How many companies are there in Zambia?

As of Nov 2026, there are 1,483 companies in Zambia.

How many companies in Zambia have received funding?

As of Nov 2026, a total of 168 companies in Zambia have secured funding.

How many acquisitions have taken place in Zambia?

As of Nov 2026, Zambia has seen a total of 19 acquisitions.

Startups in Zambia - 2026 Latest Funding Rounds, Trends and News

Zambia has over 1,483 startups across the country. Of these, 168 are funded companies that have collectively raised $1.11B in venture capital and private equity. A total of 138 investors have participated in 198 funding rounds, with 10 startups securing early-stage funding. In the last five years, 250 new companies have been founded, raising over $5.4M in funding. Startups in Zambia have witnessed 19 acquisitions and 11 IPOs, while 284 startups wrapped up operations. Additionally, 33 companies have been founded by women.

Key Metrics

Total Companies

1.48K

Top Companies

Zamtel, Lupiya & 3 more

Total Funding

$1.11B

Funded Companies

168

Series A+ Companies

IPOs

Acquisitions

View complete details of startups in Zambia

Zamtel is the top company in Zambia, ranked using Tracxn Score (what's this?).

Here are 5 of the top companies in Zambia:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Zamtel	Integrated telecommunication services provider	Lusaka (Zambia)	1913	Unfunded	-
Lupiya	Online lending marketplace for consumer and business loans	Lusaka (Zambia)	2016	Series A	$20.5M
ZESCO	Generates, distributes and supplies electricity in Zambia	Lusaka (Zambia)	1970	Funding Raised	-
Zambeef	Integrated food producer and distributor	Lusaka (Zambia)	1994	Public	-
Zambia National Commercial Bank	Diversified financial institution	Lusaka (Zambia)	1969	Funding Raised	-

Get a longer list of companies

In the year 2026, till February 2026, $11.3M has been raised in 2 equity funding rounds across Zambia.

Here are some recent, important funding rounds in Zambia:

Company	Round Raised	Amount Raised	Funding Date	Investors
Zamgoat	Seed	3007	Feb 25, 2026	-
Lupiya	Series A	4269	Feb 17, 2026	Alitheia IDF and 2 more
Dawa Mkononi	Seed	4434	Dec 10, 2025	Boehringer Ingelheim
SUN	Seed	8333	Jul 03, 2024	Gordon and Betty Moore Foundation and 1 more
Bosso	Seed	9854	Jun 03, 2024	Launch Africa and 3 more

See a more detailed list of funding rounds

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1.5K+ Total Companies
$1.11B+ Total Funding
165+ Funded Companies
10+ IPOs
15+ Acquisitions

Europa is the top investor in companies of Zambia based on number of companies invested.

Here are some top investors in Zambia:

Investor	Location	Top Portfolio Companies
Europa	Belgium	COMESA Secretariat, COMACO and Cavendish University
HHS	Washington, DC (United States)	NAC, Unza and Tdrc
BongoHive	Lusaka (Zambia)	eMsika, Agricomm Media and Wilocate Logistics
Kukula Capital	Lusaka (Zambia)	Java Foods, Betternow Finance Company and Postdotnet
FinTech4U	Zambia	PremierCredit, Mangwee and SEC Zambia

See a more detailed list of investors

In the year 2026, till March 2026, 2 acquisitions happened in Zambia. Last year, in 2025, a total of 1 acquisition happened in Zambia.

Here are some recent, important acquisitions in Zambia:

Company	Acquisition Type	Acquisition Date	Acquirers
Lunsemfwa Hydro Power	Business Acquisition	Mar 03, 2026	Globeleq
Entrepreneurs Financial Centre	Business Acquisition	Feb 18, 2026	NMB Bank
Vitalite Group	Business Acquisition	Jun 13, 2025	Solar Panda
Time Clock Now	Business Acquisition	Feb 23, 2024	Sylogist
Lubambe	Business Acquisition	Jan 24, 2024	JCHX Mining Management