Justin Bgoni, the CEO of the Zimbabwe Stock Exchange (ZSE), has underscored the need for the establishment of a robust debt market in Zimbabwe to enhance the country’s capital markets.
In a recent address, Bgoni pointed out that the absence of a government and private sector debt market is a major factor contributing to the country’s lower market capitalization compared to other African nations.
He cited examples of Malawi, Ghana, and Botswana, where government debt plays a significant role in market strength. Bgoni emphasized ongoing efforts to persuade the government and private sector to tap into the capital markets for fundraising, which he believes is crucial for the market’s growth and sustainability.
