Pure propaganderised insanity prevails in the "State Controlled" Herald newsp {scrub that - "rag"}; yes 'State Sponsored Rag'
Enacy Mapakame, Business Reporter (??)
Finance and Economic Development Minister Professor Mthuli Ncube is next month expected to headline the Zimbabwe Capital Markets conference in London, United Kingdom, which seeks to showcase the opportunities and broaden the country’s capital markets.
Mthuli Ncube "Headlining" is very much unlikely with the state of the Zimbabwean Economy - maybe he will be used as "An example"!!
The conference will be hosted by Financial Markets Indaba (FMI) in conjunction with the Zimbabwe Embassy in the United Kingdom on April 20 at the London Stock Exchange and April 21 at Queen Elizabeth 11 Conference Centre. Among the key topics that will be discussed is strengthening local capital markets; from diversifying currencies to facilitating foreign investments and transitioning to an emerging market economy as well as case studies on how companies benefited from listing.
Just who are FMI above - one look at their website shows their markets - 'Diaspora Mortgages'? Just how much has the Embassy Paid to Claim these events at the London Stock Exchange and at the Conference Centre??
“The aim of the Zimbabwe Capital Markets Conference is to highlight and recognise the important role played by capital markets in economic development and preservation and growth of households’ savings, as well as to focus on opportunities available in different sectors outlining the opportunities for the diaspora, international investors, companies/firms to allocate capital in different asset classes.
Solid 'waffle'! What on earth is this reporter saying - "opportunities" in Zimbabwe??
“The conference serves as an opportunity to inform the diaspora and demystify complexities and myths that surround participating in financial and capital markets and in turn encourages individuals from all walks of life to invest in the local markets including stock exchanges,” said FMI managing director Mr Patrick Muzondo.
Capital markets in Africa are composed mainly of stock exchanges and bond markets. Securities markets are non-negligible complements to bank financing on the continent, with bond issuances mostly done by governments and only fewer big corporations listed on the domestic stock exchanges. Nevertheless, capital markets play an important role in complementing bank financing on the continent.
For the many African countries seeking to attract much more investment, the issue of strengthening capital markets is critically important. “Stock markets, therefore, are able to positively influence economic growth through encouraging savings amongst individuals and providing avenues for firm financing,” said Mr Muzondo. The number of stock exchanges on the continent has grown from five in 1989 to 28 today, with stock markets growing continuously in the number of shares listed and the traded volume.
In Zimbabwe, the main bourse, the Zimbabwe Stock Exchange (ZSE) is the backbone of the country’s capital markets with a history dating back as far as 1896 It is one of the oldest and highly diversified exchanges in Africa given listings spanning all key sectors of the economy. The sector continues to grow and evolve although there is consensus amongst capital markets players that the sector currently has an untapped potential contribution to economic growth.
The recent establishment of the Victoria Falls Stock Exchange (VFEX) is one of the many initiatives the Government is pursuing to stabilise the economy and attract foreign direct investments. The VFEX is a financial offshore centre that trades in foreign currency and is earmarked for the special economic zone in Victoria Falls. 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.
It is expected the VFEX 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. Financial Markets Indaba (FMI) is a series of interactive investment-related forums and conferences convened in Johannesburg, London, Harare and virtually.
FMI is based in Johannesburg with a presence in Harare and London, and has hosted more than 50 investor events in the last seven years as well as webinar events. Its aim is to mobilise investment through convening diaspora, leading global institutional investors, corporate leaders, industry experts and its team of analysts to explore sector and market trends and identify significant investment opportunities.