So, this is it, Zimbabweans can now trade shares listed on Zimbabwe Stock Exchange online. This is being made possible by C-trade, which is a platform that enables the buying and selling of shares online on a computer or mobile device. The launch was graced by President Mnangagwa who said;
The establishment of a well-coordinated stock exchange brings together those who require capital with those who have capital- and C-Trade allows trading from anywhere; a great stride for our country……The establishment of a well-coordinated stock exchange brings together those who require capital with those who have capital
Why this a milestone
According to C-Trade, “of the 14 million population of Zimbabwe, only 7000 are active on the stock market”. Hence C-trade will bring the stock market within reach of everyone rather than those people and institutions with hoards of money. With this platform a new batch of traders, could be pulled, who were previously concerned that they had to constantly call their broker to buy or sell securities for them. Now they can do it themselves on their smartphones or computer.
How to access C-trade you can access C-traded platform on three platforms, which are;
- USSD *727#
Quick NetOne, Telecel, Africom, Econet Airtime Recharge
The Zimbabwe Stock Exchange Limited (ZSE) is a securities exchange regulated in terms of the Securities and Exchange Act (24:25) to provide for the listing and trading of securities. Securities are defined in the Securities and Exchange Act (24:25) to include shares, debt securities, depository... Read More About Zimbabwe Stock Exchange