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Chipo Chaumba
The Zimbabwe Stock Exchange Limited (ZSE) has signed a memorandum of understanding with GetBucks Microfinance Bank Limited (GetBucks) that will entail the two parties working together towards the operationalisation of the Zimbabwe Emerging Enterprise Market (ZEEM)
Said ZSE chief executive Justin Bgoni:
“The ZEEM product will be offered through an Over-The-Counter platform targeted at initially offering working capital solutions for formalised businesses, including Small to Medium Enterprises.
“Over time, the ZSE will facilitate and assist small to medium size enterprises to list on the secondary bourse through training, workshops and other initiatives to educate SMEs on benefits of listing and meeting the requirements.
GetBucks is expected to play a critical role in terms of support.
He added:
“The ZSE and GetBucks are also working together in establishing a receivables exchange, a precursor to the ZEEM project. This collaboration reinforces ZSE’s drive to foster the growth of the capital markets in Zimbabwe and resonates with our vision of facilitating Economic Development in Zimbabwe and Africa.”
Bongani Ndlovu