Dot Com Zambia PLC is a Zambian technology company specialising in digital payment infrastructure, electronic tolling, mobility solutions and revenue collection systems. Founded by Zambian entrepreneur Mawano Kambeu, the company has evolved from an early e-commerce business into a publicly listed technology company serving government institutions, businesses and transport operators.
Today, Dot Com Zambia is best known for its eToll platform, but its operations extend into digital levy collection, fleet and mobility solutions, payment systems, software development and increasingly artificial intelligence.
The company reached an important milestone in December 2025 when its shares began trading on the Lusaka Securities Exchange Alternative Market, making it one of the most significant recent additions to Zambia’s publicly traded corporate sector. (Dot Com Zambia PLC)
Dot Com Zambia Company Overview
| Company | Dot Com Zambia PLC |
|---|---|
| Industry | Technology / Digital Payments |
| Founded | 2009 |
| Founder | Mawano Kambeu |
| Headquarters | Lusaka, Zambia |
| CEO | Mawano Kambeu |
| Board Chairman | Chabala Kunda |
| Main Products | eToll, eLevy, ePass and digital payment solutions |
| Stock Exchange | Lusaka Securities Exchange |
| Market | LuSE Alternative Market (Alt-M) |
| LuSE Ticker | DCZM |
| Listed | 2025 |
| Business Focus | Digital tolling, payments, mobility and digital infrastructure |
The company’s current corporate information identifies Mawano Kambeu as Founder and CEO and Chabala Kunda as Board Chairman.
What Does Dot Com Zambia Do?
Dot Com Zambia develops and operates technology platforms primarily designed around Zambia’s transport, payment and public-sector infrastructure.
Its business serves several broad customer groups:
- Government and public institutions
- Corporates and SMEs
- Transport and infrastructure companies
- Financial services organisations
Rather than simply selling software, Dot Com Zambia develops platforms that can process transactions and manage payments and operational information.
This distinction is important when looking at the company from an investment perspective.
Its technology becomes embedded within activities such as toll payments, fleet management and revenue collection, potentially allowing the company to benefit as transaction volumes and adoption of its platforms increase.
Dot Com Zambia eToll
eToll Zambia is probably Dot Com Zambia’s best-known product.
The system provides electronic toll-payment and management services for motorists and businesses using Zambia’s tolling infrastructure.
Dot Com Zambia says it launched Zambia’s first prepaid automated toll-payment platform in 2018 and subsequently became a market leader in the sector.
For an individual motorist, electronic tolling can reduce the need to make individual cash payments when passing through toll gates.
The platform becomes even more useful for companies operating fleets.
Businesses involved in areas such as:
- Trucking
- Logistics
- Distribution
- Passenger transport
- Construction
- Mining
- Agriculture
may operate dozens or hundreds of vehicles.
Digital toll management can help these businesses monitor and manage toll expenditure across their fleets.
According to current figures published by the company, Dot Com Zambia manages more than 50,000 vehicles, more than 300 corporate fleet accounts, and has processed more than 11 million transactions since its first transaction in March 2017.
These figures are company-reported and should be understood in that context.
eLevy Zambia
Another important Dot Com Zambia platform is eLevy.
The company launched its eLevy Payment System in 2020 to digitise revenue collection by local councils.
The platform is designed to enable payments from groups such as market vendors and bus operators while improving the recording and management of those payments.
Digital revenue collection can address several problems associated with traditional cash collection.
These can include:
- Poor transaction records
- Revenue leakage
- Difficulty reconciling payments
- Cash-handling risks
- Limited real-time information
- Administrative inefficiency
Moving these transactions into a digital system can give institutions better visibility over how much money has been collected and when.
Dot Com Zambia says the eLevy ecosystem has the potential to reach more than 800,000 users nationally.
ePass and Mobility Solutions
Dot Com Zambia also operates ePass, which forms part of its broader mobility and payments ecosystem.
Its platforms increasingly connect payments with vehicle and fleet management rather than operating simply as standalone payment products.
This positions the company within the broader digitalisation of Zambia’s transport sector.
For corporate fleet operators, the opportunity extends beyond paying tolls. Digital platforms can potentially provide information that businesses can use to better understand transport costs and vehicle activity.
eFuel
Dot Com Zambia’s broader product ecosystem also includes eFuel, extending its transport-related technology into fuel payments and management.
Fuel is one of the largest operating expenses for many transport and logistics businesses.
Combining areas such as fuel expenditure, toll payments and fleet information within digital systems creates opportunities for better cost monitoring.
The company’s investor-relations material describes Dot Com Zambia as operating across electronic tolling, fuel payments and digital payment solutions for Zambia’s transport sector.
