Economist Maxwell Kauseni has described Zambia’s secondary government bond market as busy but shallow, warning that the latest trading trends point to cautious investor behavior despite increased market activity. According to the Securities and Exchange Commission (SEC) report for Q1 2026, government bond secondary market indicated that number of trades rose by 10% from 1,916 to 2,100 and the total nominal value traded declined by 1% to K32 billion. The report seen by the Zambian Business Times – ZBT, further revealed that the total market value of bonds traded rose slightly by 0.73% to K34 billion, though the overall turnover...
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