Zimbabwe will soon be a middle income country and C trade is here to enable ordinary Zimbabweans to catch up on stock trading with the rest of the world.
So, this is it, Zimbabweans can now trade shares listed on Zimbabwe Stock Exchange online. This is being made possible by C-trade, which is a platform that enables the buying and selling of shares online on a computer or mobile device. The first of its kind in Southern Africa. The launch was graced by President Mnangagwa who said;
The establishment of a well-coordinated stock exchange brings together those who require capital with those who have capital- and C-Trade allows trading from anywhere; a great stride for our country……The establishment of a well-coordinated stock exchange brings together those who require capital with those who have capital
Why this a milestone
According to C-Trade, “of the 14 million population of Zimbabwe, only 7000 are active on the stock market”. Hence C-trade will bring the stock market within reach of everyone rather than those people and institutions with hoards of money. With this platform a new batch of traders, could be pulled, who were previously concerned that they had to constantly call their broker to buy or sell securities for them. Now they can do it themselves on their smartphones or computer…
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