Musokotwane urges capital markets tribunal to uphold investor confidence

Finance and National Planning Minister, Situmbeko Musokotwane, has called on the Capital Markets Tribunal to uphold investor confidence by protecting investors and promoting sound market practices as it handles and determines cases.

Speaking during the launch of the tribunal’s 2024–2028 Strategic Plan at Mulungushi International Conference Centre on Tuesday, Dr. Musokotwane reaffirmed government’s support for the tribunal’s mandate and emphasized the need for integrity, independence, and fairness in its operations.

“I am happy to learn that the tribunal has, since its inception, supported the government by receiving dispute cases—most of which it has successfully resolved within the prescribed timeframe. This is quite a commendable achievement,” he said.

He stressed that capital markets were a vital financing source for Zambia’s development agenda, underscoring the importance of strong regulation and efficient dispute resolution mechanisms.

“Capital markets must be well-regulated, and any disputes that arise should be resolved efficiently, competently, and fairly. This is necessary to instil investor confidence and encourage increased investment,” Musokotwane added.

He noted that the tribunal plays a critical role in reinforcing market integrity and trust in the rule of law by determining cases in a timely, transparent, and just manner.

Meanwhile, Capital Markets Tribunal Chairperson, Chanda Nkoloma, said the tribunal operated independently to prevent conflicts of interest and safeguard its credibility.

“Recognising that the capital market is a crucial platform for mobilising capital for businesses and providing investment opportunities for both local and foreign investors, it’s important to note that efforts to develop Zambia’s capital markets date back to the 1970s,” Nkoloma said.

WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.