The Zimbabwe Stock Exchange (ZSE) plans setting up a secondary bourse for small- and medium-sized enterprises.
ZSE chief executive Mr Emmanuel Munyukwi told the initiative would go ahead as planned, but did not mention dates.
However, Mr Munyukwi stressed there were more pressing issues that required attention at present before they could pursue plans to set up an SME trading floor.
ZSE ambitions to create a secondary bourse appeared to have hit a snag after authorities indicated that the prevailing economic conditions were not conducive for such initiatives.
The setting up of another bourse had been evoked by the desire to empower and give accent to small- to medium-sized businesses.
For SME firms, a secondary bourse would catalyse their growth by creating a ready capital-raising platform and acting as a launching pad into the limelight, a necessary prerequisite to attract different forms of investment.
