Zimbabwe Stock Exchange hosts capacity-building workshop
The Zimbabwe Stock Exchange (ZSE) is conducting a capacity-building exercise on Exchange-Traded Funds (ETFs) with officials from the Malawi Stock Exchange and the Reserve Bank of Malawi.
ETFs are baskets of different types of investments, such as stocks, commodities, and bonds, pooled into a single entity. This entity then offers shares to investors, which are subsequently traded on major stock exchanges.
In a notice, the ZSE said that the primary aim of the engagement is for Malawi to gain an appreciation of ETFs in Zimbabwe, enabling the Malawi Stock Exchange to develop a conducive ETF framework.
“The ZSE is hosting delegates from Malawi Stock Exchange and The Reserve Bank of Malawi on a capacity building exercise about ETFs. The objective of the study tour is to understand the landscape of ETFs in Zimbabwe to enable Malawi Stock Exchange to develop a conducive ETFs framework in Malawi.”
The Malawi Stock Exchange (MSE) has been in existence since 1994 but began equity trading in November 1996 when it first listed the National Insurance Company Limited (NICO).
Prior to the listing of the first company, the major activities undertaken included providing a facility for secondary market trading in Government of Malawi bonds, namely Treasury Bills and Local Registered Stock.-choncile