Former ZACCI president, Sakulanda, calls for flexible listing rules to boost SME participation on Lusaka Securities Exchange

Former Zambia Chamber of Commerce and Industry (ZACCI) president, Geoffrey Sakulanda, has called for more flexible listing requirements on the Lusaka Securities Exchange (LuSE) to attract greater participation from Small and Medium Enterprises (SMEs).

Speaking during a high-level panel discussion hosted by the Securities and Exchange Commission (SEC) Zambia at the Mulungushi International Conference Centre, Sakulanda emphasized the need for innovative financial products tailored to SMEs and supportive regulatory frameworks that lower entry barriers.

The discussion, themed “Unlocking SME Potential: A Capital Markets Perspective,” brought together regulators, market experts, financial institutions, and private sector leaders to explore ways to enhance SME involvement in capital markets.

“SMEs are the backbone of Zambia’s economy but remain largely underserved by traditional financing channels,” Sakulanda said.

He further highlighted the importance of improving financial literacy and awareness among SMEs to boost their capital market participation.

Sakulanda also called for stronger public-private partnerships to increase access to long-term funding, which is vital for SME growth, competitiveness, and job creation.

“On behalf of ZACCI, I reaffirm our commitment to working with regulators, market players, and development partners to unlock the full potential of SMEs and drive inclusive, sustainable economic growth in Zambia,” he added.

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