🇿🇼 Zimbabwe Stock Exchange | VFEX

First Capital Bank (ZSE:FCA) yesterday relisted on the Zimbabwe Stock Exchange (ZSE) after it changed its name from Barclays Bank of Zimbabwe (ZSE:BARC).

C-Trade, the online and mobile shares trading platform was launched yesterday effectively opening up Zimbabwe’s capital markets to all and sundry.It’s the first of its kind in the Sub Saharan African region. The platform will enable investors, both local and foreign to purchase securities from anywhere in the world anytime, using mobile devices.

In en effort to increase access to the market by investors, improve market liquidity and deepen the markets, the Zimbabwe Stock Exchange (ZSE) will extend trading hours by a further 2½ hours with effect from 1 July 2018, the bourse said in a statement.

A new upgraded Debt Module system, which caters for various security types both Government and corporate, is set to go live today on the Zimbabwe Stock Exchange.Acting chief executive Martin Matanda said the ZSE has worked with the Automated Trading System supplier (Infotech) in the enhancement of the Debt Module within the system. The exchanged re-launched the fixed income market last year after a two-decade hiatus but it faced challenges mainly due to its compatibility with the central depository system.