By BUUMBA CHIMBULUTHE revival of the Government bond Market and Environmental, Social, and Governance (ESG) programme inclusions has scaled Zambia to seventh place on the ABSA Africa Financial Market Index 2021 (AFMIndex21).Financial market posture and performance for Zambia has been ranked two notches higher to seventh, an improvement from ninth place.Some key developments in the Zambian market space include the introduction of a capital markets tribunal to address capital markets disputes.Other developments are the rolling out of a 10 year capital markets master plan and fintech integrations through sandbox regulatory inclusions in the market.The Bank of Zambia is yet to implement trading of government securities on apps and mobile money platforms a move that would include the retail market in bonds trading.Trading was interesting and exciting in pandemic era as ways of work did have an impact with people working from home but we did adapt, ABSA Zambia Head of Global Markets, Stanley Tamele commented […]
Zambia ranked 7th on Africa’s financial market index
