Lusaka Securities Exchange

The Lusaka Securities Exchange (LuSE), Zambia's principal stock exchange, was established in 1993 with technical assistance from the International Finance Corporation (IFC) and the World Bank, and opened on 21 February 1994 in Lusaka. Created to drive the country's economic reforms, it facilitated the divestiture of government-owned parastatals while attracting foreign investment, and in 2005 it introduced its own landmark corporate governance code. In January 2022, LuSE topped the list of Africa's best-performing exchanges with a remarkable 93.2% gain, and that March it launched the GEM Portal to help startups and SMEs access funding. By April 2025, the exchange had grown to 20 listed companies, boasting a market capitalisation of ZMW 276.7 billion (US$9.8 billion), and it operates a subsidiary, the Lusaka Clearing and Settlement Agency (LCSA), for automated clearing and depository services. Additionally, in September 2022, the Zambian government exempted green bond interest from withholding tax on the bourse, encouraging environmentally focused investments and solidifying LuSE's role in the regional and African financial landscape.