The Zimbabwe Stock Exchange (ZSE) could this year register three initial public offering listings on the back of renewed confidence by investors.                      

Initial public offerings on the ZSE have been hard to come by due to perceived negative investor sentiment.                         

However, with foreign investors bouncing back, it has emerged three companies have submitted application to float initial public offers to investors paving way for listing on the market.                        

ZSE acting chief executive Mr Martin Matanda confirmed the latest developments.       

The local stock market is in need of increased investors to increase the value of shares for domestic and foreign investors.