Securities and Exchange Commission (SEC) has commenced the construction of a K48 million Capital Markets Training Centre in Lusaka, a project aimed at strengthening institutional capacity and supporting the growth of Zambia’s capital markets.
Speaking during the groundbreaking ceremony, Ministry of Finance and National Planning, Permanent Secretary for Economic Management and Finance, Mulele Mulele, described the project as a significant milestone in the continued development of the Commission and the country’s capital markets.
Mr. Mulele said the training centre demonstrates government’s commitment to building strong institutions capable of supporting economic development through efficient and transparent capital markets.
“This project reflects our collective commitment to ensuring that the Commission possesses the institutional capacity necessary to effectively discharge its statutory obligations and contribute to Zambia’s long-term economic development,” he said.
He noted that the investment would strengthen the Commission’s ability to provide investor education, regulatory training, stakeholder engagement and market development programmes, while enhancing capacity across the capital markets sector.
Meanwhile, Permanent Secretary in the Ministry of Infrastructure, Housing and Urban Development, Professor Albert Malama, represented by Director Dr. Richard Banda, urged the contractor, consultants and all stakeholders to execute the project with professionalism and integrity.
Professor Albert Malama, added that the Government remains committed to investing in strategic infrastructure that strengthens public institutions and supports sustainable national development.
Speaking at the same event, SEC Board Chairperson Paul Nkhoma said the Board approved the K48 million project after carefully considering the Commission’s operational requirements and long-term strategic objectives.
Mr. Nkhoma stressed that good governance goes beyond strong policies and regulatory frameworks and requires investment in institutional infrastructure that enables organizations to effectively serve the public.
“Following careful consideration of the Commission’s operational requirements and long-term strategic objectives, the Board approved this development project, which is expected to cost K48 million an investment that will generate lasting value for the institution, the public it serves, and Zambia’s capital markets,” he stated.
He added that the Board would continue exercising oversight throughout the implementation process to ensure the project is completed within the approved budget, specifications and timelines.
Mr. Nkhoma further said the training centre will contribute to the implementation of the fourth strategic development area of the Capital Markets Master Plan by strengthening capacity building across Zambia’s capital markets through investor education programmes, regulatory training, stakeholder consultations and regional engagements.
The Capital Markets Training Centre is expected to be completed within 18 months and will serve as a modern facility for training, research, investor education and stakeholder engagement in Zambia’s capital markets sector.
