Monday, July 10, 2006

Finance: Zimbabwe heads towards bourse for SMEs

A Zimbabwean official has said that plans for a stock exchange for Small to Medium Scale Enter-prises (SMEs) has reached an advanced stage, raising hopes that trading on the secondary bourse will commence this year.

Minister of Small and Medium Enterprises Development Sithembiso Nyoni, said that a committee was set up and is currently working on a report which will help the ministry to "forge ahead" with plans to set up the secondary bourse.

Xinhua reports the minister said the secondary bourse would benefit the country because it has the potential to lead the growth of the SMEs sector, which is increasingly becoming fundamental to the country's economy.

What economy?