Lusaka Securities Exchange (LuSE) has announced the addition of a new company to its trading platform, marking a positive step in the growth and diversification of Zambia’s capital markets.
The formal registration of Chuuma Asset Management Limited brings the total number of licensed brokers on the Exchange’s register to ten.
The latest entry is expected to enhance market liquidity, broaden investment opportunities, and deepen participation from both institutional and retail investors.
Speaking during the bell-ringing ceremony in Lusaka, LuSE Chief Executive Officer Nicholas Kabaso said the Exchange has, for over three decades, stood as the heartbeat of Zambia’s capital markets.
Mr. Kabaso, who was represented by LuSE Chief Financial Officer Crispin Hatimba, stated that the Exchange has listed companies, mobilized capital, educated investors, and connected ordinary Zambians to extraordinary opportunities.
“We have weathered storms and celebrated triumphs. And through it all, one truth has remained constant — this market grows strongest when more voices join the conversation,” Mr. Kabaso stated.
He emphasized that brokers are not merely intermediaries, but are the bridges between a saver and an investment.
“Every broker that joins this exchange is a new bridge built — a new pathway opened — for the Zambian investor,” he said. “Today, we ring this bell for Chuuma Asset Management Limited — Zambia’s tenth licensed broker — and in doing so, we ring it for every investor they will serve, every portfolio they will build, and every Zambian whose financial future will be a little brighter because they chose to show up.”
Mr. Kabaso stressed that the entry of Chuuma Asset Management goes beyond a routine listing, describing it as part of a broader effort to deepen and modernize Zambia’s financial markets.
He applauded the firm for successfully navigating the licensing process and committing to operate within the country’s regulated financial framework.
Speaking earlier, Chuuma Asset Management Limited Chief Executive Officer Daniel Sitali said the stock market is one of the greatest wealth creation machines of all time, as it has potential to help millions of ordinary people build wealth and reach their financial goals.
He, however, noted that access to this market has been constrained by limited seamless digital platforms and infrastructure, hence the decision by Chuuma to list on the LuSE.
“Chuuma has been built from the ground up to help bridge this gap to give investors a modern and seamless investing experience. We want to treat the investor with a different level of seriousness,” Mr. Sitali stated.
“As a principle, no customer query goes unanswered, no email or message is ignored. This is just the beginning, and together with the exchange, I believe we can transform our capital markets.”
