In 2019, the Zambian government announced plans to list ZSIC Life on the Lusaka Securities Exchange (LuSE) in a bid to promote wider public participation and strengthen corporate governance within the StateOwned Enterprise (SOE) sector. ZSIC Life was named alongside ZAFFICO as a key candidate for listing. However, seven years later, the life insurer has yet to appear on the local bourse, despite repeated assurances and several revised timelines. Industrial Development Corporation (IDC) Public Relations Officer Namakau Mukelebai told the Zambian Business Times (ZBT) in 2020 that the listing was part of IDC’s broader strategic plan for ZSIC Life. “The...
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