The market value of the Lusaka Stock Exchange in Zambia reached a historic high of 341.87 billion kwacha in the first quarter of 2026

The Lusaka Securities Exchange (LuSE) in the capital city of Zambia, Lusaka, delivered impressive results in the first quarter of 2026: its total market value climbed to 341.87 trillion kwacha (K341.87 billion), a year-on-year increase of 18.3%, the highest quarterly growth rate since the implementation of modernization reforms in 2011. According to the Zambia Securities and Exchange Commission (SEC), the growth momentum comes from three aspects: firstly, the inflation rate has fallen to 9.2% for two consecutive quarters (14.7% by the end of 2025), and the central bank has maintained the benchmark interest rate at 10.5%, enhancing market stability; Secondly, institutional investors such as the African Mining Fund (AMF) with a Chinese background have increased their holdings in copper and agricultural sector stocks; Thirdly, the RMB denominated bond trading module launched by LuSE in October 2025 has attracted six Chinese securities firms to join, significantly improving liquidity. At present, there are a total of 42 listed companies on LuSE, of which 11 are Chinese invested or controlled enterprises, covering copper smelting, cement and logistics fields.