Corporate bond activity in Zambia’s capital markets for the first quarter of 2026 was driven primarily by institutions in the microfinance sector, according to the latest Securities and Exchange Commission (SEC) report. SEC Director of Enforcement and Legal Services, Diana Sichone, told Zambian Business Times (ZBT) that outstanding corporate bonds dropped from K4.6 billion in the final quarter of 2025 to K4.2 billion in Q1 2026, an 11% decline. “In Q1 of 2026, corporate bond issuance continued to be dominated by institutions in the microfinance sector, with outstanding corporate bonds reducing from K4.6 billion in Q4 2025 to K4.2 billion...
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