By Luckmore Safuli
Treasury is set to embark on a nationwide investor education outreach programme to increase citizens’ participation in financial and capital markets in line with the economic inclusion agenda.
Under the National Financial Inclusion Strategy, Zimbabwe is targeting to among other things increase access to financial services to at least 90% by the end of the year.
As part of efforts to promote financial inclusion, treasury says it will soon embark on a nationwide investor education campaign, which begins on the 13th of next month.
In an interview on the sidelines of the launch of Victoria Falls Stock Exchange, Finance and Economic Development Minister Professor Mthuli Ncube said all is set for the roadshow aimed at promoting citizens participation in capital markets.
“We want to go back to a point where ordinary citizens can see the stock market as a place where they can invest. So we want to do a roadshow around the country in terms of investor education for our citizens. We will start on the 13th of November and talk about the different financial products and what it means to invest in the stock exchange in ordinary shares.”
According to the treasury boss, the outreach programme is envisaged to provide a platform to enlighten the public on the importance of products such as the once-popular Unit Trusts and Real Estate Investment Trusts.
Some of the objectives of the campaign include the promotion of financial literacy, saving and investment culture, informed financial planning and reducing investors’ vulnerability to fraudulent schemes or financial products.