Sikhulekelani Moyo
Zimpapers Business Hub
THE Securities and Exchange Commission of Zimbabwe (SECZim) and the Victoria Falls International Financial Services Centre (VFIFSC) have signed a binding cooperation agreement to strengthen regulation, supervision and market integrity.
The Memorandum of Understanding (MOU), described by both parties as a binding contract rather than a declaration of intent, was signed in Bulawayo on the sidelines of the inaugural Financial Markets Stakeholder Summit on Tuesday.
SECZim chief executive officer (CEO) Mr Tichaona Mushambadope said the agreement is more than a formality and will address long-standing questions from the market about coordination between the two institutions.
“It is a great honour to address you on this important occasion, marking the signing of the MOU between the Securities and Exchange Commission and Victoria Falls International Financial Service Center,” Mr Mushambadope said.
“This occasion represents more than formalisation of an institutional relationship, demonstrating our shared commitment to strengthening Zimbabwe’s financial services architecture, promoting regulatory cooperation, and creating an enabling environment for investment, innovation, and sustainable economic development.”
Mr Mushambadope said the Government’s establishment of the VFIFSC is part of a broader ambition to position Zimbabwe as an attractive destination for domestic and international investment.
He, however, noted that this requires credible regulation, institutional coordination and effective risk management.
“I think this partnership effectively reduces or decimates our regulatory arbitrage,” he said.
“The capital market landscape continues to evolve. New investment products, digital financial services, digital assets, and cross-border financial activities are changing how capital is raised, invested, and traded.
“They also introduce new regulatory and supervisory considerations, particularly on market activities and connections across regulatory frameworks.”
