FINANCE Minister Mthuli Ncube on Friday launched the Contract for Differecnes (CFDs) at the Victoria Falls Stock Exchange to mark the operationalisation of the Offshore Financial Services Centre, which would be a catalyst for foreign direct investment.
The move is part of efforts to attract global capital and restore foreign investor confidence in Zimbabwe’s capital markets while helping companies raise capital in foreign currency.
A CFD is a financial contract that pays the differences in the settlement price between the open and closing trades. CFDs essentially allow investors to trade the direction of securities over the very short-term.