Dot Com Zambia and Artificial Intelligence
Dot Com Zambia is also expanding into artificial intelligence.
The company currently promotes Zuba AI, an AI platform integrated into eToll.
Its stated capabilities include:
- AI customer assistants
- Enterprise search
- Workflow automation
- Business intelligence
Dot Com Zambia is also developing AI functionality around its eToll Plus platform, including fleet intelligence, financial analysis, trip planning, insights and alerts.
This represents an interesting evolution in the business.
The company started by solving transactional problems—such as making toll payments easier—but increasingly has the opportunity to use the data generated by those transactions to provide businesses with additional operational intelligence.
History of Dot Com Zambia
The history of Dot Com Zambia is unusual compared with many technology companies operating in Zambia today.
2009: Beginning as an E-Commerce Company
Dot Com Zambia traces its origins to 2009.
The company was founded by Mawano Kambeu during a period when internet access and online shopping were still relatively undeveloped in Zambia.
Its original business focused on e-commerce and helping Zambian consumers access products and services through the internet.
The company describes itself as one of Zambia’s pioneering e-commerce businesses.
2015: BookNow Zambia
The business entered another phase in 2015 with the formation of BookNow Zambia Limited.
During this period, investors including Kukula Capital and eVentures Africa Fund became involved with the business.
This helped support the company’s development as Zambia’s technology market continued to expand.
2018: Shift Towards Digital Infrastructure
A major strategic change occurred in 2018.
Dot Com Zambia divested its e-commerce operations through a management buyout and shifted its focus towards technology platforms and digital infrastructure.
The company also launched its prepaid automated toll-payment platform during this period.
This pivot ultimately became central to the company that investors see today.
2020: eLevy
In 2020, the company introduced eLevy.
The platform expanded Dot Com Zambia’s activities beyond tolling into digital revenue collection for local authorities.
2025: Dot Com Zambia PLC and the LuSE
The next major transformation occurred in 2025.
The company adopted the Dot Com Zambia name as part of its wider corporate identity and pursued a public listing.
In November 2025, Dot Com Zambia received regulatory approval to conduct an Initial Public Offering and list on the Lusaka Securities Exchange Alternative Market (Alt-M).
That eventually resulted in Dot Com Zambia becoming a publicly traded company.
Dot Com Zambia IPO
Dot Com Zambia’s IPO was particularly significant for Zambia’s capital market.
According to the company’s disclosures, the offering was 114% subscribed, meaning investor applications exceeded the shares available under the offer.
The IPO attracted more than 500 shareholders, and Dot Com Zambia subsequently reported that approximately 95% of its shareholders were Zambian.
The company described the transaction as Zambia’s first SME IPO of its kind and its listing as an important milestone for the country’s technology sector.
Dot Com Zambia Shares on the Lusaka Securities Exchange
Dot Com Zambia shares commenced secondary trading on the Lusaka Securities Exchange Alternative Market on 17 December 2025.
Its LuSE ticker is:
DCZM
The listing means ordinary investors can potentially gain exposure to a Zambian technology company through the local stock market rather than technology investment being limited primarily to privately held companies.
This makes Dot Com Zambia particularly relevant to ZamFinanceInfo readers interested in Investing in Zambia and How to Buy Shares on the Lusaka Securities Exchange.
What Is the LuSE Alternative Market?
The Alternative Market, commonly known as Alt-M, is distinct from the LuSE Main Board.
It is intended to provide an avenue for smaller and growing companies to access public capital markets under a framework designed for that segment.
Dot Com Zambia’s listing was especially notable because the company became the first issuer on the LuSE Alternative Market, according to its IPO announcement.
For Zambia, this could have implications beyond Dot Com Zambia itself.
If smaller companies can successfully raise capital through public markets, other growing Zambian businesses may eventually consider the same route instead of relying entirely on bank loans, private investors or retained earnings.
Why Dot Com Zambia’s Listing Matters
Zambia’s stock market has historically been dominated by businesses in industries such as banking, agriculture, manufacturing, property and consumer products.
Technology companies have had relatively little representation.
Dot Com Zambia therefore gives investors exposure to a different type of business.
Its underlying opportunity is connected to several long-term trends:
Digitisation
More payments and business processes are moving away from manual systems.
Cashless Payments
Governments, businesses and individuals increasingly use electronic payment channels.
Transport Digitalisation
Fleet operators increasingly require systems for monitoring and controlling operating expenditure.
Government Revenue Collection
Public institutions have incentives to improve transparency and efficiency in collecting revenue.
Data and Artificial Intelligence
Existing transaction platforms can potentially generate data that supports new analytics and AI-based services.
None of these trends guarantees Dot Com Zambia’s future profitability or investment returns, but they help explain the market opportunity the company is pursuing.
