Lusaka Stock Exchange optimistic about economic growth in 2025, urges businesses to leverage equity financing

The Lusaka Stock Exchange (LuSE) has expressed optimism about Zambia’s economic outlook in 2025, projecting that current macroeconomic challenges will subside, creating opportunities for private sector growth and an expanding equity market.

Speaking in an end-of-year message, LuSE Chief Executive Officer, Nicholas Kabaso, emphasized the exchange’s commitment to driving sustainability and innovation.

“I wish to reiterate the exchange’s unwavering dedication to redefining how business is conducted, championing sustainability, and fostering innovation with purpose and resolve.

“While the journey may be challenging, I am confident that together, we will achieve greater economic value for our markets and scale new heights for the coming year,” Kabaso said.

He urged Zambian businesses to take advantage of the LuSE as a platform to raise capital, highlighting the benefits of equity financing over traditional debt.

“It is evident that more Zambian businesses must use the exchange as a platform for raising capital. Equity financing offers long-term benefits and cost-effectiveness, and with continued policy support for capital market participation, the opportunities are immense,” he said.

Kabaso noted that the exchange’s focus on fostering sustainable business growth aligns with its role as a key player in Zambia’s capital markets.

Reflecting on LuSE’s 30th anniversary since its establishment in 1994, Kabaso hailed the exchange’s achievements, noting its role in promoting economic growth and investment in Zambia.

“This year has been a milestone for the exchange. It is also noteworthy to recognise Chilanga Cement Plc, the first entity listed on the LuSE, which likewise celebrated 30 years of listing,” he added.

Kabaso’s optimism comes as Zambia continues to implement reforms aimed at stabilizing the economy and encouraging investment.

He stated that LuSE planned to build on its three decades of experience to support businesses in accessing sustainable financing and fostering broader participation in capital markets.

“The LuSE remains steadfast in its mission to create value and facilitate growth opportunities for the private sector,” Kabaso said.

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