ZCCM-IH and Wonderful Group Launch $30M Joint Venture to Revive Ndola Lime

Deal Summary

ZCCM Investments Holdings Plc and Wonderful Group of Companies Limited have formed a new joint venture, Ndola Lime (2026) Limited, with Wonderful Group contributing $30 million ($25 million equity and $5 million loan) to restore lime production and develop an integrated lime‑and‑cement facility in Ndola, Zambia. The agreement became effective on 26 May 2026, giving Wonderful Group a 55% stake and ZCCM‑IH a 45% stake in the venture.