Dot Com Zambia Transaction Volumes
The scale of transactions passing through the company’s systems is worth noting.
Dot Com Zambia currently reports more than:
11 million transactions processed
50,000 vehicles managed
300 corporate fleet accounts
2,000 individual app users
The company’s historical corporate information also states that its platforms have facilitated more than K1.6 billion in digital payments.
Transaction value should not, however, be confused with company revenue.
If K1.6 billion passes through a payment platform, that does not mean Dot Com Zambia earned K1.6 billion.
The company’s revenue depends on its contractual arrangements, transaction fees, platform charges and other sources of income.
That distinction is particularly important for investors evaluating payment companies.
Dot Com Zambia Customers
The company identifies customers and partners across government, transport, logistics and private enterprise.
Among organisations currently displayed in its client portfolio are the National Road Fund Agency, Ministry of Local Government, Zambeef Products and several transport and logistics businesses.
This reflects one of the characteristics of Dot Com Zambia’s business model: much of its technology is designed around institutional and corporate customers rather than purely individual consumers.
Dot Com Zambia Financial Results
Since becoming publicly listed, Dot Com Zambia now has greater financial reporting obligations and investors have considerably more information with which to evaluate the company.
In March 2026, Dot Com Zambia released its 2025 Annual Report and audited financial statements.
The company states that the accounts were prepared in accordance with International Financial Reporting Standards and received an unqualified audit opinion.
For anyone considering investing in DCZM shares, these financial statements are considerably more important than simply looking at the company’s products or growth story.
Investors should examine areas including:
- Revenue growth
- Profitability
- Operating cash flow
- Debt
- Cash position
- Customer concentration
- Recurring versus non-recurring revenue
- Capital expenditure
- Earnings per share
- Future funding requirements
This is an area where ZamFinanceInfo can eventually create a separate Dot Com Zambia Share Analysis article rather than making this general company profile overly investment-focused.
Opportunities for Dot Com Zambia
Several areas could potentially support future growth.
Increased Adoption of eToll
Growth in registered vehicles and corporate fleet usage could increase activity across the company’s tolling platforms.
Digital Government Payments
Further digitisation of local-government and public-sector revenue collection could expand the addressable market for eLevy and similar platforms.
Corporate Fleet Management
Transport, mining, agriculture, construction and logistics companies all operate vehicle fleets that require expenditure management.
New Payment Products
Dot Com Zambia’s existing technology infrastructure could potentially support additional payment services.
Artificial Intelligence
Zuba AI and the planned AI capabilities within eToll Plus represent an opportunity to move beyond transaction processing into higher-value business intelligence and automation.
Regional Expansion
The company’s stated vision is broader than Zambia. Its corporate vision is to become a trusted African provider of digital infrastructure and technology solutions.
Regional expansion could increase its addressable market, although expansion outside Zambia would also introduce additional execution and regulatory risks.
Risks Investors Should Consider
Being a technology company operating in a growing digital economy does not automatically make Dot Com Zambia shares a good investment at every price.
Potential investors should consider several risks.
Customer Concentration
Large institutional contracts can be valuable, but dependence on a relatively small number of major customers can increase risk.
Government Exposure
Companies supplying government institutions can be affected by procurement processes, policy changes, contract renewals and payment cycles.
Technology Risk
Payment infrastructure needs to remain reliable and secure.
System outages, cybersecurity incidents or technological obsolescence can create financial and reputational risks.
Competition
Banks, fintech companies, telecommunications companies and international technology providers could compete in some of Dot Com Zambia’s markets.
Small-Cap Share Liquidity
A smaller listed company can have fewer shares changing hands than Zambia’s largest listed businesses.
Investors should therefore consider liquidity—the ability to buy or sell shares when they want to.
Valuation Risk
A good company can still be a poor investment if its shares are purchased at an excessively high valuation.
Investors should evaluate the company’s earnings, cash flows, growth prospects and financial position rather than buying solely because it is a Zambian technology company.
Is Dot Com Zambia a Good Investment?
Whether Dot Com Zambia is a good investment depends on the company’s future financial performance and the price an investor pays for its shares.
The business has several characteristics that could make it interesting to investors:
- Established digital infrastructure
- Significant transaction volumes
- Exposure to electronic payments
- Corporate and government customers
- Leadership position in electronic tolling
- Potential expansion into AI and analytics
- Opportunities in Zambia’s continuing digitalisation
However, investors should also evaluate its risks, financial statements and valuation.
A company’s growth story alone is not enough to determine whether its shares are undervalued or overvalued.
For that reason, investors interested in DCZM should read its latest audited financial statements and subsequent financial updates before making an investment decision.
Who Owns Dot Com Zambia?
