ZSE launches training institute

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THE Zimbabwe Stock Exchange (ZSE) has launched a training institute to deliver special skills to market participants.

The institute was officially launched by Canaan Dube, the chairperson of the Association of Listed Companies.

“The mandate of the ZSE training institute is to deliver specialised training to stakeholders on various capital market subjects, which include ZSE listing requirements, ZSE products and services, how companies can list and preserve value for investors and the general process of investing on the stock exchange,” said Justin Bgoni, the exchange’s chief executive.

“The training institute has been designed with the different needs of capital market players in mind. As the ZSE, we have developed a multi-pronged delivery strategy encompassing online channels, customised training and seminars.”

The Launch of the institute was accompanied by the unveiling of an online training portal.

“The training institute portal is a user friendly, online educational platform that was designed to promote financial education in our capital markets.

“The portal includes features such as online bookings, online courses and investment resources,” Bgoni said.The portal comes with free courses on the general aspects of the capital markets.

“Stakeholders can also make use of the portal to make online bookings for upcoming events and training courses.
“The ZSE hopes that the training courses offered will aid in investor education and promote financial inclusion,” the exchange boss added.

It comes as the exchange has been introducing new products and services to bring the market up to speed with global trends.

The exchange recently announced that firms can now apply to list Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs) following the approval to amend the rules by the Securities and Exchange Commission of Zimbabwe.

ETFs are baskets of different types of investments such as stocks, commodities and bonds that are pooled into a single entity, which then offers shares to investors that are subsequently traded on major stock exchanges.
The ZSE has also said it is working with the Harare Receivables Exchange (HRE) to develop a receivables financing platform.

“The ZSE wishes to advise stakeholders on the signing of a Memorandum of Understanding (MOU) between the ZSE and HRE…the signing of the MOU forms a basis for ZSE and HRE to establish a framework in the development of a receivables financing platform,” Bgoni said recently.

Receivables trading platforms, which are also known as Invoice trading platforms, allow businesses to sell individual unpaid invoices in order to free up cash.

HRE is the only receivables-focused, trading company in Zimbabwe.

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