LuSE Gets 2 International Recognitions

In 2005 the Lusaka Stock Exchange (LuSE) received two international recognitions. That’s why LuSE general manager Joseph Chikolwa is pleased about his stock exchange’s performance in the financial markets.

Early In 2005, world rating agency Standard and Poors (S&P) voted LuSE the third best performing stock exchange in Africa. The exchange was also voted best performing bourse in Central and Eastern Africa.

And a fortnight ago, Zimbabwe’s Financial Gazette voted the exchange the best performing in Southern Africa, outperforming older bourses like the Zimbabwe Stock Exchange (ZSE) and the Johannesburg Stock Exchange (JSE).

Chikolwa said that although LuSE had only one listing in the year, the bourse scored a first by introducing a corporate governance code for listed companies in the region. In addition LuSE achieved a 70 per cent return rate in US dollar terms.

Where else in the world would you find a stock exchange so young (debuted in 1994) but such a great performer? What’s more the Zambian government bonds are a great hit too, both among corporate and individual investors. So don’t be left out if you can help it.

And don’t forget! Zambia safari will always be there waiting for you to sample it. It’s now great in Zambia!