Zambia’s Digital Innovator Dotcom Zambia Secures First Alternative Market Listing
The listing reflects Dotcom Zambia’s strong governance and long-term performance while providing a pathway for more Zambians to participate in the growing digital economy.
Dotcom Zambia has marked a historic milestone by becoming the first small and medium-sized enterprise (SME) to list on the Lusaka Securities Exchange (LuSE) Alternative Market. This achievement represents a significant step for digital innovation, SME financing, and inclusive capital market development in Zambia. The listing reflects Dotcom Zambia’s strong governance and long-term performance while providing a pathway for more Zambians to participate in the growing digital economy.
The event, held on 25th November 2025, was attended by key government officials, LuSE executives, investors, and partners. The Minister of Technology and Science, Hon. Felix Chipota Mutati MP, served as the guest of honour, commending Dotcom Zambia for its achievement and encouraging further regulatory support to strengthen Zambia’s digital ecosystem.
Dotcom Zambia’s listing demonstrates the potential of locally developed innovation, with its CEO, Mr. Mawano Kambeu, emphasizing that the move is not only for capital raising but also to enhance visibility, credibility, and governance standards. “Local innovators now belong at the big table,” he said, highlighting the company’s journey from a university dorm room to a leading e-tolling and digital services provider.
The LuSE Alternative Market provides SMEs with a sustainable platform to raise long-term capital, offering an alternative to traditional high-interest lending channels. LuSE CEO Mr. Nicholas Kabaso described the listing as a national turning point, noting that it opens capital markets to SMEs, modernizes Zambia’s financial systems, and creates homegrown investment opportunities aligned with global best practices.
The announcement also underscores the strength of Zambia’s ICT sector, which grew by 17.4% last year—the fastest among all sectors. Mobile money volumes now rival the country’s GDP, broadband connectivity targets 94.4%, and Zambia ranks 92.6% in cybersecurity resilience. These developments highlight the supportive environment for digital innovation and economic growth.
Dotcom Zambia and its partners, including Kukula Capital, stressed the importance of strong governance, strategic collaboration, and continued support from investors, policymakers, and the media. The CEO and board called on SMEs to consider listing, investors to support local enterprises, and young Zambians to pursue innovation, demonstrating that privilege is not required to make a difference.
The listing of Dotcom Zambia on the LuSE Alternative Market sets a precedent for other SMEs in Zambia, signaling trust in local innovation and marking the beginning of a new chapter in the country’s economic and digital development.
