Responsible journalism key to sustaining Zambia’s capital markets, Stock Exchange boss, Kabaso, says

The Lusaka Securities Exchange (LUSE) has urged journalists to refrain from disseminating misleading information about capital markets, warning that it could undermine trust and cause confusion.

LUSE Chief Executive Officer, Nicholas Kabaso, emphasized the critical role capital markets play in driving economic development by facilitating investments and fostering growth.

He made these remarks during the inaugural Capital Markets Media Workshop in Chilanga on Tuesday, organized in partnership with the Securities and Exchange Commission (SEC) Zambia and the Zambia Institute of Mass Communication (ZAMCOM).

Kabaso called for media practitioners to gain a deeper understanding of capital market systems, highlighting that accurate reporting was essential for sustainable market development and economic progress.

“Accurate and informative reporting remains crucial for the sustainable development of capital markets and the Zambian economy,” Kabaso said, stressing the need for an effective media that connects key economic players.

In support of Kabaso’s sentiments, Napoleon Nyanhi, the Chief Executive of Zimbabwe’s Arts Governing Body, also highlighted the immense influence of the media.

“The media shapes perceptions, influences decisions, and connects us in ways unimaginable a few decades ago,” Nyanhi stated, underscoring the importance of media literacy and ethical reporting standards.

He warned that misinformation could have damaging effects on capital markets, including eroding investor confidenceand causing declines in share prices.

“Capital markets rely on the efficient flow of information, and negative coverage, whether justified or not, can disrupt this flow,” he noted.

WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.