Smallest retail investor given access to financial markets. First of its kind in Sub Sahara Africa. Capital markets widened and deepened.
Zimbabwe’s capital markets are set for their most significant development in recent years as President Mnangagwa officiates at the launch of C-TRADE tomorrow.
C-TRADE is an online and mobile trading platform for the trading of shares on the Zimbabwe Stock Exchange, and will be the first of its kind in Sub-Saharan Africa. The platform will enable investors, both local and foreign to purchase securities from anywhere in the world anytime, using mobile devices.
The initiative is being led by capital markets regulator, Securities Exchange Commission of Zimbabwe (SECZ) and seeks to promote financial inclusion by encouraging participation by the smallest retail investor.
SECZ chief executive Tafadzwa Chinamo said; “The launch is going to happen tomorrow and the President has already accepted to officiate at that. And after that what you will be seeing more of is our campaign as SECZ to educate the public on what investing on the capital markets is about.”
The ZSE and the Financial Securities Exchange (Private) Limited (FINSEC) already have systems in place that list and trade bonds. Debt listing rules have since been gazetted and paved way for the listing of bonds…
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Read complete article: The Herald
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