As part of extensive financial sector reforms aimed at enhancing the role of the financial sector towards bolstering the economy, the Government of the Republic of Zambia (Government) through the Ministry of Finance and National Planning (MoFNP) and in collaboration with the Securities and Exchange Commission (SEC) as well as other key capital markets players, embarked on a project to develop the Capital Markets Master Plan (CMMP), a comprehensive ten (10) year long term strategy for capital markets development in Zambia.
For a long time, our capital markets have been identified as critical enablers for For a long time, our capital markets have been identified as critical enablers for economic growth, as they by design, exist to provide sustainable long-term financing solutions and as such, are expected to efficiently mobilize the required capital for onward investment into real sectors such as energy, agriculture, tourism, and mining.
However, the Zambian capital markets have remained underdeveloped and have been However, the Zambian capital markets have remained underdeveloped and have been characterized by several weaknesses that inhibit them from efficiently mobilizing the country’s public and private financing needs.
Considering the foregoing, the Government developed and through the Cabinet of Considering the foregoing, the Government developed and through the Cabinet of Ministers, approved the CMMP. The CMMP is envisaged to provide a unified and clear roadmap to reposition the Zambian capital markets as an important conduit for domestic and foreign investments and that will enable it to fulfil its function bolstering Zambia’s economy.