Online Reporter
Judith Phiri
Zimpapers Business Hub
THE Zimbabwe Stock Exchange (ZSE), in collaboration with the Victoria Falls Stock Exchange (VFEX), is set to launch the second edition of the inaugural Prospective Issuers Training Programme (PITP) this year.
This follows the successful launch and implementation of the programme in 2024, which seeks to equip potential issuers with the know-how for future initial public offers or other listing methods.
This year, the training programme’s first session is slated for July, with the second session in August and the third session in September.
In a statement, ZSE chief executive officer Mr Justin Bgoni said PITP was a strategic capacity-building initiative.
“The second edition of the PITP is offering opportunities to businesses that are considering capital raising through the capital markets. PITP is a strategic capacity-building initiative designed to equip potential issuers with the knowledge, resources, and support needed to navigate the listing process on the ZSE and VFEX,” he said.
“The programme provides a structured pathway for companies to prepare for a potential Initial Public Offering (IPO) or other modes of listing.”
Mr Bgoni said key features of the programme included comprehensive training on the listing process, compliance and regulatory expectations.
It also provides practical workshops facilitated by experienced capital markets professionals, as well as guidance on corporate governance, financial and integrated reporting.
He added: “The programme offers tools to build effective investor relations and strategic communications, while another key feature is tailored mentorship and advisory from capital market experts. The ZSE will continue to offer the programme free of charge to the 2025 successful applicants.”
He said sessions would be delivered over a three-month period and were designed to provide hands-on engagement with senior executives of participating firms.
Mr Bgoni highlighted that participation was critical to unlocking capital raising opportunities by preparing participants to access funding via public markets.
“It will also enhance market visibility by elevating your corporate profile among stakeholders. Participants will receive expert guidance by engaging with specialists across the capital markets ecosystem. The programme will help build long-term sustainability by strengthening your governance and strategic positioning.”
Mr Bgoni said the expression of interest window opens on June 4 and closes on June 30, while shortlisted candidates would be notified following a selection process led by the ZSE and VFEX.
ZSE is a licensed securities exchange in terms of the Securities and Exchange Act (24:25).
Its core mandate is to facilitate long-term capital raising through the listing of securities as well as offering secondary market securities trading and issuer regulation services.
Dating back to 1894, the ZSE has evolved to be one of the longest-established capital-raising platforms in Africa.
While VFEX is a subsidiary of ZSE, established in 2020 to kick-start the Offshore Financial Services as a United States dollar-denominated bourse, operating within the Victoria Falls special economic zone.
VFEX is increasingly becoming the preferred exchange as it continues to evolve through new listings and new product development from various sectors such as mining, financial services, tourism, hospitality, clothing and real estate, among others.
