Firms, individuals get accolades in inaugural Capital Markets Awards

Enacy Mapakame

Listed companies and other stakeholders in the capital markets sector, walked away with accolades in the inaugural Annual Capital Markets Awards hosted by Business Weekly in conjunction with London based Financial Markets Indaba (FMI) in Harare on Wednesday.

The awards are a landmark recognition programme to benchmark institutional achievement and performance in the markets and exchanges landscape of Zimbabwe’s Financial Services Sector.

The prestigious awards, recognised excellence in those institutions and individuals that have demonstrated a superior business strategy based on strong underlying fundamentals, highlighting emerging best practices in establishing robust market structures and identify challenges in executing sound operational processes that market participants can both learn and benefit from.

The awards were unique and became the only awards to recognise achievements in all the main segments of the capital markets through a poll of market participants.

The adjudication team was drawn from businesspeople, some in the accounting field with impeccable experience integrity spanning into decades.

FMI managing director, Patrick Muzondo, said awards which were a success were dedicated to transparency and fairness evidenced through the scorecards that were published on the website and on different social media platforms for all award categories.

“The Capital Markets Awards were a great success. The awards programme was endorsed by both the Securities and Exchange Commission of Zimbabwe and the Zimbabwe Stock Exchange. 

“The winners were determined following an exhaustive evaluation of submissions along with on-site research and screening conducted by our research team Emergent Capital Management.

“All the winners were well deserved nominees in recognition for their excellence and performance in the capital markets landscape of Zimbabwe’s financial sector,” he said.

In his introductory remarks, Business Weekly Editor, Hebert Zharare, said the publication was working with its partners and wanted to make the awards an annual event.

“It is our hope as a national business publication and our partner to make this an annual event, where we recognise those dedicated to make an indelible mark in the capital markets in Zimbabwe. To all the participants here present, it is my sincere hope that this is the genesis of a cordial working relationship, first as associations and second as individual firms so that together we will help Zimbabweans create wealth for today and future generations,” he said.

The event was attended by captains of the sector including Zimbabwe Stock Exchange chief executive officer Mr Justin Bgoni, Securities and Exchange Commission of Zimbabwe (regulator) chief executive officer Tafadzwa Chinamo, moderator who is also investment manager for DBF Capital Ms Linda Tsarwe and James Chitupa of Natural Resources and Trade Finance, BakerTilly Central Africa among others.

The awards categories and winners were as follows:

Best Performing Listed Company of the Year- Zimplow Holdings 

Corporate Governance Award – Econet Wireless Zimbabwe 

Best Performing Asset Manager – Old Mutual

Best M&A Transaction of the Year – Delta Corporation Limited

Best Equities Fund Manager – Zimnat

Diversity Champion Award – Innscor Africa Limited

Best Investment Advisory Service – IH Securities

Best Investor Communication Award – Delta Corporation

Best Technology Implementation in Capital Markets – C-Trade

Best Innovative Stock Broker of the Year – Morgan & Co Pvt.Ltd

Best Investment Research Provider – IH Securities

Best Real Estate Fund – Old Mutual Asset Management

Best Stockbroker of the Year – Lynton-Edwards Stockbrokers

Best Pension Fund Performance– ZB Financial Holdings

Best Capital Markets Advocacy Award – People’s Choice – Kudzai Mubaiwa

Capital Markets Advocacy Award – Diaspora – Sithule Tshuma (Qoki)

Lifetime Achievement Award

           •         Mark Tunmer (Posthumous), Imara Capital Zimbabwe

           •         Collen Tapfumaneyi, CEO, Escrow Group

           •         Campbell Musiwa, CEO, Chengetedzai Depository Company