veri blog

For the first time since it tumbled into default in 2020, Zambia is beginning a new month with something it has not seen in years: two major rating agencies moving in the right direction at the same time. On 21 November 2025 , S&P Global Ratings lifted Zambia’s foreign-currency sovereign rating from selective default (SD) to CCC+/C with a stable outlook , explicitly acknowledging that the country had “exited default status” after making substantial progress in restructuring i

Five years after missing a US$42.5 million Eurobond coupon and tumbling into default, Zambia has finally clawed its way back into the good graces of at least one major rating agency. On Friday, S&P Global Ratings  lifted Zambia’s long- and short-term foreign-currency ratings to CCC+/C  from selective default (SD) , formally removing the scarlet letter that has hung over the country since 2020. “It confirms that Zambia has moved out of default status and is steadily restoring

ISIN: ZM0000000250 A Quiet Giant: The Origins and Heritage of Zanaco Founded in 1969 , Zambia National Commercial Bank PLC (Zanaco) stands as one of Zambia’s oldest, largest, and most trusted financial institutions. It was established by the Government of the Republic of Zambia with a vision to create a bank that would serve all Zambians — from large corporations to rural communities. Over five decades later, Zanaco has evolved from a state-owned retail bank into a modern,

ISIN: ZM0000000037 A Quiet Giant: The Origins and Heritage of ZCCM ZCCM Investments Holdings PLC (ZCCM-IH) is one of Zambia’s most significant and historically influential companies — a remnant and evolution of the nation’s mining legacy. Its roots trace back to the Zambia Consolidated Copper Mines (ZCCM) , which emerged after the nationalization of the mining sector in the early 1970s, when Zambia took ownership of the assets previously operated by private mining companies.