LIVINGSTONE MARUFU
THE Zimbabwe Stock Exchange Limited (ZSE) has signed Memorandum of Understanding with GetBucks Microfinance Bank Limited as it moves to operationalise the coming on board of a secondary bourse for small to medium enterprises (ZSE).
The move is expected to help emerging markets to grow into big entities.
ZSE chief executive Justin Bgoni said the partnership will entail the two parties working together towards operationalising the Zimbabwe Emerging Enterprise Market (ZEEM).
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,” Bgoni said.
“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 will play a critical role in terms of support.”
He said 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. The ZSE is looking forward to a fruitful partnership with GetBucks in ensuring the growth of SMEs under ZEEM,” Bgoni said.
