30 March 2023 – The Sustainable Banking and Finance Network (SBFN) welcomes the Securities and Exchange Commission of Zambia (SEC) as its newest member.
SEC is the regulator of the capital markets in Zambia and was established in 1993 through an Act of parliament. The SEC is responsible for the supervision and development of the Zambian Capital Markets, as well as licensing, registration and authorization for financial intermediaries, issuers of debt and equity instruments and collective investment schemes.
“SBFN looks forward to engaging with SEC as it continues developing sustainable finance regulations, guidelines and other related policies in the country. SBFN welcomes SEC’s commitment to drive the sustainability agenda in the country and appreciates its efforts to collaborate with relevant stakeholders in this journey,” said Rong Zhang, SBFN Global Coordinator.
“The SEC is excited to be admitted to the SBFN. We look forward to sharing our experiences so far and learning from other stakeholders’ experiences in relation to the sustainability agenda. Having embarked on a journey to develop our green bond market in the recent years, SEC has engaged in a variety of initiatives with the ultimate objective to channel green finance to Zambia’s multitude of green projects by working to position the country as a Global Green Investments Hub. SEC joining the SBFN will undoubtedly be critical to this process”, said SEC Chief Executive Office, Mr. Phillip K. Chitalu.
SBFN is an IFC- facilitated network of financial sector regulators and industry associations. SEC’s membership expands SBFN’s collaboration to 77 institutions representing 63 countries around the world.
Check the SEC website to learn more about the SEC.