Zimbabwe parastatal to be listed on ZSE

Government and parastatals bonds will be listed on the Zimbabwe Stock Exchange (ZSE) and agencies will be registered to rate bonds listed on the bourse in far-reaching reforms to boost the capital markets.

Finance minister Patrick Chinamasa said the debt market was an ideal platform for the government to source long-term funding for infrastructural projects.

A bond is a debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate.