April 27, by Ryan Hoover 30 Comments. Zambian stocks have reflected this vibrant growth. Its main index surged I emailed each of the six brokers who are licensed to trade on the Lusaka Stock Exchange. I asked them if they catered to foreign investors, how much they required to open an account, and what documentation was necessary. I found the two brokers listed below to be particularly helpful and responsive.

Commissions and fees amount to 1. This rate is standard across all brokers. After emailing a broker and requesting information on how to open an account, they will send you a blank account opening form. A sample form from Stockbrokers Zambia may be found in the above table. The form typically requires disclosure of your passport number or other ID number and your address. If you would like to have dividends deposited directly into your trading account and I recommend that you doyou should inform your broker of this at this time.

You may email photocopies of all documents to your broker to get a head start on the account opening process, but they must eventually receive the original documentation. I recommend using a courier for this.

The Zimbabwe Situation

After opening your trading account, your broker will provide you with its bank details so that you can fund your account. The most efficient way to do this is via wire transfer. All that needs be done is to submit a written trade instruction. Some brokers may have a special trade mandate form to complete, but, for others, a simple email may suffice.

Keep in mind that many shares listed on the Lusaka Stock Exchange are rather illiquid, so I advise specifying a limit price for all of your orders. This will help you avoid paying significantly more for your shares than you had intended to pay.

Your broker will then execute your trade and send you a contract note that specifies the buy or sell price, commissions, and fees. The process of opening a foreign brokerage account can be confusing. How to Invest in AfricaLusaka Stock ExchangeStockbrokers.

July 17, at 5: July 20, at General Cable BGC has an interest in Zambian copper through its Phelps Dodge subsidiary. January 4, at The Zambian govt majority owner is set to issue more shares of ZCCM-IH to the public sometime this year.

You should contact one of the above brokers to keep you in the loop so you can get in on it directly. March 29, at 8: Can you provide me with list of a few blue chip companies on the Zambia and the Zimbabwe stock exchange. March 29, at 1: May 9, at Thanks for the valuable information. Is the amount that I use to open an account separate from the amount that I need to use to invest? Can you shed light on this one? Is the amount just for opening the account or is it inclusive to buying your shares with?

The minimum amount is inclusive of the amount used to invest. Brokers typically do not charge any fees to open an account. They simply want to be assured that you have sufficient funds to buy shares. November 10, at November 20, at I would like to know how much one is supposed to have at hand to open an account and start buying shares? November 25, at January 14, at 7: Lets see what they reply: Upon receipt of your emailed application form, Stockbrokers Zambia Ltd SBZ will send you a note to confirm that your share account has been opened at the Central Share Depository CSD of the LuSE.

SBZ will advise you of your share account number in the CSD. The SBZ Client Dollar Account details are as follows: Stanbic Bank Zambia Ltd Branch: Lusaka Main Account Name: Stockbrokers Zambia Limited Account Number: SBZ will advise you on the available shares and recommend for your consideration which shares to buy, taking into account your investment objectives, your risk capacity and time horizon.

SBZ will then raise a buy order and submit this to the LuSE for trading.

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January 14, at January 16, live trade karachi stock exchange 8: So basically the stock broker sets a minimum amount required bpnc buy stocks create an account and buy shares?

January 20, at 5: I know very little about investing in the stock market, but I am considering how to buy shares in econet zimbabwe. January 24, at 4: As you know, there are no guarantees in the stock market.

But the Lusaka Stock Exchange has performed well of late. You make money investing in the stock market in two ways. One is by selling shares of stock at a higher price than you paid for them. The perception of value changes as a result of growth, better performance, new business opportunities, or some other favorable circumstance.

The other way to make money in stocks is by collecting the betting binary options. Dividends are excess profits earned by a company that management opts to pay out to shareholders in the form of cash.

Many companies pay dividends consistently every year, and, in some cases, every half year. If the company is growing, the dividend will typically grow, too. Keep cest quoi le forex trading mind, however, that the company is not obligated to pay a dividend.

Keep in mind, that this is just an example. But over time, if you buy a good business at a fair price, the value of your investment will likely increase. We were all rookies at one time or another!

