By JUDITH NAMUTOWE? –
THE Government will tomorrow launch an awareness campaign to increase stakeholders’ participation in the country’s capital market and raise the liquidity levels.
Low number of companies listed the Lusaka Stock Exchange (LuSE) has contributed to low liquidity levels in capital markets.
The first trade on LuSE was done as far back as 1996, but awareness appears to be one of the biggest challenges with respect to the development of capital market in Zambia.
. Chikwanda
Finance Minister Alexander Chikwanda is expected to launch this awareness campaign with respect to capital market.
Securities and Exchange Commission (SEC) secretary and chief executive Philip Chitalu said the commission wanted to develop capital markets and ensure that citizens invested with the view of developing the country’s economy.
Mr Chitalu said the commission had observed that a number of citizens in the country had bank accounts and were aware that banks existed in the country but that the case was different with capital markets.
About 23 companies are listed on LuSE and two more companies have expressed interest to do so.?The two companies are Ikulileni Investment Company which seeks to invest in telecommunications and the Engineering Institute of Zambia (EIZ).
Mr Chitalu said SEC had realised that it had been lagging behind in terms of awareness with regard to capital markets.
