The Lusaka Securities Exchange- (LUSE) says it plans, to introduce retail bonds to allow business entities and individuals to invest on the stock market for as low as five hundred Kwacha.
Speaking in an interview with Money FM News Lusaka Securities Exchange Chief Executive Officer, Priscilla Sampa, said the introduction of retail bonds will see an increase in the number of people investing in the stock markets.
Ms Sampa said currently, an individual can only invest a minimum of thirty thousand kwacha on the stock market.
“These are bonds that will be put into small unites, where if a person has a K500 they will be able to invest in the bond”, She said.
Ms Sampa said this will encourage more people in the country to invest on stock markets and earn interest payments out of the investment.
She adds that stock market investments are a good form of investment because they are not perishable like other businesses.
And a Business and Financial expert has urged business entities and individuals in the country to consider investing in stock markets following the low rate at which they are trading.
Muyumba Mutwale of Nikiwe capitals said individual should approach local equity unity trust to invest on stoke markets as it is the path needed to invest in stock markets.
LuSE to introduce retail bonds-Sampa.
