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.


Positive Eye

Leave a Reply

Your email address will not be published.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

Minister of Industry and Commerce Dr Sithembiso Nyoni (second from left) shares insights with Secretary for Industry and Commerce Dr Mavis Sibanda (centre) and National Foods chief executive officer Michael Lashbrook (right) during a tour of the manufacturing company on Wednesday.

NatFoods adequately stocked, but worried about El Niño

National Foods said it has enough raw materials including maize, soya bean, wheat, and traditional grains for the next six months, but expressed concerns about the El Niñoweather pattern which could negatively impact the 2023–24 agriculture season. NatFoods is one of Zimbabwe’s largest food manufacturers and produces a broad range of food commodities including maize […]

Read More
Mr Tommy Sithole

Zimpapers records 59pc revenue growth

ZIMBABWE’S biggest diversified media group, Zimbabwe Newspapers (1980) Limited’s revenue increased by 59 percent to $40,7 billion in the first six months of the year with all units posting improved revenues and registering 8,4 million visitors to the group’s websites. The group chairman, Mr Tommy Sithole said the media group will seek to capitalise on […]

Read More
Zimbabwe National Industrial Development

World Tourism Day marked amid boom

THE manufacturing sector is envisaged to register at least two percent and three percent growth rate per annum and sector investment respectively by 2030 on top of increased manufactured exports of 10 per annum, the new Zimbabwe National Industrial Development that is set to play a vital role in Zimbabwe’s pursuit of economic prosperity by […]

Read More