• Government will deliver an economy that will ensure innovators bring about new and aggressive products on the market.
• Security Exchange Commission remains committed towards advancing the digital transformational agenda.
• Creation of a Sandbox is a step in the right direction.
Science and Technology Minister say government will undertake digital transformation as a basis of creating a digital economy.
Felix Mutati further noted to start the journey, the ministry will have a five key strategy anchored on fiver pillars which are Digital infrastructure, Digital platform, Digital financial inclusion, Digital Skills among others.
Mr. Mutati stated that government will also deliver an economy that will ensure innovators bring about new and aggressive products on the market.
“What we have witnessed today is digital financial inclusion,” the Minister said.
He was speaking during launch of the live testing phase of the regulatory sandbox framework for capital markets.
Speaking at the same event, Securities Exchange Commission Chief Executive Officer Philip Chitalu said the creation of a Sandbox is a step in the right direction as it provides a framework that provides a safe business environment that is envisioned to facilitate the live testing of products and services in an easy, convenient and efficient manner “without placing undue risk on would-be investors and the Financial system.”
“It is worth noting that the innovations in the first cohort are novel and probably meets the needs of the Zambian market, that is our local business looking to raise or facilitate alternative investment capital and retail investors looking for investment opportunities,” he stated.
Mr. Chitalu has since pointed out that Securitas Exchange Commission remains committed towards advancing the digital transformational Agenda.
“As such we shall focus on leveraging synergies by steadily building our digital ecosystem with strategic partner,” the Chief Executive Officer noted.