LUSAKA Securities Exchange (LuSE) has boasts of 22 listed and 13 quoted companies since its inception, raising over K8.5 billion in equities and K37.1 billion in bonds, says CEO Priscilla Sampa.
Speaking during the Bell Ringing ceremony for Zambia Breweries in Lusaka yesterday, Sampa said in the last 25 years, LuSE had made great strides towards establishing itself as a leading stock market in Zambia as well as the region.
And celebrating 22 years of Zambia Breweries’ listing, Sampa said it was a pleasure to be part of the Bell-Ringing ceremony in celebration of a great company and a strong partnership.
She added that the company merits being celebrated and recognised.
She stated that it was a remarkable achievement that Zambia Breweries had marked 22 years of being listed on LuSE, which meant two decades and two years of uninterrupted association between one of Zambia’s leading companies and the foremost capital market.
“For this, and a total of more than thirty years of being in successful business, Zambian Breweries merits to be celebrated and recognised as we are doing today. As a household name, Zambia Breweries’ corporate contribution to social causes and our country’s economy, over the years, is well known and documented,” Sampa said.
Meanwhile, Sampa said that LuSE continued to strive towards achieving the status of a preferred global securities exchange, a prime objective of its strategic plan to be implemented over the next 5 years.
“Apart from celebrating 22 years of ZamBrew’s Listing, LuSE this year also proudly celebrates its 25th anniversary, having opened its doors to the public in 1994. Currently, boasting 22 listed and 13 quoted companies, the LuSE has since its inception raised over K8.5 billion in equities and K37.1 billion in bonds,” she said.
She added that in order to increase LuSE’s appeal to both local and foreign investors, individuals or corporate bodies, it was committed to enhancing corporate transparency and reporting requirements of listed companies.
“For instance, the LuSE will, going forward, encourage companies to adopt sustainable practices and integrate sustainability information into their reporting cycles in response to investors’ ever-growing desire for corporates to demonstrate sensitivity to environmental and social concerns through environmental, social and governance reporting. We wish to applaud ZamBrew’s efforts in their focus on local sourcing and in, particular, I would like to highlight their Cassava Outgrowers Scheme, which empowers local subsistence farmers, many of whom are women,” Sampa said.
She added that in accordance with its strategic plan, LuSE would pursue global partnerships for the sharing of knowledge, expertise, technologies and financial resources to support the attainment of the United Nations sustainable development goals as it joins the “UN Sustainable Stock Exchange Initiatives.”
“In doing so, it is the LuSE’s objective to create a vibrant domestic market that will offer classes that balance profit generation with environmental, social and governance benefits. In this regard, the LuSE has started to develop Green Bond Listings Rules in conjunction with UN Development Plan under the BIOFIN Project,” She stated.
Sampa added that the future of LuSE as well as that of companies presently listed was bright as was the future of any company that chooses to list and access the capital that could be secured through listing.