Zimbabwe plans to start a bond market by the end of June as the southern African nation’s bourse seeks to revive trading amid an economic slump.
“The Zimbabwe Stock Exchange has been working on the concept of introducing a regulated platform for debt instruments in the last 12 months,” Chief Executive Officer Alban Chirume said in an e-mailed response to questions last week. A bond market “will diversify the avenues through which entities can raise capital, offer investors a wider range of investment choices for their portfolios and hopefully usher in new revenue inflows for the ZSE,” he said.
