FINANCE is a vital ingredient for economic growth. It is also the lifeblood of any business. How to raise finance in the form of the various sources of capital (such as debt, equity, derivative and hybrid securities) is part of the core functions of small to medium companies (SMEs) and major going concerns alike.
In this week’s piece, I will look at how capital can be raised in Zimbabwe, as well as proposing new avenues for raising capital.
In particular, I will look at how financial technology (fintech) can be leveraged to spur the securing of capital from non-traditional sources.
The Victoria Falls Stock Exchange
The Victoria Falls Stock Exchange (VFEX) is a stock market, a place where people buy and sell shares, or stock, in companies on the basis of how much they think they will be worth in future.
It is a subsidiary of the Zimbabwe Stock Exchange (ZSE) and was established in 2020. Its trading currency is United States dollars, meaning that dividends are paid out in US$ or any other convertible cu
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