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  • No maize at commodities exchange

    No maize at commodities exchange

    Enacy Mapakame – Business Reporter The much awaited commodities exchange — Zimbabwe Mercantile Exchange (ZMX), will comply with Statutory Instrument 145 of 2019 (SI 145) on trading of strategic grain such as maize, which will for now remain a responsibility for the Grain Marketing Board (GMB). The ZMX has 18 commodities that will trade on […]

  • Regional bourses commit to lure new investors

    Regional bourses commit to lure new investors

    Enacy Mapakame-Business Reporter Regional stock exchanges have committed to enhancing the capital markets and increase their allure as preferred investment destinations for both local and foreign investors as well as attract new listings. At their recently held 58th bi-annual meeting of the Committee of SADC Stock Exchanges (CoSSE), the secretariat emphasised on the need to […]

  • ZMX launch set for March 31 as 3 banks pledge to extend credit

    ZMX launch set for March 31 as 3 banks pledge to extend credit

    HARARE – Zimbabwe Mercantile Exchange (ZMX) is on course for a March 31, 2021 opening with the entire system on which the commodities exchange shall rise having been set up and tested while the entity is now licenced by the Agricultural Marketing Authority. The exchange is a partnership between FINSEC, TSL, CBZ and Government. Escrow […]

  • Govt partners private sector on commodities exchange

    Govt partners private sector on commodities exchange

    The Financial Securities Exchange Limited (FINSEC), in partnership with TSL Limited and financial services group CBZ Holdings Limited, has established the Zimbabwe Mercantile Exchange (ZMX) in a Public-Private Partnership (PPP) with Government. This comes as Government puts in place the National Agriculture Policy Framework (NAPF) 2018 to 2030 to guide investments and sub-sector strategies in […]

  • Commodities exchange pilot programme in progress

    Commodities exchange pilot programme in progress

    Enacy Mapakame Business Reporter Pilot programme and awareness campaigns for the soon coming commodities exchange are already underway as efforts to intensify its operations by March 2021. In his 2021 National Budget, Finance and Economic Development Minister Professor Mthuli Ncube indicated the exchange will be launched in March next year, to address agriculture marketing problems, […]

  • Fronteras Novastra makes it on GEM Portal

    Fronteras Novastra makes it on GEM Portal

    Enacy Mapakame Business Reporter Fronteras Novastra Investment Holdings Limited has been accepted on the recently opened GEM Portal as a Qualified Investor bringing with it an initial US$250 000 funding for small to medium enterprises. GEM Portal by Financial Securities Exchange (FINSEC) is a dedicated online platform designed for SMEs in need of raising capital […]

  • Zimbabwe: FINSEC Opens Up Growth Enterprise Market Platform

    Zimbabwe: FINSEC Opens Up Growth Enterprise Market Platform

    By Staff Reporter In December 2019 FINSEC, in partnership with the United Nations Capital Development Fund (UNCDF) unveiled a pioneering online funding platform designed to assist Growth Enterprises including Small and Medium Enterprises (SMEs) in accessing diversified capital raising options through the use of securities market infrastructure. Since the unveiling of this innovation, FINSEC and […]

  • FINSEC pilots first GEM Portal in Sub-Saharan Africa

    FINSEC pilots first GEM Portal in Sub-Saharan Africa

    Enacy Mapakame Business Reporter The first ever Growth Enterprise Market (GEM) portal in the region by  Financial Securities Exchange Limited (FINSEC) is now available and ready for small to medium enterprises (SMEs) in need of raising funding via capital markets. Launched last December, the GEM portal is a dedicated online platform designed for SMEs in […]

  • Finsec to launch new depository receipts

    Finsec to launch new depository receipts

    Enacy Mapakame Financial Securities Exchange Limited (Finsec), will soon launch new financial instruments — depository receipts — on its exchange that will allow local investors to buy financial instruments with ease in companies that are listed outside Zimbabwe. Depositary receipts are negotiable certificates issued by a bank representing shares in a foreign company traded on […]

  • Finsec to launch derivatives system

    Finsec to launch derivatives system

    Panashe Chikonyora and Chipo Chaumba Financial Securities Exchange Limited (Finsec) says it will soon launch an electronic trading system for derivatives on its securities platform. The company said the system will enhance transparency, promote diversification as well as curb the dangers associated with existing methods. Derivatives are financial securities with a value that is reliant […]

