by Enacy Mapakame

The Financial Securities Exchange Limited (FINSEC), an alternative trading platform, has set up private and derivatives markets to provide further investment options to investors.
The FINSEC private market is a private funding platform for businesses at every stage of their development. This follows overwhelming demand for private debt and private equity funding on the exchange’s Growth Enterprise Market (GEM Portal), which was launched in 2019.
This also comes after the Government recently announced the applicable charges for derivatives under Statutory Instrument 70 of 2022.

“There are hundreds of thousands of registered companies in need of capitalisation and in equal measure there are as many investors willing to pour capital but have limited options to invest into the capital markets,” said FINSEC chief executive officer, Collen Tapfumaneyi.

Mr Tapfumaneyi added that the private market platform would provide debt financing, equity financing, initial public offering (IPO), pre-IPO, price and value discovery and invoice discounting investment options to investors.