Lusaka Securities Exchange Signs MOU with TRIZET Energy to Support Zambia's Energy Demands

In a significant development, the Lusaka Securities Exchange (LuSE) has signed a Memorandum of Understanding (MOU) with TRIZET Energy Zambia Limited, a leading player in technology distribution rights for Africa. The MOU aims to support Zambia's quest to meet its energy demands by utilizing the LuSE platform for capital raising.

TRIZET Energy holds exclusive agency and distribution rights for Africa deployment of the FITS Hydrokinetic Power Plant, a recent UK-patented invention that harnesses the linear flow of a small selection of a river to generate baseload power. This innovative technology has already been successfully deployed to deliver power to a rural community.

The partnership between LuSE and TRIZET Energy will encourage and expose multiple Independent Power Producers (IPPs) to raise capital on the market via listing on the Alternative Market. This will provide a significant boost to Zambia's energy sector, which has been facing challenges in meeting the country's growing energy demands.

The LuSE is committed to providing support to TRIZET Energy as they work together to drive sustainable solutions for the energy challenges facing Zambia. This partnership sets the stage for a new era of innovation and progress in the country's energy landscape.

Key Highlights of the Partnership:

- TRIZET Energy will utilize the LuSE platform to raise capital for its energy projects

- Multiple IPPs will be encouraged to list on the Alternative Market to raise capital

- The partnership will support Zambia's quest to meet its energy demands

- The LuSE will provide support to TRIZET Energy to drive sustainable solutions for the energy challenges facing Zambia

This partnership is a significant step forward for Zambia's energy sector, and it demonstrates the country's commitment to harnessing innovative technologies to meet its energy challenges. The LuSE and TRIZET Energy are poised to play a key role in driving sustainable solutions for the energy challenges facing Zambia, and this partnership is expected to have a positive impact on the country's energy landscape.