plateaued in recent years. Continued reforms to improve corporate governance and attract new listings could revive upward momentum, potentially pushing the number of listed firms beyond the current 20.00 benchmark.
Data & projection
| Year | Listed Companies | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 19 | - | - |
| 2026* trend | 19 | - | - |
| 2025* trend | 20 | - | - |
| 2025 | 20 | +0 | #65 |
| 2024 | 20 | −2 | #7 |
| 2023 | 22 | +0 | #7 |
| 2022 | 22 | +0 | #8 |
| 2021 | 22 | −1 | #10 |
| 2020 | 23 | +3 | #14 |
| 2011 | 20 | +6 | #9 |
| 2006 | 14 | +2 | #7 |
| 2005 | 12 | +1 | #8 |
| 2004 | 11 | +1 | #8 |
| 2003 | 10 | −20 | #6 |
| 2002 | 30 | +21 | #17 |
| 2001 | 9 | +1 | #7 |
| 2000 | 8 | −6 | #7 |
| 1999 | 14 | +4 | #10 |
Detected Pattern
Analysis
Zambia matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw listed companies improve within 24 months. View full analysis →
Frequently Asked Questions
Zambia's listed companies was 20 in 2025. Ranked 65th globally. This represents a 0.0% increase from the previous year.
Zambia's listed companies peaked at 30 in 2002.
The lowest listed companies in Zambia was 2 in 1995.
Zambia ranks 65th globally in listed companies as of 2025.
The World Bank indicator code is CM.MKT.LDOM.NO. Data sourced from World Bank.
Zambia's listed companies is projected to reach 20 by 2025 based on trend extrapolation.
The listed companies of Zambia in 2025 was 20. This ranks 65th in the world.
Cite this page
@misc{historysaid_zambia_listed-companies,
title = {Zambia Listed Companies},
url = {https://historysaid.com/zambia/listed-companies/},
publisher = {HistorySaid},
year = {2026}
}