June 21, 2022
In a step towards operationalising the Zimbabwe Commodities Exchange Cabinet approved the shareholding structure for the Zimbabwe Commodities Exchange (ZMX) as follows: FINSEC 22.5%; TSL 22.5%; CBZ Bank 35% and Government represented by the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development 20%. ZMX will bring about an organised digital platform for participants to trade their commodities on the market with fair and transparent price discovery.
Aug. 18, 2021
Finance Minister launched #Zimbabwe’s Commodities exchange,(ZMX), which allows people to trade in at least 18 commodities, including options and futures contracts. ZMX will run a Warehouse Receipt System, allowing farmers or anyone to take their commodities to the ZMX warehouses and obtaining a recipt.
Dec. 11, 2020
Pilot programme and awareness campaigns for the soon coming commodities exchange are already underway with efforts intensify its operations by March 2021. Commodities exchange expected to be launched in March 2021.
Dec. 22, 2020
The Zimbabwean government launched the agricultural commodities exchange that will ensure farmers get market determined prices for their commodities. Zimbabwe previously had a commodity exchange which was closed when the government gave the monopoly to buy and sell maize and wheat to state grain procurer, the Grain Marketing Board (GMB) in 2001.
Nov. 19, 2020
Zimbabwe plans to stop fixing the prices of commodities and will set up a commodity exchange before the end of the year where market prices will prevail