The number of equity company listings on the Lusaka Securities Exchange (LuSE) remains below 30, decades after the exchange’s establishment, despite various interventions aimed at boosting participation. According to the Securities and Exchange Commission (SEC), nine firms were in the development pipeline as of the first quarter of 2026, surpassing the medium-term (end-2027) target of eight. This momentum has been attributed to ongoing listing promotion initiatives. However, industry experts argue that for the exchange to meaningfully broaden participation, it must attract dual listings from major mining companies, enabling Zambian citizens to own shares in the sector. A review by the...
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