Sharon Kunda


The Securities and Exchange Centre has signed a Memorandum of Understanding with the National Anti-Terrorism Centre to ensure that only credible investors are allowed in the market.

Speaking during the signing ceremony, Securities and Exchange Centre Chief Executive Officer PHILLIP CHITALU said there are a number of players and transactions within the capital market who need to be vetted.

Mr. CHITALU noted that capital markets can be used to finance activities that can be undesirable to the country such as terrorism.

He said the signing of the MOU will ensure that only credible investors operate within the financial services sector and capital markets.

And, National Anti-Terrorism Centre Director and Chief Executive Officer JOSEPH KAMVUMA said the money markets is one of the areas of interest for the Centre.

Mr. KAMVUMA said the Centre has a mandate which negates elements which may affect the financial integrity of the economy.

He said the Centre is taking a proactive role to ensure that any possible investors who may come in the money markets and any sectors of the country are credible.

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