Browsing: VFEX Direct

The ZSE’s 2020 research found that individual Zimbabweans made a meagre amount of contributions to the regional capital market. A few of the obstacles mentioned are a lack of understanding of the investment process and the notion that it is the realm and preservation of the wealthy in society.

According to an article by Mail and Guardian published May 25, 2022, this survey prompted the bourse to launch ZSE Direct, a product that would make access to the market straightforward even for first-time investors.

Since the launch of VFEX in 2020, trading has mainly been dominated by institutional investors, and from the feedback received, retail investors would also like to participate in the VFEX. In the press release, VFEX CEO Justin Bgoni said VFEX Direct was mainly developed with retail investors in mind.

VFEX Direct will be accessible through the web portal and mobile application (Google Play Store and Apple App Store).

Investors wishing to participate through VFEX Direct will be required to hold an FCA (Nostro) account with any Zimbabwean bank.