Stockbrokers Zambia Limited (SBZ) is licensed by the Securities and Exchange Commission of Zambia (SEC) as a dealer in securities and is also a broker-member of the Lusaka Stock Exchange (LuSE).
Established in 1993 following the enactment of the Securities Act 1993, SBZ was part of the Cavmont Financial Services Group of companies and was then known as Cavmont Securities Limited before changing its name to Stockbrokers Zambia Limited in September 2004. 1st September 2004 marked the de-linking of Cavmont Stockbrokers Limited from the Cavmont group, following a management buyout of the company and the firm was subsequently renamed Stockbrokers Zambia Limited.
Rooted as the recognized pioneering stockbrokerage 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.
Partner broker with Auerbach-Grayson of the USA
Effective May 2004 SBZ signed a broking partnership agreement with Auerbach-Grayson, a member of the National Association of Securities Dealers, based in New York, USA. Via this Link SBZ is able to attract US based clients into the Zambian market.
Link with Liquid Africa
Liquid Africa is a pan Africa initiative to deepen African stock markets by providing an information platform that enables investors to access African markets and in turn improve liquidity on these nascent markets.
MOU with Imara Capital
On 20 May 2005, SBZ signed a Memorandum of Understanding with Imara Holdings Ltd. IMARA Group subsequently became a shareholder in SBZ.