Zambia African Safari

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Tuesday, August 23, 2005

LuSe No 3 Best in Africa

Standard and Poor (S&P) the world rating agency has ranked the Lusaka Stock Exchange (LuSE) the third best in Africa after Egypt and Ghana. The rankings were based on performance of the stock market last year (2004). But this wonder stock exchange is only eleven years old! …And Zambian tourism is to benefit from the capital raised through LuSE. …

According to the latest of rating of 102 stock exchanges world wide S&P World Stock Markets Fact Book ranked LuSE among the top 25 stock markets.

LuSE general manager Joseph Chikola was pleased, “We are very excited with this recognition by S&P, a world renowned rating agency…” Chikola said LuSe has continued to perform well so far. The stock market index has grown by 35.3 percent in US dollar terms in the last half of this year. With this performance, he said, LuSe is confident to surpass the 71.6 percent growth recorded last year.

“With an active and internationally recognized exchange there is need for companies that have primary operations in Zambia to seek to raise capital on another exchange, say the Alternative Investment Market (AIM) in London, Toronto in Canada or indeed the Johannesburg Stock Exchange (JSE),” he said.

So why not raise your capital to invest in Zambia safari from LuSe? There is some cash you could pick up and use for your investment.


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