LUSE SIGN MOU WITH FSD AFRICA TO REVISE RULES

By Scoop Reporter

THE Lusaka Securities Exchange Plc (LuSE) and Financial Sector Deepening Africa (FSD Africa) have formalized their collaboration through the signing of a Memorandum of Understanding (MoU) aimed at the comprehensive revision of the LuSE rules.

This initiative is part of the second phase of the Africa Regulatory Support Programme, managed by FSD Africa.

The MoU was signed yesterday during the FSD Africa Sustainable Capital Markets Conference in Nairobi, Kenya, in a ceremony attended by FSD Africa Chief Executive Officer (CEO) Mark Napier, CEO, and his LuSE counterpart, Nicholas Kabaso.

Mr. Kabaso expressed his appreciation for the partnership, saying the collaborating with FSD Africa at this crucial time would allow LuSE to further strengthen Zambia’s capital markets adding that the initiative will help accelerate listings, enhance trading, and foster wealth creation for investors.

“This partnership offers LuSE the opportunity to draw from the valuable experience of other exchanges that have participated in this program. We are excited about refining our rules to boost market participation and meet the evolving needs of the market,” Mr. Kabaso said.

The MoU represents a significant milestone in LuSE’s ongoing efforts to mobilize sustainable finance and improve the regulatory framework governing the Exchange.

Under the terms of the agreement, FSD Africa will provide both funding and technical assistance to support a complete review of the LuSE Trading Rules, CSD Rules, Listings Rules, and the Rules of the Exchange.

This partnership seeks to streamline LuSE operations, increase market participation, and align the Exchange’s regulatory framework with emerging trends in sustainable finance, particularly in the issuance of green and sustainable financial instruments.

Additionally, the partnership will involve capacity-building initiatives, including regional regulator roundtables and specialized training sessions, aimed at enhancing the regulatory environment of the Exchange.