ZSE urges SMEs to tap into capital markets

Edwin Moyo

Harare – The Zimbabwe Stock Exchange (ZSE) is championing a new frontier for small businesses in Zimbabwe, urging them to tap into the capital markets for growth.

Speaking at a breakfast meeting with stakeholders in Harare recently, ZSE CEO, Justin Bgoni said SMEs can now access short-term financing options tailored to their specific needs, ranging from three months to a year.

“The Zimbabwe Stock Exchange offers a diverse array of debt instruments, and the exchange’s role goes beyond mere trading. It is a strategic financial partner akin to traditional banks, presenting businesses with compelling alternatives for raising capital,” Bgoni said.

Bgoni added that cultivating a mindset shift requires time and the need to eventually adopt an entrepreneurial approach locally.

Earlier this year, the ZSE launched the Capital Markets Association (CMA), an umbrella body to be the voice of the business sector.

The association includes the exchanges, depositories, stockbrokers, custodians, and asset managers, with the aim of pushing research relevant to the capital markets.

The association also seeks to educate business associates on best practices, The Midweek Watch can reveal.

The ZSE, founded in 1896 and opened to foreign investment in 1993, currently 63 listed equities and supports key indices, including the ZSE All Share and ZSE Top 10.

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