How to Buy Stocks on the Zimbabwean Stock Exchange๐Ÿ‡ฟ๐Ÿ‡ผ

Ruger Stocking
Ruger Stocking


The opening of the first stock exchange in Zimbabwe dates back to 1896 when agricultural settlers arrived. However, this exchange only lasted for a short period of time before other stock exchanges were formed in Gwelo and Umtali. The Mutare Exchange, which was established in the same year, was more successful due to its association with the mining community. Following World War II, a new national exchange was created and trading began in January 1946. In December 1951, a second floor was opened in Salisbury, which allowed trading between the two centers to take place via telephone.

Eventually, legislation was enacted to govern the rights and obligations of exchange members and the general investing public, leading to the creation of a new exchange coinciding with the passing of the Rhodesia Stock Exchange Act in January 1974. After achieving independence from Britain in 1980, the exchange changed its name to the Zimbabwe Stock Exchange. However, with the decline of the Zimbabwean economy, hyperinflation led to the adoption of the US Dollar as the legal tender for trading on the exchange in February 2009. Since then, trade has been thin with few foreign investors willing to participate.

In June 2020, the Zimbabwean government announced the suspension of trading on the exchange to address the RTGS dollar's high inflation, but operations resumed in August of that year. In 2020, the Victoria Falls Stock Exchange (VFEX) was established as a subsidiary of the Zimbabwe Stock Exchange to operate in the Victoria Falls special economic zone. VFEX trades in US dollars, which helps to shield investors from exchange control risk.

Steps to Invest

Investing in the Zimbabwean stock exchange can be a great way to grow your wealth over the long term. Here's a step-by-step guide on how to invest in the Zimbabwean stock exchange:

  1. Open a brokerage account: The first step to investing in the Zimbabwean stock exchange is to open a brokerage account with a registered stockbroker. A stockbroker is a licensed professional who buys and sells stocks on your behalf. Choose a reputable brokerage firm and ensure they are licensed to operate in Zimbabwe.
  2. Complete the necessary paperwork: You will need to provide some basic information such as your name, address, and contact details to open a brokerage account. You will also be required to provide identification documents such as a passport or national ID.
  3. Fund your account: Once your account is opened, you will need to fund it to start investing. You can transfer funds from your bank account to your brokerage account using various methods such as electronic transfer, mobile money or bank deposit.
  4. Research stocks: Before you invest in the Zimbabwean stock exchange, you need to do your research on the companies whose stocks you are interested in. Look for information such as their financial statements, management team, and industry trends to make an informed decision.
  5. Place your order: Once you have identified the stocks you want to buy, place your order with your stockbroker. There are two types of orders you can place: market orders and limit orders. A market order is an order to buy or sell a stock at the best available price at the time of placing the order, while a limit order is an order to buy or sell a stock at a specific price.
  6. Monitor your portfolio: After investing, keep an eye on your portfolio regularly to track the performance of your stocks. Stay up-to-date with the latest news and events that may affect your investments.
  7. Diversify your portfolio: To minimize your investment risk, diversify your portfolio by investing in different companies across different industries.

In summary, to invest in the Zimbabwean stock exchange, open a brokerage account, complete the necessary paperwork, fund your account, research stocks, place your order, monitor your portfolio, and diversify your portfolio. It's important to do your due diligence and work with a reputable stockbroker to help you make informed investment decisions.

List of Brokers

  1. FBC Securities
  2. IH Securities
  3. Lynton-Edwards Stockbrokers
  4. MMC Capital
  5. Morgan & Co
  6. Old Mutual Securities
  7. Premier Securities
  8. Proplife Financial Services
  9. Renaissance Capital Zimbabwe
  10. Sagit Stockbrokers

Please note that this is not an exhaustive list and there may be other licensed stockbrokers in Zimbabwe. It is recommended that you conduct your own research to find a reputable and registered stockbroker that meets your needs. For full list visit:

Zimbabwe ๐Ÿ‡ฟ๐Ÿ‡ผ

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CEO & Founder of Ruil Capital LLC and Editor of the Ruil Report. Contributor at