Top 5 Lusaka Stock Exchange Brokers - 2025

 If you're looking to invest in the Lusaka Securities Exchange (LuSE), you’ll need to go through a licensed stockbroker. These brokers act as intermediaries, helping you buy and sell shares of companies listed on the LuSE. 

Lusaka Stock Exchange Brokers

It could be challenging to find reliable stock brokers in Zambia, but don't worry—I've only included the real Lusaka stock exchange brokers in this post. Every time you interact with them, you can be sure that the transactions will be professional and transparent. 

Here are some of the leading stockbrokers in Zambia:

1. Stockbrokers Zambia Ltd (SBZ)

  • Overview: Stockbrokers Zambia Ltd is one of the oldest and most established brokerage firms in Zambia. They offer a full range of stockbroking services including share trading, investment advisory, and portfolio management.
  • Services:
    • Share trading on the Lusaka Stock Exchange
    • Corporate finance and advisory services
    • Market research and reports
  • Contact Information:

2. Pangaea Securities Ltd

  • Overview: Pangaea Securities is a leading investment banking and stockbroking firm in Zambia. They provide services to institutional, corporate, and individual investors and are known for their role in corporate finance, including equity capital markets.
  • Services:
    • Equity trading on LuSE
    • Mergers and acquisitions advisory
    • Investment advisory
    • Research and market analysis
  • Contact Information:

3. Equity Capital Resources PLC (ECR)

  • Overview: ECR is a Zambian stockbroker and investment firm that offers a variety of financial services, including trading on LuSE and providing investment advisory services to both individual and institutional clients.
  • Services:
    • Stockbroking and trading services
    • Investment research and advisory
    • Portfolio management
  • Contact Information:

4. Madison Asset Management Company Ltd (MAMCo)

  • Overview: Madison Asset Management Company is part of the Madison Financial Services Group and offers investment management services, including access to the LuSE.
  • Services:
    • Stock trading and investment advisory
    • Unit trusts and mutual fund management
    • Wealth and portfolio management
  • Contact Information:

5. African Alliance Securities Zambia

  • Overview: African Alliance is an investment and stockbroking firm with a presence in several African countries. They provide LuSE brokerage services and specialize in corporate finance, investment research, and securities trading.
  • Services:
    • Securities trading on LuSE
    • Corporate finance advisory
    • Research and analysis
    • Institutional and retail investment services
  • Contact Information:

6. Intermarket Securities

  • Overview: Intermarket Securities is a part of Intermarket Bank and provides brokerage services on the Lusaka Stock Exchange, along with other financial and advisory services.
  • Services:
    • Stock trading on the LuSE
    • Financial advisory services
    • Portfolio management
  • Contact Information:
    • Phone: +260 211 233210

7. FNB Stockbroking (Zambia)

  • Overview: First National Bank (FNB) Zambia offers stockbroking services as part of its financial services package. It allows both retail and institutional clients to trade on the Lusaka Stock Exchange.
  • Services:
    • Stockbroking services for retail and corporate clients
    • Investment research and advice
    • Wealth management solutions
  • Contact Information:

How to Start Trading on the Lusaka Stock Exchange:

  1. Open an Account: Contact any of the brokers above to open a trading account. You will need identification, proof of address, and other personal details.
  2. Fund Your Account: After opening an account, deposit funds with the broker to start buying shares.
  3. Place Orders: You can then place buy or sell orders for shares through your broker, who will execute the trades on the Lusaka Stock Exchange.
  4. Monitor Your Investments: Regularly check your portfolio and stay updated on market trends through reports and advice provided by your broker.

Considerations:

  • Fees and Commissions: Brokers typically charge fees for their services, including commissions on trades, account maintenance fees, and advisory services. It’s essential to inquire about these costs.
  • Market Research: Many brokers provide research reports on listed companies, market trends, and economic forecasts to guide your investment decisions.

By choosing a reliable stockbroker and staying informed, you can navigate the Lusaka Securities Exchange effectively and potentially grow your investments over time.