Harare to start bond mar­ket

The Star Early Edition - - BUSINESS REPORT -

THE ZIM­BABWE Stock Ex­change (ZSE) plans to start a bond mar­ket by the end of June as it seeks to re­vive trad­ing amid an eco­nomic slump.

“The Zim­babwe Stock Ex­change has been work­ing on the con­cept of in­tro­duc­ing a reg­u­lated plat­form for debt in­stru­ments in the last 12 months,” said chief ex­ec­u­tive Al­ban Chirume. A bond mar­ket “will di­ver­sify the av­enues through which en­ti­ties can raise cap­i­tal, of­fer in­vestors a wider range of in­vest­ment choices for their port­fo­lios and hope­fully usher in new rev­enue in­flows for the ZSE”, he said.

“The tur­moil in the po­lit­i­cal scene does have a neg­a­tive im­pact on the per­for­mance of the ZSE,” Chirume said. ”In­vestors tend to trade cau­tiously or stay away in times of tur­moil.” – Bloomberg

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