Zambia’s Lusaka Stock Exchange May Offer Shares to Investors

Zambia’s stock exchange, which will be 20 years old next year, is considering demutualization and may offer its shares for sale to the public, Chief Executive Officer Beatrice Nkanza said.

The Lusaka Stock Exchange, or LuSE, based in the capital of Africa’s biggest copper producer, is assembling a team to consider the plan, Nkanza said. “It is early days yet,” she said by mobile phone. “This is something that has to take place at some point, we are still looking at how we are going to do this.”