THE LuSE AWARDED “SECURITIES EXCHANGE OF THE YEAR AND MOST INNOVATIVE MULTI-ASSET TRADING PLATFORM FOR 2025”
LONDON, 19th May 2025 - The Lusaka Securities Exchange (LuSE) has been awarded the Securities Exchange of the Year & Most Innovative Multi-Asset Trading Platform for 2025 by the Pan Finance Awards. This was after carefully considering all the submissions received including the Exchange’s impact, community engagement, sustainability, global integration and innovation.
Accepting the award, the LuSE Chief Executive Officer, Mr. Nicholas Kabaso, expressed gratitude to all stakeholders for supporting the transitional journey of the Exchange that has paved way for such a level of global recognition. He stated that the award is a testament of the effective strategy of the Board aimed at repositioning the LuSE as an anchor for economic and capital market development in Zambia.
“The Board has been very clear in their expectations, that the Exchange must get back to the basics of why it exists, for it to meet the demands of modern capital markets. Within the broader capital markets, the LuSE must facilitate transparent capital formation, enable liquidity flows, and efficient resource allocation to support Zambia’s economic development. At the core of this is the need for us to ensure an effective regulatory environment which fosters trust and confidence in the market. Therefore, this award today is a living example of the fruits of the journey we are on as LuSE. Today we have just reclaimed our place!” Mr. Kabaso stated.
The LuSE’s five-year strategic plan has been carefully curated to reflect the journey over the medium to long term. The strategic plan is themed “Sustainable Business Growth – Anchoring Capital Market and Economic Development.”
In 2024, the LuSE was among the best five performing exchanges in Africa having delivered consistent gains for investors across the year. Its total cumulative gains as measured by its All Share Index closed at a cumulative gain of 43% in local currency and 39% in US Dollar terms, placing the Exchange in the top 5 best performing markets in Africa. The consistent growth in market returns remains a solid reflection of the growth momentum that the market continues to enjoy in a very competitive market landscape in Africa. Additionally, the performance of the Exchange posits a very stable and positive macroeconomic performance of the country.
In 2025 the LuSE announced the increase in total trading hours from 4 to 5 hours. This is in an effort to drive increased trading activities. In 2024, it listed the first ever US Dollar denominated REIT and completed the listing of the second tranche of the CEC Renewables Green Bond bringing the total issued green bonds to US $ 150.266 million. In an effort to drive market confidence, the Exchange has embarked on increased awareness activities both among issuers and investors alike. The LuSE launched “Teach a 1000 Learners” an initiative aimed at driving increased investor awareness among the young people in schools. Mr. Kabaso also stated that plans are actively underway to launch a self-administered learning portal to be dubbed “the LuSE Academy”. He stressed the fact that the LuSE recognises the urgent need to bridge the gap of financial inclusion as many remain severely underserved.
And commenting on the overall investment landscape in Zambia, Mr. Kabaso stated that Zambia remains an ideal investment destination in Africa and top ranked among countries with ease of doing business. He stated that the country has immense and untapped natural resources that aids Zambia’s economic competitiveness within the sub-Saharan region.
He highlighted that the country has several reforms and is among the best investor friendly countries with fiscal policy measures that act as an enabler for investors seeking opportunities in the capital markets. Outlook over the medium term, is such that the country is poised to grow over 5% in its Gross Domestic Product (GDP). This growth is anchored on a robust private sector supported by favourable fiscal regime. Key economic growth sectors include Information Communication and Technology (ICT), Telecommunications, Financial, Agriculture, Energy, Water and Construction sectors.
He thanked the Pan Finance Awards’ adjudicating panel for bringing increased visibility to the Zambian market. The visibility that comes with the Award can not be downplayed and will go a long way in putting Zambia on the map and attract increased investment flows to the Exchange.
Nicholas Kabaso
Chief Executive Officer
Issued: 19th May 2025
______________________________________________________________________
About the LuSE: The Lusaka Securities Exchange Plc (LuSE) is Zambia’s main securities exchange. We remain very central to the national economic aspirations of being a platform where ideas meet capital and anchor sustainable business growth and wealth creation. We offer our clients wide access to capital markets and liquidity across different asset classes. We operate a broad range of equity, fixed income, and exchange-traded funds/exchange-traded products. For 30 years now we pride in providing a platform that has connected buyers and sellers through financial products, supported by world-class technology and regulatory oversight.
For more information
Website: https://www.luse.co.zm/
Email: info@luse.co.zm
About the Pan Finance Awards: Pan Finance is a trusted source of global financial intelligence with a readership base of +200,000 across 150 countries. With offices in London, Lagos, Barcelona, Miami & Sharjah and a distribution network in Europe, Middle East, Africa, LATAM, North America and Asia, our ecosystem includes a quarterly magazine (online and print), special reports, a financial news website, and other media channels. As an organisation, we are dedicated to providing concise, intelligible, and up-to-date news for our worldwide readership.
Contact information
Olu Emmanuel
Head of Research & Awards
+44 (0) 208 090 0874
research@panfinance.net
awards@panfinance.net
LinkedIn
YouTube