"I would like to buy shares"! | Econet Wireless Zimbabwe

March 23, at 1: April 13, at 7: Where can i get a list of dividends paying shares on the Luse? April 14, at 2: Does anyone else know of such a resource?

April 17, at 5: How much does one need as minimum cash for investment in stock shares or can someone explain to me what those figures mean that are updates of the stock shares…i would like to investment so i need to know how much money i need to raise. April 19, at 8: The minimum investment amount will depend on the current price of the stock you wish to purchase. I believe most Zambian stockbrokers require that you purchase at least shares of stock per transaction.

You can see the current price of the various shares listed on the Lusaka Stock Exchange on the left side of the stockbridge farmers market here: So, for example, if you would like to purchase shares of Lafarge Zambia which are currently priced at K NOBLE KASONDE BWEMBYA says.

May 22, at 8: June 23, at 5: October 9, at 3: Hi Ryan Thank you for information. It is very helpful. I went through Lusaka Stock Exchange website but you have more information.

December 4, at 4: Chisopa Eugine M says. December 29, at 4: I want to invest in shares and I stay in Kabwe town of Zambia, where can I find the nearest stock brocker? December 30, at 1: The nearest is probably in Lusaka. I would suggest trying Stockbrokers Zambia http: March 25, at 5: April 30, at 5: Hello Ryan, thanks for all the answers you give.

I have been investing since Stockbrokers are my brokers.

I thank all the staff members at Stockbrokers. I feel so proud to be a shareholder in quite a number of companies. Am a Zambian and based in New York. May 1, at 3: Your email address will not be published.

My name is Ryan Hoover, and I'm an investment analyst and writer with a passion for African stock markets. Articles African Stock Markets Performance Botswana BRVM Ghana Kenya Malawi Mauritius Mozambique Namibia Nigeria Rwanda South Africa Tanzania Uganda Zambia Zimbabwe Newsletters JSE Share Advisor KenyaVestor Stock Scout About Login.

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So, how can global investors participate in this intriguing market? Zambian Stockbrokers I emailed each of the six brokers who are licensed to trade on the Lusaka Stock Exchange. Collect a Photocopy of Your Passport. Mail the Original Account Opening Form and Photocopy of Your Passport to Your Broker You may email photocopies of all documents to your broker to get a head start on the account opening process, but they must eventually receive the original documentation.

Wire Funds to Your Brokerage Account After opening your trading account, your broker will provide you with its bank details so that you can fund your account. Further Reading — How to Invest on the Botswana Stock Exchange — How to Invest on the Ghana Stock Exchange — How to Invest on the Nigerian Stock Exchange — How to Invest on the Zimbabwean Stock Exchange.

Comments Raymond says July 17, at 5: Hi Raymond, General Cable BGC has an interest in Zambian copper through its Phelps Dodge subsidiary. Hi Can you provide me with list of a few blue chip companies on the Zambia and the Zimbabwe stock exchange. Here are the three largest stocks on each exchange. Standard Chartered Zambia Zimbabwe 1.

Hi Simon, Here are contact details for Stockbrokers Zambia: Send money from your Bank to the SBZ Client Account at Stanbic Bank Zambia.

Review shares on offer and instruct SBZ to buy SBZ will advise you on the available shares and recommend for your consideration which shares to buy, taking into account your investment objectives, your risk capacity and time horizon. Please keep us posted! Hello I know very little about investing in the stock market, but I am considering it.

I apologies for my rookie questions, but you seem very responsive and helpful. Hi Byana, Great questions. Hi Muko, The minimum investment amount will depend on the current price of the stock you wish to purchase. Also, note, that brokers charge commission and fees of 1. Hi i wanted to ask, am 15 years old and am thinking of doing something that would help me in future, an thought the stock market might be a good thing to look at, can i just get a recap of things required to buy stocks. Am learning a lot as a youth.

Many thanks for the feedback, Mulenga.

Congratulations and enjoy the Zambian bull run! Leave a Reply Cancel reply Your email address will not be published. About Me My name is Ryan Hoover, and I'm an investment analyst and writer with a passion for African stock markets. Free Updates Join over readers who get new articles delivered right to their inbox.