How the Lusaka Securities Exchange is Driving its Record-Breaking Rally

Jan. 26, 2026 /Mpelembe Media/ — The Zambian stock market is currently experiencing a significant period of growth, positioning it as the top-performing bourse in Africa. To capitalize on this momentum, the Lusaka Securities Exchange plans to introduce several initial public offerings and a new gold-linked exchange-traded fund throughout 2026. This strategic expansion aims to take advantage of rising precious metal prices while diversifying investment options for local and international participants. Additionally, market leadership intends to simplify regulatory requirements to lower barriers to entry for new issuers. By streamlining these processes, the exchange hopes to foster a more accessible financial environment and attract a wider variety of investors. These initiatives represent a concerted effort to modernize the nation’s capital markets and sustain its current economic trajectory.

Zambia’s current stock market rally has positioned the Lusaka Securities Exchange as Africa’s top performer this year. Based on the sources, several factors are contributing to this momentum and the exchange’s strategy to sustain it:

Regulatory Simplification: The exchange is actively working to simplify rules governing the market. This initiative is designed to ease market access, making it less burdensome for companies to list and for individuals to trade.

Broadening the Investor and Issuer Base: A core driver is the intentional effort to attract a broader base of issuers and investors. By expanding who can participate in the market, the exchange aims to increase liquidity and diversity within the bourse.

Capitalizing on Global Commodity Trends: The market is seeking to tap into the global rally in precious metals,. This includes the planned 2026 launch of a gold-linked ETF (exchange-traded fund), which allows the Zambian market to benefit from high international demand for gold,.

Anticipation of New Listings: The current rally is creating a positive feedback loop, as the market’s strong performance is seen spurring several new stock listings (IPOs) throughout the year.

While the sources focus on these structural and commodity-linked drivers, it is important to note that specific macroeconomic data or government policy shifts—which often accompany such rallies—are not detailed in these specific excerpts. Therefore, you may want to independently verify if recent debt restructuring or specific mining policy changes are also influencing investor sentiment.

The introduction of a gold-linked exchange-traded fund (ETF) in 2026 is expected to impact local investors by providing a streamlined way to participate in global commodity trends while benefiting from simplified market structures.

According to the sources, the impact on local investors will likely manifest in the following ways:

Access to the Precious Metals Rally: The primary goal of the gold ETF is to allow investors to tap into the current rally in precious metals,. This provides local investors with a regulated vehicle to gain exposure to gold prices, which are currently experiencing high international demand.

Easier Market Entry: The Lusaka Securities Exchange (LuSE) plans to simplify rules to ease market access in conjunction with the rollout of new products like the ETF. For local investors, this means the barriers to entry—which can often be technical or administrative—are being reduced to make trading more accessible.

Diversification Opportunities: By introducing a gold-linked product, the exchange is actively working to attract a broader base of investors. This allows local individuals and institutions to diversify their portfolios beyond traditional stocks, potentially hedging against local market volatility using a commodity-backed asset,.

Increased Market Vibrancy: The ETF is part of a broader wave of activity, including several new stock listings (IPOs) expected this year,. This suggests that local investors will have a more dynamic and liquid market to participate in as the exchange expands its offerings.

It is worth noting that while the sources highlight these benefits, they do not specify the exact costs or minimum investment requirements for local retail investors. You may want to independently monitor the Lusaka Securities Exchange for specific regulatory updates as the 2026 launch approaches.

While the sources indicate that the Lusaka Securities Exchange (LuSE) is preparing to host several new stock listings (IPOs) this year, they do not specify the exact industries or types of companies that are expected to list,.

However, the sources provide context regarding the environment attracting these new issuers:

Diversification of Issuers: The exchange’s strategy, led by CEO Nicholas Kabaso, is specifically focused on attracting a broader base of issuers. This suggests an intentional move to move beyond traditional sectors to increase the variety of companies on the bourse.

Commodity-Linked Interest: Given that the market is currently aiming to capitalize on a rally in precious metals and is launching a gold-linked ETF, there is a strong thematic link to the mining and commodities sector in the current market climate,.

Reduced Barriers to Entry: The exchange is simplifying rules to ease market access, which is intended to make it less difficult for various types of companies to navigate the listing process.

Please note: The sources do not list specific company names or sectors (such as telecommunications, banking, or agriculture). You may want to independently monitor official announcements from the Lusaka Securities Exchange or the Securities and Exchange Commission of Zambia for specific prospectus filings as they become public.

The Lusaka Securities Exchange (LuSE) is planning to simplify its rules as part of a strategic effort to ease market access and capitalize on its position as Africa’s top-performing bourse.

According to the sources, the exchange’s approach to simplifying these rules involves the following:

Broadening Participation: The primary objective of the simplified rules is to attract a broader base of issuers and investors, making it easier for new companies to list and for individuals to trade.

Executive Leadership: This initiative is being driven by the exchange’s CEO, Nicholas Kabaso, who aims to use these regulatory changes to sustain the momentum of the current market rally.

Supporting New Products: These simplifications coincide with the exchange’s expansion into new offerings, such as several new stock listings (IPOs) and the planned 2026 launch of a gold-linked ETF,.

It is important to note that the sources do not provide specific technical details regarding which exact regulations are being modified—such as listing requirements, disclosure standards, or fee structures. For specific details on the updated regulatory framework, you may want to independently consult the Securities and Exchange Commission of Zambia or official rulebooks from the Lusaka Securities Exchange, as this information is not contained in the provided excerpts.

The Lusaka Securities Exchange is currently Africa’s top performer this year.

This leading position is characterized by several key factors mentioned in the sources:

Market Leadership: Outperforming all other African bourses, the Zambian market is experiencing a significant rally that is expected to drive several new stock listings throughout the year,.

Strategic Growth: To maintain this competitive edge, the exchange is focusing on simplifying rules to ease market access and attracting a broader base of issuers and investors.

Product Innovation: Unlike many other regional markets, Zambia is specifically positioning itself to tap into the global precious metals rally by launching a gold-linked ETF in 2026, further diversifying its offerings compared to its peers,.

While the sources establish Zambia as the top-performing market on the continent, they do not provide specific percentage returns or the names of the markets it has surpassed in the rankings. You may want to independently verify the specific year-to-date returns of other major African exchanges, such as those in Nigeria, Egypt, or South Africa, for a detailed numerical comparison.