Trading MFEZapp industrial launched yardsat LuSEon course
yards in the LS- Works are going and the contractor on site.
“Once that done, we will to see SMEs the zone and from there,” Mr said.
He also observed lower participation levels the need in the to increase Participation Capital Markets, especially incentives on to
A MOBILE Trading of local the stock investors market. willing to invest Application to boost in the economic He said it was therefore the zone. Mr investment by local zone Government’s is currently to ensure expressed concern and foreign investors in low that due Zambians to, among participated that Zambia had companies listed on the other actively reasons, in utilising the the competition financial from Lusaka Securities Exchange minimum instruments investment that are made countries such (LuSE) from any part of the of US$500,000 available in which the market. Rwanda, Kenya, world has been launched. some locals “The increased say is use Egypt, of South
With the application called prohibitive. mobile services in Zambia Mozambique is MyLuSE, users will now be LS-MFEZ undeniable. Business As businesses Zimbabwe that able to buy and sell securities Development and financial institutions, better it is incentives. regardless of their location. Manager, important Francis that we leverage Mr Kunda said
The Online Platform Kunda, on technology said to make minimum US$ allows the public to directly construction financial products works of and 000 services investment trade shares, bonds and the industrial accessible yards to all Zambians,” investors Dr to qualify other financial instruments were Ng’andu currently said. on available incentives on the LuSE, says Finance course. LuSE Board chairman, was a limiting Minister, Bwalya Ng’andu. Mr Raphael Kunda Kasonde, expressed local businesses.
Dr Ng’andu explained that explained confidence that the that the innovation however said the platform would simplify the industrial would yards, open doors for had a more been lobbying often misconceived idea that once robust completed, capital market its in parent Ministry the stock market was complex, would Zambia. boost local Commerce Trade risky or only for a select group participation Mr Kasonde in the said the Industry which of wealthy people. economic platform zones. enabled LuSE talking to to Ministry
He said this in a speech He target explained a greater in number Finance of local to improve read by Permanent Secretary an interview retail investors that in urban incentives. as well for Budget, Emmanuel Pamu the industrial as the more yards remote parts “For of investors the yesterday in Lusaka during the would country enable small qualify, one has launch of the Application. and medium “The LuSE sized Mobile Trading invest minimum
“The simplicity of the online entrepreneurs Application to is set a digital US$500,000 platform platform is its accessibility; that allows users in the to have some direct of the local “This laboratory is targeted at the up businesses
anyone with a phone and access the LuSE market. investors that operations we are setting up starting with zone.
mobile money account can The one LuSE, is on with the MyLuSE limiting factor. Rufunsa, were we are working with small “That
access the platform. You application, and we have aims to enhance you invest less scale miners there and art is anal miners table
can purchase securities on the Economic levels of financial S$500, literacy, 000 you from the surrounding area,” he said. Citizen
the LuSE such as shares or amongst Empowerment the general not public, be entitled Mr Keer said the laboratory would also and
bonds,” Dr Ng’andu said. by reaching who out are to a wider incentives,” Mr be open to the general public for them to Commission
He indicated that number of industrial potential and said. current come and have their samples tested. constructing
Government was aware of the investors,” he said.