Economy

Manzi Valley Plans To List on LuSE

Natural Valley, the producer of mineral water Manzi Valley, has planned to list on the Lusaka Securities Exchange (LuSE).

Natural Valley, which has been in operation for 19 years, has set out long term goals to raise financing by listing on the LuSE.

“We have built Natural Valley from a small family-run business into a household brand that touches the lives of everyone in the country,” Chief Executive Officer Stewart Simpson said in a statement. “The next step is to enable the public to share it our success story by opening up the shareholding to a wider market.”

He said listing on the stock exchange requires lengthy preparation and further investment over the coming years.

“There are still a number of steps to complete before our dream becomes a reality, but this is our long-term goal,” said Simpson when the company held preliminary discussions with several institutional investors interested to acquire shares in the company.

 

5 Comments

  1. Wise Leader

    If those are Mr.Simpson’s plans and family personally can’t object because the company has really shown it’s liquidity capability as you have seen Zambia’s economy sluckens at time but Manzy Valley still stands.My only advice to them is that they must diversify not just relying on water business because of some sales adversities in cold seasons.
    Under the same trademark,they can by some more rights from PACRA so that new products are introduced under Manzi Vally licence.

  2. Albertmwango

    The only challenge I face in Zambia is that investors are living their dream lives while the our z ambians workers are still in great povert despite helping investors realising thier dreams……. just an observer✋

    • Mafikizolo

      Stewart Simpson is 100% Zambian. Born and bred Zambian by Zambian parents.
      To me he’s a shining example of hard work paying off.

  3. Bill

    Great opportunity folks… These guys have A CSR that even engages the sorrounding communities in various activities ie sport… Great…personally I’ve been waiting for this.

  4. Mabumba

    This is music to my ears.. Now an average zambian like me can sound like a boss and say “I have shares in manzi Valley, you should call me on Monday” 😅😅

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