The Securities & Exchange Commission of Zimbabwe has published Issue 1 of its 2026 Capital Market Newsletter, setting out fourth-quarter 2025 market and supervisory data. The update shows the number of regulated entities and collective investment schemes rising to 229 from 225 in the prior quarter, while total funds under management increased 8.34% to ZWG 98.16 billion as of Dec. 31, 2025. It also reports that total market capitalization rose 29% quarter on quarter to USD 5.68 billion, even as activity on the Zimbabwe Stock Exchange remained subdued because of low market liquidity. Across the market, Zimbabwe Stock Exchange equities turnover fell 42.27% to ZWG 1.12 billion, while Victoria Falls Stock Exchange turnover rose 28% to USD 21.48 million and Financial Securities Exchange trades increased to ZWG 7.00 million from ZWG 5.22 million. In collective investment schemes, ZWG-denominated funds under management edged down to ZWG 1.65 billion from ZWG 1.67 billion, but USD-denominated funds rose 29.24% to USD 138.20 million. The number of active registered collective investment schemes stood at 50, and unit holders fell 17.55% to 65,712 following a reconciliation exercise by the Commission. The newsletter also records the voluntary delisting of National Tyre Service Limited. The supervisory data show pressure on intermediaries' earnings but generally strong capital positions. Aggregate earnings for securities dealing firms dropped 87.66% to ZWG 5.55 million, although 20 of 22 firms met the minimum capital requirement, with an average capital adequacy ratio of 5.14x against the 1.0x benchmark. Asset managers posted aggregate operating profit of ZWG 125.97 million, with 31 of 35 firms adequately capitalized and an average capital adequacy ratio of 6.53x. The Commission's quarterly off-site assessment rated the securities sector's overall money laundering, terrorist financing and proliferation financing risk as medium-low, with a residual risk score of 0.39, slightly improved from 0.40 in the previous quarter.
Securities & Exchange Commission of Zimbabwe2026-03-26
Securities & Exchange Commission of Zimbabwe publishes Q4 2025 market review showing 229 regulated entities and ZWG 98.16 billion in funds under management
The Securities & Exchange Commission of Zimbabwe's Q4 2025 market review shows regulated entities and collective investment schemes increasing to 229 and total funds under management rising 8.34% to ZWG 98.16 billion. Market capitalization increased to USD 5.68 billion, but Zimbabwe Stock Exchange equities turnover fell sharply to ZWG 1.12 billion. The Commission also reported generally adequate capital levels across intermediaries and rated overall sectoral ML/TF/PF risk as medium-low.