The Zambia Consolidated Copper Mines Investments Holdings (ZCCM-IH) has offloaded 28 million shares it holds on behalf of the government in various mines to the public.
The shares offer which has opened today will close on Monday, 30th November, 2015ZCCM-IH
ZCCM-IH Chief Executive Officer Pius Kasolo has told journalists in Lusaka today that the main objective of the sale down is to enable Zambians take an active role in the running of the mining sector by owning shares in some of the biggest mining companies in the country as well as investments in other strategic sectors of the economy.
Dr. Kasolo says for the first time in the history of ZCCM-IH, the government is availing the opportunity to every Zambian to own part of one of the highest value stock on the Lusaka Stock Exchange that is also listed on the London Stock Exchange and the Paris Stock Exchange.
He has also encouraged Zambians in the Diaspora to take advantage of the ZCCM-IH shares offer and actively participate in the Zambian stock market.
Dr Kasolo says the share sale down will be actively promoted nationwide and also in Diaspora to ensure equitable participation of all Zambian citizens.