[1][2] The Lusaka Securities Exchange (LuSE) was established with preparatory technical assistance from the International Finance Corporation (IFC) and the World Bank in 1993.

[3] The formation of LuSE was part of the government's economic reform program aimed at developing the financial and capital market in order to support and enhance private sector initiative.

It was structured around models of a modern Stock Exchange with automated clearing and settlement facilities through a Central Securities Depository (CSD).

Subsequently, GRZ stopped providing support and LuSE became totally dependent on its listed companies to generate operational revenues.

"[5] The LuSE, since inception, has expanded beyond being a platform for trading shares and bonds, as demonstrated by some companies from across the spectrum of industry that have used it to raise the public capital for expansion.

[11] To provide investors, businesses and other issuers with an efficient, reliable, orderly, transparent and cost effective platform for the raising of capital and trading of securities.

In May 2016, the Lusaka Securities Exchange announced the introduction of the LuSE Alt-M, an alternative market for small and medium-sized enterprise to participate in.

These guidelines provide for the issuance of fixed-income securities by companies that seek to raise funds for projects with a positive environmental impact.

As of 2024, the LuSE had one listed Green Bond of over $150m on Copperbelt Energy Corporation (CEC) Zambia, which raised funds for its Itimpi Solar Power Station project.