Dot Com Zambia is now a publicly listed company, meaning ownership is distributed among its shareholders.
Founder Mawano Kambeu remains the company’s Founder and CEO, while the IPO brought hundreds of additional investors into the shareholder base.
The company reported that its successful 2025 offering attracted more than 500 shareholders, approximately 95% of whom were Zambian.
Who Is Mawano Kambeu?
Mawano Kambeu is the founder and current CEO of Dot Com Zambia.
He founded the business that became Dot Com Zambia during Zambia’s early development of internet commerce and subsequently led its transition from e-commerce into digital payment infrastructure.
The company’s journey from a startup established in 2009 to a LuSE-listed technology company in 2025 makes Kambeu an important figure in Zambia’s emerging technology and fintech sector.
Where Is Dot Com Zambia Located?
Dot Com Zambia is headquartered in Lusaka.
Its current corporate address is:
Plot 22854, Off Leopard’s Hill Road, Ibex, Lusaka, Zambia.
For current product, support and corporate information, investors and customers can use Dot Com Zambia’s official website.
Frequently Asked Questions
What does Dot Com Zambia do?
What Dot Com Zambia does is develop and operate digital technology infrastructure for areas including electronic tolling, payments, mobility and revenue collection. Its major platforms include eToll, eLevy and ePass, while the company is also expanding into artificial intelligence and business-intelligence solutions.
Who owns Dot Com Zambia?
Who owns Dot Com Zambia is now determined by its shareholder register because the company is publicly listed on the Lusaka Securities Exchange. Founder Mawano Kambeu remains Founder and CEO, while hundreds of investors acquired shares through the company’s 2025 IPO.
Is Dot Com Zambia listed on the Lusaka Securities Exchange?
Dot Com Zambia is listed on the Lusaka Securities Exchange Alternative Market. Secondary trading in its shares began on 17 December 2025 following the successful completion of its IPO.
What is the Dot Com Zambia share code?
The Dot Com Zambia share code is DCZM on the Lusaka Securities Exchange.
Who is the CEO of Dot Com Zambia?
The CEO of Dot Com Zambia is Mawano Kambeu, who is also the company’s founder.
What is eToll Zambia?
eToll Zambia is Dot Com Zambia’s electronic toll-payment and management platform. It enables individual motorists and corporate fleet operators to manage toll-related payments digitally.
When was Dot Com Zambia founded?
Dot Com Zambia traces its establishment to 2009, when Mawano Kambeu founded one of Zambia’s early e-commerce businesses. The business subsequently evolved through several stages before focusing on digital infrastructure and becoming publicly listed.
Can I buy Dot Com Zambia shares?
Dot Com Zambia shares can be traded through the Lusaka Securities Exchange under the ticker DCZM, subject to market availability and the normal process for buying LuSE-listed securities.
Is Dot Com Zambia a Zambian company?
Dot Com Zambia is a Zambian technology company headquartered in Lusaka. Its 2025 IPO was notable for bringing a locally developed technology business onto Zambia’s public capital market.
Related ZamFinanceInfo Guides
This company profile can internally link naturally to:
- How to Buy Shares in Zambia
- Lusaka Securities Exchange
- Best Shares to Buy in Zambia
- How to Invest in Zambia
- Dividends in Zambia
- How to Choose Shares to Invest In
- Understanding the LuSE Alternative Market
- How to Read Company Financial Statements
- Dot Com Zambia Share Price
- Dot Com Zambia Financial Results
I would especially create Dot Com Zambia Share Price and Dot Com Zambia Financial Results as separate pages later. The company profile should remain evergreen, while those two pages can capture the recurring investment searches that will develop around DCZM now that it is publicly traded.
Final Thoughts
Dot Com Zambia’s development from an early Zambian e-commerce startup into a publicly listed technology company is an interesting example of how Zambia’s digital economy is evolving.
The company has moved through several distinct phases: e-commerce, online services, electronic tolling, digital revenue collection and now broader payment infrastructure, fleet technology and artificial intelligence.
Its 2025 listing on the Lusaka Securities Exchange also gives Zambian investors something relatively unusual: direct exposure to a locally developed technology company through the public stock market.
For investors, however, the important question is no longer simply whether Dot Com Zambia is an innovative company. The company must now demonstrate that its technology platforms can translate into sustainable revenue, profits, cash flow and shareholder returns.
That makes DCZM an interesting company for ZamFinanceInfo to follow over the coming years—not only through this evergreen profile, but through its financial results, share-price performance, corporate announcements and future dividends.
Disclaimer:
This article is for general informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell Dot Com Zambia shares. Investors should review the company’s latest financial statements, LuSE disclosures and their own financial circumstances before making investment decisions.