Stockbrokers Zambia Limited (SBZ) is a founder-member of the Lusaka Stock Exchange ( LuSE ) and pioneer in its quest to support the development and growth of the capital market in Zambia. In the first instance, SBZ is regulated and licensed as a Dealer by the Securities and Exchange Commission of Zambia (SEC). under the Securities Act. Secondly, SBZ is a broker – member of the LuSE for the provision of stockbroking services to investors. In summary, SBZ has a dual role of dealing and broking in financial instruments (e.g. shares) in Zambia.
SBZ traces its background and history to 1993 when the Securities Act was enacted in Zambia, and two firms, Cavmont Securities Limited ( CSL ) and Meridien Securities Limited, stepped forward to incorporate and launch the LuSE in 1994 as founding members. Subsequently, the broking operations of CSL were placed under Cavmont Stockbrokers Limited which in 2004, was delinked from the Cavmont Group via a management buyout and renamed Stockbrokers Zambia Limited.
Rooted as the recognized pioneering stock brokerage in Zambia, SBZ established itself as co-founder member of the Lusaka Stock Exchange in collaboration with the co-founder member Meridien Financial Services Limited. As a result of this tremendous initiative, the LuSE commencement operations on 21st February, 1994. SBZ continues to actively contribute to the development and growth of the Zambian capital market and the LuSE.
As a dealer, SBZ provides corporate finance and investment banking advisory services to corporates.This primarily involves raising capital, corporate restructurings, mergers and acquisitions and strategic support.
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