Muzondo convening UK conference to showcase opport...

Muzondo convening UK conference to showcase opportunities in Zim

Zim Now Writer

Financial Markets Indaba, in conjunction with the Zimbabwe Embassy in London, the United Kingdom, is on April 21 co-hosting the Zimbabwe Capital Markets Conference.

FMI Marketing Director Patrick Muzondo said the conference serves to encourage individuals to invest on the local markets including stock exchanges, the Zimbabwe Stock Exchange and the Victoria Falls Stock Exchange.

“The market keeps transforming and building capacity to offer a wide variety of new products. The recent establishment of the Victoria Falls Stock Exchange is one of the many initiatives Government is pursuing to stabilise the economy and attract foreign direct investments.

“There is growing activity on the VFEX with a number of companies showing interest to list on the foreign currency-denominated bourse to seek to take advantage of offshore settlement options which allow investors to efficiently repatriate their dividends.

“The launch of the VFEX has been a game changer and the government expects that it will emerge as a competitive global platform to raise capital and this will transform the country’s tourism capital into an attractive Offshore Financial Services Centre,” Muzondo said.

The conference aims to explore the role of capital markets for sustainable growth of the economy and an opportunity to inform the diaspora and demystify complications that surround participating in financial and capital markets.

ZSE is the backbone of Zimbabwe’s capital market with a history dating back as far as 1896. VFEX, a subsidiary of the Zimbabwe Stock Exchange, is a financial offshore centre that trades in foreign currency and is earmarked for the special economic zone in Victoria Falls.

FMI has the aim of mobilising investment through convening diaspora, leading global institutional investors to identify investment opportunities.