In last week’s opinion, we looked at the dynamics of domestic debt for domestic resource mobilization in Zambia. We went further to look at the country’s domestic debt stock and composition, including some of the merits and demerits of domestic debt. The opinion highlighted that many countries have increasingly turned to the domestic securities markets as a source of domestic financing hence the need for a rational balance between domestic and external debt accumulation to attain debt sustainability. In this week’s opinion, we expand our examination of Zambia’s domestic debt landscape, focusing on the dynamics involving resident (domestic) and non-resident (foreign) investors within the domestic securities market. Broadly, the two main players in Zambia’s domestic securities market are the domestic...