Published: 01 September 2017

A Zimbabwe Investment Portfolio Fund was established with effect from today, Friday the 1st of September to facilitate an easy repatriation of funds by foreign investors on the Zimbabwe Stock Exchange (ZSE).

Delays in the payment of foreign investor returns are expected to come to an end as the central bank will release an initial US$5 million fund to be administered by two selected banks for the payment of foreign investors dividends.

An Indian investor Mr Rajinder Goel said the plan is critical towards increasing external investor confidence.

the fund is envisaged to restore confidence on the local bourse by demonstrating that there is a pathway for foreign investors to realise their gains in Zimbabwe, said an industrialist Mr Shephard Kembo.

The fund is also expected to stimulate active trading and a vibrant market with efficient and accurate price discovery for investors.
- zbc

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