By Philip Sinkala The Lusaka Securities Exchange (LuSE) is intensifying efforts to attract new company listings as it seeks to close the substantial $12 billion gap between the exchange’s $17 billion market capitalization and Zambia’s total domestic savings, which currently stand at just $5 billion. LuSE Chief Executive Officer Nicholas Kabaso, speaking in an interview with Zambian Business Times – ZBT, noted that increasing the number of listed companies is critical for boosting market liquidity and channeling more savings into productive investments. “As an exchange, we are very aggressive about closing the pipeline of existing listings. Every new company that...
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