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Govt urged to be transparent in listing ZAFFICO on LuSE

A Lusaka based Business and Financial Analyst says the listing of ZAFFICO on Lusaka Stock Exchange (LuSE) must be done in a transparent manner to avoid unjustified suspensions.
Blessings Kafwanka has also welcomed the decision to list all 33 state owned companies on LuSE saying some of them are unprofitable.
Mr. Kafwanka says some of these parastatal companies are inefficient due to some interferences adding that listing them on LuSE will enable these companies to be viable.
“Most of these state-owned companies are inefficient and listing them on LuSE is a positive development as this will help them to become more efficient so that they can even declare dividend to the government,” he said.
Mr. Kafwanka has also emphasized that the plans to list ZAFFICO on LuSE will help the same workers when the company becomes viable.
He says there is also need for the government to engage the workers and other stakeholders to reassure them that the company is not being sold but that the government is looking for remedial measures to boost its operations.

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