Staff Writer
The Zimbabwe Stock Exchange Holdings (ZSEH) has self-listed on its Main Board by way of introduction, and trading of its securities will commence on July 11, 2025.
Chief executive Justin Bgoni said the listing is part of the ZSE’s transformational journey, which began in 2020 and is now coming to a close with the accomplishment of ZSE Holdings’ self-listing on the ZSE.
He said the self-listing enables the exchange to remain competitive in the region, also highlighting that the process of self-listing is not a new phenomenon.
Bgoni noted the peers who have undergone self-listing in the region include the Johannesburg Stock Exchange (JSE), which was listed in 2006, the Nairobi Securities Exchange (NSE) in 2014, the Dar es Salaam Stock Exchange (DSE) in 2017, and the Nigerian Stock Exchange (NGX) since 2021.
“We have been working tirelessly to grow our capital markets through diversification of new products. This process has enabled us to evolve, and as we look back, we have managed to enhance our service offering,” he said.
Mr Bgoni said during the transformational journey, the ZSE builds brands that include ZSE and VFEX Markets, ZSE and VFEX Depositories, ZSE and VFEX Direct and the ZSE Training Institute.
“We are excited about the new opportunities that lie ahead as a listed entity. As we look forward to the next chapter, we are excited about the prospects that we are exploring with our exchanges, which include the inclusion of small to medium enterprises (SMEs) to access finance through our platforms.
“We will ensure that we create a business-friendly environment that accommodates this crucial sector, allowing them to tap into and raise capital on our platforms,” he said.
The ZSE has also adopted a new ZSE logo which has been refreshed by combining some elements from the previous logo with new icons.
A blue circle has been incorporated as one of the key elements. A never-ending line in a circle represents endurance, protection, and security, which are the ethos of our exchange. The upward arrows are now more prominent. “They tell the story of the stock market’s upward and downward movement,” said Bgoni.
ZSE new logo
This strategic move of self-listing will see the entire issued share capital of ZSE Holdings (102 717 520 ordinary shares) listed by way of introduction.
According to ZSE, the decision for self-listing is poised to unlock shareholder value and foster greater corporate governance and transparency through public reporting obligations.
The self-listing is also expected to enhance access to capital markets, as well as improve brand visibility for both the ZSE and VFEX.
According to Secretary General of the Stockbrokers Association of Zimbabwe, Arnold Chibvongodze, the importance of self-listing promotes visibility of the exchange and puts Zimbabwe on the map to attract foreign investors and boost investor confidence.
Finance Minister Professor Mthuli Ncube said the ZSE Holdings self-listing opens up new opportunities for growth and investment.
He highlighted that capital markets are the lifeblood of any economy; hence, the self-listing of ZSE holdings opens up new opportunities for broader investment in the market.
