[ad_1]
Zimbabwe's capital markets are expected to grow the most in recent years as President Mnangagwa will officiate at the launch of C-TRADE tomorrow.
C-TRADE is an online and mobile trading platform for trading stocks in Zimbabwe. Exchange, and will be the first of its kind in sub-Saharan Africa. The platform will allow investors, local and foreign, to buy securities anywhere in the world, using mobile devices.
The initiative is led by the Financial Markets Regulator, SECZ (Securities Exchange Commission of Zimbabwe). inclusion by encouraging the participation of the smallest retail investor.
the general manager of SECZ Tafadzwa Chinamo said; "The launch will take place tomorrow and the President has already agreed to officer, and after, what you will see more, it is our campaign as SECZ to educate the public about what is investment in capital markets. " 19659005] Mr. Chinamo added that C-TRADE should broaden and deepen the capital markets and that the capital markets regulator takes the issue "very seriously".
"We have addressed the issue of deepening and expanding capital markets very seriously, to the extent that we have added a new committee to our investor education council. "
The technical partner of the mobile trading platform is Escrow Systems, a unit of the Escrow group that provided the technical solution. for the mobile-traded retail bond in Kenya last year. The system will allow mobile trading of bonds and stocks.
The ZSE and the Financial Securities Exchange (Private) Limited (FINSEC) have already put in place systems that list and trade bonds. Since then, the ZSE has rated a bond (Getbucks) and FINSEC also has three debt registrations, namely tranches of the Zimbabwe Infrastructure Development Bank (IDBZ). 1 and 2, and the UNTU U-Gain link.
An badysis of the statistics shows that 2017 has seen quarterly increases in equity flows.
The second and third quarters of last year recorded growth of 48% and 87% The business turnover, respectively, topped the public index of the local stock market fencing the third quarter at 418.39 points, against 145.27 at the beginning of the year, a jump of 188%.
At the end of November, the "mainstream" index reached a record high of 534.13, with $ 451.71 million reinvested in equities.
In general, investments in financial markets cover a wide range of products, but Zimbabwe's financial markets are poorly developed. stock-dominated, although one can invest in Undertakings for Collective Investment / Trusts Units and other private funds. SECZ has since indicated its intention to introduce a wide range of investment products such as real estate investment trusts (REITS) and derivatives.
[ad_2]
Source link
