AMH is an independent media house free from political ties or outside influence We have four newspapers: The Zimbabwe Independent, a business weekly published every Friday, The Standard, a weekly published every Sunday, and Southern and NewsDay, our daily newspapers Each has an online edition A capital markets executive this week ramped up pressure on Zimbabwe to list its debt on local bourses, as he warned procrastination would end with missed opportunities
In an exclusive interview with the Zimbabwe Independent, Justin Bgoni, chief executive officer of Zimbabwe Stock Exchange (ZSE) Holdings, said unlocking capital in Zimbabwe hinged on government taking a bold step — listing part of its debt stock ZSE Holdings is the parent company of the ZSE and the Victoria Falls Stock Exchange (VFEX) He argued the move would bring transparency to public borrowing and align Zimbabwe’s markets with regional norms, where government debt listings drive liquidity and depth “If you look at all the exchanges in Africa, the biggest portion of their listings is government debt,” Bgoni said
“Look at Botswana, South Africa, Zambia and Malawi — government debt is a significant portion of their market That is why people sometimes say the market is not big enough “What is lacking is government debt If you look at Zimbabwe, the government has borrowed US$18 billion thereabout
If even half of that was on our market, the exchanges would be much bigger Definitely, that market is important.”
Zimbabwe’s debt is estimated at US$21 billion.
Source: Theindependent
