ZDA, LuSE partner to close MSME capital gap

He added that listing on LuSE offered companies benefits beyond raising capital, including improved corporate governance, greater credibility and increased visibility in the market.

Kabaso revealed that LuSE currently had four listed companies with market capitalisation of more than US$1 billion each, but said there was a need to increase the number of large companies on the exchange.

“Four is not enough. We need to build a pipeline of many more companies capable of reaching that scale, and that pipeline must begin with today’s growing businesses,” he said.

ZDA Director-General, Albert Halwampa, said the agreement covered the agency’s three broad mandates of investment promotion and facilitation, access to capital and green capital.

Halwampa said the partnership would promote domestic and foreign investment, increase awareness of capital market opportunities and support listings in high-impact sectors.

He said Zambian companies would also be encouraged to consider LuSE as a reliable, transparent and regulated avenue for accessing long-term financing.

Halwampa said ZDA and LuSE would exchange information and use regional and international networks, including SADC and COMESA, to address trade facilitation challenges and expand commerce.

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