Listed Companies Analysis Report 2021

Overview

We are pleased to present the second edition of PwC Zambia’s Listed Companies Analysis Report, which assesses the performance of companies listed on the Lusaka Securities Exchange.

Macroeconomic fundamentals improved significantly in 2021. Zambia’s gross domestic product grew 3.6% compared to a contraction of 2.8% recorded in 2020 (Source: Ministry of Finance and National Planning). The kwacha appreciated against major convertible currencies, strengthening 21% against the US dollar to end the year at K16.7/USD (2020: K21.2/USD), while inflation dropped to 16.4% from 19.2% at the end of 2020. All this was against a backdrop of falling Covid-19 cases and the reopening of the global economy.