No maize at commodities exchange

Enacy Mapakame – Business Reporter The much awaited commodities exchange — Zimbabwe Mercantile Exchange (ZMX), will comply with Statutory Instrument 145 of 2019 (SI 145) on trading of strategic grain such as maize, which will for now remain a responsibility for the Grain Marketing Board (GMB). The ZMX has 18 commodities that will trade on […]

May 5, 2021 Read More

Regional bourses commit to lure new investors

Enacy Mapakame-Business Reporter Regional stock exchanges have committed to enhancing the capital markets and increase their allure as preferred investment destinations for both local and foreign investors as well as attract new listings. At their recently held 58th bi-annual meeting of the Committee of SADC Stock Exchanges (CoSSE), the secretariat emphasised on the need to […]

Read More

ZMX launch set for March 31 as 3 banks pledge to extend credit

HARARE – Zimbabwe Mercantile Exchange (ZMX) is on course for a March 31, 2021 opening with the entire system on which the commodities exchange shall rise having been set up and tested while the entity is now licenced by the Agricultural Marketing Authority. The exchange is a partnership between FINSEC, TSL, CBZ and Government. Escrow […]

February 19, 2021 Read More

Govt partners private sector on commodities exchange

The Financial Securities Exchange Limited (FINSEC), in partnership with TSL Limited and financial services group CBZ Holdings Limited, has established the Zimbabwe Mercantile Exchange (ZMX) in a Public-Private Partnership (PPP) with Government. This comes as Government puts in place the National Agriculture Policy Framework (NAPF) 2018 to 2030 to guide investments and sub-sector strategies in […]

December 24, 2020 Read More

Commodities exchange pilot programme in progress

Enacy Mapakame Business Reporter Pilot programme and awareness campaigns for the soon coming commodities exchange are already underway as efforts to intensify its operations by March 2021. In his 2021 National Budget, Finance and Economic Development Minister Professor Mthuli Ncube indicated the exchange will be launched in March next year, to address agriculture marketing problems, […]

Read More

Fronteras Novastra makes it on GEM Portal

Enacy Mapakame Business Reporter Fronteras Novastra Investment Holdings Limited has been accepted on the recently opened GEM Portal as a Qualified Investor bringing with it an initial US$250 000 funding for small to medium enterprises. GEM Portal by Financial Securities Exchange (FINSEC) is a dedicated online platform designed for SMEs in need of raising capital […]

November 20, 2020 Read More

Zimbabwe: FINSEC Opens Up Growth Enterprise Market Platform

By Staff Reporter In December 2019 FINSEC, in partnership with the United Nations Capital Development Fund (UNCDF) unveiled a pioneering online funding platform designed to assist Growth Enterprises including Small and Medium Enterprises (SMEs) in accessing diversified capital raising options through the use of securities market infrastructure. Since the unveiling of this innovation, FINSEC and […]

October 29, 2020 Read More

FINSEC pilots first GEM Portal in Sub-Saharan Africa

Enacy Mapakame Business Reporter The first ever Growth Enterprise Market (GEM) portal in the region by  Financial Securities Exchange Limited (FINSEC) is now available and ready for small to medium enterprises (SMEs) in need of raising funding via capital markets. Launched last December, the GEM portal is a dedicated online platform designed for SMEs in […]

Read More

Finsec to launch new depository receipts

Enacy Mapakame Financial Securities Exchange Limited (Finsec), will soon launch new financial instruments — depository receipts — on its exchange that will allow local investors to buy financial instruments with ease in companies that are listed outside Zimbabwe. Depositary receipts are negotiable certificates issued by a bank representing shares in a foreign company traded on […]

March 19, 2020 Read More

Finsec to launch derivatives system

Panashe Chikonyora and Chipo Chaumba Financial Securities Exchange Limited (Finsec) says it will soon launch an electronic trading system for derivatives on its securities platform. The company said the system will enhance transparency, promote diversification as well as curb the dangers associated with existing methods. Derivatives are financial securities with a value that is reliant […]

March 17, 2020 Read More