HARARE, June 10 (NewsDay Live)-The Zimbabwe Stock Exchange (ZSE) has signed a memorandum of understanding (MoU) with INVESCI Asset Management to accelerate the development of small and medium enterprises (SME) capital market ecosystem through the newly-approved Zimbabwe Entrepreneurship Exchange (ZEEX).
The agreement positions INVESCI as a strategic partner of ZEEX, a digital capital market platform recently approved by the Securities and Exchange Commission of Zimbabwe (SECZim) to facilitate fundraising and investment opportunities for emerging businesses.
The partnership reflects growing institutional confidence in ZEEX and its potential to unlock capital for entrepreneurs operating in Zimbabwe’s evolving economy.
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Under the terms of the agreement, ZSE and INVESCI will collaborate in evaluating investment opportunities presented through the platform, providing feedback on listing standards and institutional requirements, participating in market development initiatives, and advocating for regulatory frameworks that support SME capital market growth.
ZSE Holdings Group chief executive officer Justin Bgoni said the partnership demonstrated strong institutional backing for the exchange.
“The formalisation of this partnership with INVESCI is a clear demonstration that institutional investors recognise the transformative potential of ZEEX,” Bgoni said.
“By bringing structured capital and institutional rigour into the SME space, we are laying the foundation for a robust and inclusive capital market that serves the full spectrum of Zimbabwe’s entrepreneurial economy. We look forward to deepening this collaboration as we move toward the formal launch of ZEEX.”
INVESCI managing director Thomas Chataika said the firm was excited to contribute to the deepening of Zimbabwe’s capital markets.
“We are excited with this opportunity to play a role in the deepening of our capital markets and economy. A tailor-made platform such as the ZEEX will lead to more efficient discovery of investment opportunities and allocation of capital,” Chataika said.
He added that the platform would create benefits for both investors and entrepreneurs through greater transparency and trust.
“This will be a true win-win for both suppliers of capital and entrepreneurs with a guaranteed ‘open cards’ treatment for both sides,” he said.
“The history and pedigree of the ZSE — an exchange which has been in successful operation since 1894 — is the fundamental building block for the trust necessary for investors to open their wallets and for entrepreneurs to share their opportunities.”
ZEEX is designed to support primary-market fundraising, asset tokenisation and secondary-market trading on a single integrated platform. The exchange seeks to improve financial inclusion, broaden the investor base and provide a regulated, lower-cost avenue for local companies to raise capital.
The ZSE said it would announce the formal launch date of ZEEX once the remaining compliance frameworks required for its operationalisation have been completed.