Committee of Insurance, Securities
and Non-Banking Financial Authorities

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Zambia

Zambia is an entirely landlocked country covering an area of 752,612 km². To the north it is bordered by the Democratic Republic of Congo and the United Republic of Tanzania, to the west by Angola, to the south west by Namibia, to the east by Malawi and Mozambique, and to the south by Zimbabwe and Botswana. Zambia sits on a gently undulating plateau, which is between 900 and 1,500 metres above sea level. This plateau is a mix of woodland and savannah regions interspersed with lakes, rivers, hills, swamps and lush plains. Zambia has three distinct seasons, the hot, dry season runs from September to October when temperatures range from 27 to 32 °C.

Securities and Exchange Commission

Head of Authority: Mr Phillip Chitalu

Sectors being Supervised: Capital Markets

The Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) was established in 1998, pursuant to Annexure 10 of the SADC Protocol on Finance and Investment as a committee of authorities responsible for the supervision of insurance, securities, and non-banking financial institutions (NBFI) in SADC Member States. CISNA is part of the Directorate of Finance, Investment and Customs of the SADC Secretariat and reports to the SADC Committee of Ministers of Finance and Investment through the Committee of Senior Treasury Officials.

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