After a period of low activity in the listing space, the Lusaka Securities Exchange (LuSE) has announced that five companies are actively preparing to go public.
This move is part of the exchange’s broader strategy to reposition itself in the Zambian capital market ecosystem, aligned with the 10-year capital markets master plan.
LuSE is currently working with stakeholders to build a “healthy pipeline” of new listings and financial products. “The response has been overwhelming with positive feedback from potential issuers, though some have also highlighted areas for improvement,” LuSE’s Chief Executive Officer – CEO Nicholas Kabaso’s told the Zambian Business Times – ZBT.
The exchange has faced challenges in recent years, marked by a dwindling number of new listings and limited market participation.
According to the LuSE, their new strategy seeks to address these issues, focusing on liquidity growth and aligning with broader economic plans to expand Zambia’s financial markets.
Industry experts have long emphasized the importance of vibrant stock markets in mobilizing investment and deepening economic growth.
The exchange’s leadership appears optimistic that these new developments will mark a turning point, fostering investor interest and expanding participation across various sectors.
While market observers have welcomed the news of new listings, the lack of transparency regarding timelines and sectors has drawn some criticism.
Investors are now keen to see whether LuSE can deliver on its promise and how soon these companies will be available for trade.
