LuSE submits 2025 Budget Proposals to Ministry of Finance

On the 28th of June, the Lusaka Securities Exchange (LuSE) represented by our CEO Mr. Nicholas Kabaso , submitted proposals for the 2025 National Budget, hosted by the Ministry of Finance and National Planning.

In his presentation, Mr. Kabaso acknowledged the critical role LuSE plays in the wider economy as outlined in the ten-year Capital Markets Master Plan (CMMP) which was launched by the Minister of Finance, Honourable Situmbeko Musokotwane last year.

The LuSE proposed that in order to increase the participation of citizens on the market, retain profits in the country and encourage capital raising via equity, Government needs to compel companies to list on the LuSE. This can be achieved by: Non-Tax Incentives (Policy), such as bringing some State Owed Enterprises under IDC to list on the market; and Tax Incentives, that includes providing further discounts on Corporate Tax for companies that are listed on the LuSE.

The Lusaka Securities Exchange firmly believes its position to provide government, institutions and the local citizenry an opportunity to contribute to the economic growth of the country.