Know your Stockbroker- EFE Securities (Pvt) Limited

By Tapiwa Bepe

A stockbroker  is a professional who buys and sells securities on behalf of clients at a Stock Exchange in return for a commission. In Zimbabwe, stockbrokers are licensed by the Securities and Exchange Commission of Zimbabwe (“SECZ”) and have to be admitted as members of an exchange. Stockbrokers are important market players who execute purchase and sale transactions on behalf of investors and also offer financial advice to investors. In the coming week’s we will be profiling some of the ZSE registered stockbrokers.

Meet your Stockbroker

Name: Coreen Vongai Madanha

Firm: EFE Securities (Pvt) Limited

Position: Head of Sales and Trading

Experience: Twelve  years in the Stock Broking sector and two years in asset management


Company Profile

EFE Securities is a stock broking company that was formed in 2003 and a member of the Zimbabwe Stock Exchange.

Service Offering

EFE Securities offers the following services;

Target Market

EFE has a  client portfolio that includes institutional fund managers, corporate, and high net worth investors both local and abroad, young college students, housewives, small scale businesses, trusts, clubs, and employees trying to save and preserve value. EFE Securities  is a one stop shop for all investors.

The set minimum investment

When Investors go directly to EFE Securities  to invest on the ZSE, the set minimum is ZWL$25,000 or 100 shares whichever is higher of the two. On the Victoria Falls Stock Exchange (“VFEX”) the minimum is USD100.


Contact Details

Physical Address: 26 Cork Road, Harare

Twitter: efesecurities

Facebook: EFE Securities


Tel: +263242-799132-5


Key Contacts

Edgeton Tsanga 0772277153

Coreen Madanha 0772144333

Brenda Mwaturura 0782785666

Solomon Sithole 0772165293

Information provided in this article is for educational purposes only.

For more information, visit, email [email protected], Tel: +263 24 2886830-5

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