The Zimbabwe Stock Exchange Limited (ZSE) has partnered INVESCI Asset Management (INVESCI) in the drive to promote the growth and development of Zimbabwe’s SME capital market ecosystem, as part of efforts towards deepening the country’s capital markets.
Tho two signed a Memorandum of Understanding (MOU), which they said “represents a significant expression of institutional confidence in Zimbabwe Entrepreneurship Exchange (ZEEX) and underscores the growing momentum for emerging entrepreneurs.”
ZEEX, which recently received regulatory approval from the Securities and Exchange Commission of Zimbabwe, is a newly approved digital capital-market platform designed to unlock access to capital for entrepreneurs operating in Zimbabwe’s dynamic and rapidly evolving economy.
Under the terms of the MOU, the parties have agreed to cooperate across several strategic areas, including the evaluation of investment opportunities presented through the ZEEX platform, the provision of feedback on platform design, listing standards, and institutional requirements, and participation in market development activities including advisory committees and stakeholder forums.
“The formalisation of this partnership with INVESCI is a clear demonstration that institutional investors recognise the transformative potential of ZEEX,” said Justin Bgoni, group chief executive of ZSE Holdings Limited.
“By bringing structured capital and institutional rigour into the SME space, we are laying the foundation for a robust and inclusive capital market that serves the full spectrum of Zimbabwe’s entrepreneurial economy,” he said.
Thomas Chataika, managing director of INVESCI, added: “A tailor made platform such as the ZEEX will lead to more efficient discovery of investment opportunities and allocation of capital.”
“This will be a true win-win for both suppliers of capital and entrepreneurs with a guaranteed “open cards” treatment for both sides,” he said.