Finsec signs MOU with Harare Institute of Technology


HARARE – The Financial Securities Exchange signed a memorandum of understanding with the Harare Institute of Technology for the development of mutually beneficial projects and activities aimed at raising public awareness of the availability of capital raising and securities exchange facilities for enterprises in Zimbabwe.

Speaking at the signing ceremony this morning, HIT’s School of Business and Management Sciences Dean Willard Gwarimbo said the union provides a structured framework to bridge the gap between what is taught in the classroom and what is happening in the capital market

“This is exactly what we had in mind when we introduced the financial engineering degree at HIT. Our classrooms benefit from having access to practical securities issuance, trading and settlement while the market enjoys the advantage of latest trends in product development through the skills embedded in the students.”

The benefits of a partnership between the two organisations with FINSEC include:

  • Setting up, promoting and deploying educational material and facilities for local and diaspora retail investors, institutional investors and other capital markets participants interested in learning more about securities products and services;
  • Exposing Harare Institute of Technology students and staff to practical securities issuance, listing, trading and settlement experience through the services provided by the FINSEC;
  • Raising Public Awareness of the availability of capital raising and securities exchange facilities for Enterprises in Zimbabwe;
  • Proffer research in the modern capital markets dynamics;
  • To promote the use of local solutions in addressing the needs of local enterprises;
  • Access to the unique specialist knowledge and know-how of FINSEC’s internal expertise
  • World-class programmes combining academic rigour with real and practical relevance in today’s capital markets;
  • Networking opportunities for students with market practitioners and industry experts

HIT students played a key role in the pilot test that led to the introduction of C-TRADE

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