LCSA Hosts Engagement on Secondary Bond Market Trading
The Lusaka Clearing and Settlement Agency (LCSA), a wholly owned subsidiary of the Lusaka Securities Exchange (LuSE), has held a market engagement session on Secondary Bond Market Trading at Sarovar, with the proceedings also streamed live on Facebook.
In his opening remarks, LCSA Board Chairperson, Mr Maulu Hamnunjele, emphasised the importance of a vibrant secondary bond market within the wider capital markets ecosystem. He noted that such a market enhances liquidity, improves price discovery, and bolsters investor confidence.
“An efficient secondary market underpins the lifeblood of any robust fixed-income ecosystem, providing investors with flexibility while enabling issuers to access long-term capital at competitive rates,” he stated.
LuSE Chief Financial Officer, Mr Chrispin Hatimba, expressed satisfaction at the successful organisation of the event and reaffirmed LuSE and LCSA’s commitment to developing an active secondary bond market to deepen Zambia’s financial sector.
Financial Markets Association of Zambia President, Ms Mwaka Kopakopa, welcomed the initiative, describing the timing as “opportune” and highlighting the importance of providing platforms for investors and market operators to explore opportunities to increase participation in the secondary bond market.
The webinar featured a panel of distinguished speakers, including Mr Issac Muhanga, CFA (Chief Operating Officer, Bank of Zambia), Mr Jack Kanyanga, CFA (Stockbrokers Zambia), Mr Gerald Ndhlovu (FNB Zambia), and Mr Mwali Chisala (Standard Chartered Bank Zambia).
The session attracted market operators, institutional investors, and stakeholders both in-person and online, underscoring the growing interest in the evolution of Zambia’s fixed-income market.
