Zim making strides in broadening capital markets

ZIMBABWE is making strides in expanding capital markets to mobilise more financial resources for long-term projects.

The local capital markets regulator, the Securities and Exchange Commission of Zimbabwe (SECZIM), states in a report that the enactment of legislation to allow for more capital trading platforms has resulted in local and external investors ploughing more funds into markets for long-term projects.

The regulators’ Chief Executive Officer, Mr Anymore Taruvinga is confident, Zimbabwe now has the potential of attracting more money on different trading platforms.

“There is now the Victoria Falls Stock Exchange, Exchange Traded Fund and Real Estate Investment Trust in the basket of capital markets, this all reflects the commitment by Zimbabwe to widen resource mobilisation and enabling different units of the society to partake in those portfolios that suit the ability to invest or capital levels,” he said.

Lithium Association of Zimbabwe President, Mr Hillary Vela says the broadening of the capital markets presents an opportunity for new mining projects mainly in the lithium industry to trade and raise capital for growth.

“As you can see the VFEX is already attracting more interest from the mining industry so basically it means even green field projects in the lithium value chains can also list on such a market to attract more capital,” he said.

The Securities and Exchange Commission of Zimbabwe states that it will continue to identify new trading platforms to cater for low-income segments of the economy in light of the National Financial Inclusion Strategy.

Zbc

Positive Eye

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

ZIMTRADE’s Training Propels SMEs Towards International Market Success

In Bulawayo, a transformation is underway as small to medium enterprises (SMEs) gain the confidence to enter the export market, thanks to a strategic initiative by Zimbabwe’s trade promotion authority, ZIMTRADE. These ventures, which began as modest local businesses, are now gearing up to compete on the international stage.Bulawayo’s entrepreneurs are seizing the vast opportunities […]

Read More
Business

Unifreight buoyant as it registers 58% Q1 volumes growth

Diversified logistics concern Unifreight has announced a remarkable 58% increase in volumes for the first quarter of 2024. This growth is attributed to the company’s strategic fleet expansion, increased capacities, and aggressive marketing efforts. Unifreight has placed significant resources into the Full Truck Load (FTL) market segment, which has paid off handsomely. The FTL market […]

Read More
Business

AirZim starts accepting ZiG

National carrier, Air Zimbabwe is now accepting payment in Zimbabwe Gold (ZiG), boosting confidence in the new currency. In a statement on X (formerly Twitter) yesterday, Air Zimbabwe said the ZiG payments reflected a commitment to adapting to the evolving financial landscape by offering stakeholders convenient payment methods. “As we integrate Zimbabwe Gold currency into […]

Read More