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SECZ, ZSE shortlisted for prestigious Africa award

by Business Reporter
29 Aug 2013 at 03:37hrs | Views
The Securities Commission of Zimbabwe and the Zimbabwe Stock Exchange have been shortlisted for the prestigious Africa investor Index Series awards.

The awards, which are the only pan-African awards designed to recognise Africa's best performing stock exchanges, listed companies, investment banks, regulators and fund managers, will be held at the New York Stock Exchange on September 24 during the UN General Assembly.

SECZ will compete with seven other regulators from across Africa for the Most Innovative Capital Markets Regulator Award. ZSE was shortlisted along with Nigeria Stock Exchange, Ghana Stock Exchange, Nairobi Stock Exchange, Lusaka Stock Exchange and others for the Most Innovative African Stock Exchange Award.

SECZ chief executive Mr Tafadzwa Chinamo said the shortlisting was a good thing as it could be an avenue to bring back investor confidence into the country.

"It's good exposure for us as an investment destination for international capital in a very competitive world. The shortlisting alone is recognition that Zimbabwe has good systems and investors should take comfort in investing here," he said.

The awards also acknowledge best performing companies and their chief executives.

Africa investor's Ai 100 and Ai 40 Investors' indices capture the top 40 and 100 of the largest and most liquid publicly traded stocks across Africa, ranking them by market capitalisation and by liquidity, as measured by the average daily value traded in US dollars.

Companies such as Innscor Africa and Delta Corporation have been shortlisted for the Best Performing Ai 100 Company.

Innscor Africa's chief executive, Mr John Koumides, and recently appointed chief executive of Delta Corporation Mr Pearson Gowero also qualified for the Best Ai 100 CEO of the Year.

Commenting on the 2013 Awards shortlist, Africa investor chief executive Mr Hubert Danso said Africa investor's focus was to intermediate global capital with viable transactions and investment opportunities across African markets.

"We are therefore delighted with this year's quality and quantity of entries, which are first class and an exceptional advertisement for the continent. I applaud the nominees for bringing recognition to Africa's investment competitiveness through their participation in these important Ai Capital Markets Awards," he said.

The Ai Index Series Awards will be held during the 6th Ai CEO Institutional Investment Summit, held in association with NYSE Euronext.

Source - herald
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