Sat, 03 Dec 2016 11:01:11 +0000 A STRATEGIC plan for the period 2015-2018 whose focus is to develop a robust capital market in Zambia by improving liquidity in the markets has been developed by the Securities and Exchange Commission (SEC). Capital markets are part of a financial system concerned with raising capital by dealing in shares, bonds and other long-term investments. SEC acting secretary and chief executive, Diana Sichone, said the commission intended to improve the market by implementing distinctive, interrelated and mutually supportive objectives. Speaking at a media briefing in Lusaka, Ms Sichone explained that SEC would encourage and facilitate the development and diversification of capital market products and financial instruments. “This is in a bid to grow the Zambian capital market and thus offer a wider selection of investment instruments. It will also optimise market transaction costs. “In general, this will ensure that the capital market contributes to the reduction in the cost […]
