Published: 20 March 2014

Zimbabwe Stock Exchange chief executive Alban Chirume announced today that the bourse signed a contract for the supply and installation of the Capizar ATS product by Infotech Middle East FZ LLC.

"The Zimbabwe Stock Exchange advices all stakeholders that contract negotiations referred to in our press statement dated 17 January 2014 have been successfully concluded on Wednesday 19 March 2014.

"ZSE signed the contract for the supply and installation of the Capizar ATS product by Infotech Middle East FZ LLC," he said.

Chirume stated that on 31 January 2013 they announced the appointment of Central depository Settlement Company of Mauritius (CDSM Ltd) as their consultant to the automation project.

He noted that the consultants have since successfully guided them through the tender and vendor selection processes.

"The coming on board of Infotech and their expertise places ZSE in a good position for a safe and successful implementation.

"The immediate next steps are the study of the local environment, and the gap analysis to be carried out by the vendor in order for us to finalise the project plans," he added.

Chirume further stated that these limited activities will be followed by the procurement of computer hardware and construction of the data centre itself.

He added that they're expecting that in three to four months' time, the project will be in the training and acceptance testing stages with the final live date being their target within a period of 6 months from now.
- zfn

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