Untu Capital’s U-gain is now listed on the Financial Securities Exchange
Untu Capital’s U-gain note has been successfully listed on the Financial Securities Exchange.
It has become the third third income instrument to be listed on the local securities market.
As part of financial services inclusion the note, U-gain became the first retail based note ever in Zimbabwe when introduced onto the market two months ago.
The success is incredible in that it means that Untu becomes the first company to raise money on a recognised stock exchange by floating a bond where investors can subscribe by using mobile and online gadgets and paying using mobile wallets.
Untu Capital Chief Executive Officer Clive Msipha was joined at an event at Harare’s Meikles Hotel by Executive Director of Zimbabwe Association of Micro-finance Institutions (ZAMFI), Godfrey Chitambo, Securities and Exchange Commission of Zimbabwe (SECZim) Chief Executive Officer, Tafadzwa Chinamo to announce the successful listing.