Page 9 - Padenga News Today

The Victoria Falls Stock Exchange (VFEX) continues to evolve on the back of increased interest from both foreign and local companies seeking to raise US dollar capital and take advantage of offshore settlement options, which allow investors to easily repatriate their dividends. VFEX, was established to kick-start the Offshore Financial Services Centre (OFSC) earmarked for…

NatFoods will join Padenga Holdings Limited, SeedCO International Limited, Caledonia Mining Corporation and Bindura Nickel Corporation on the forex-indexed bourse.

VFEX, which trades exclusively in US dollars, was well-placed to help Simbisa execute its African forays, while improving the liquidity of its stocks.

Nedbank is a unit of the Johannesburg Securities Exchange-listed Nedbank Group, whose footprint spans across southern Africa.

FINANCIAL services outfit, Nedbank Zimbabwe said on Friday it planned to list on the Victoria Falls Stock Exchange (VFEX) on November 18, becoming the first lender to trade its stock at the waterfall since the bourse opened two years ago. VFEX, which trades exclusively in foreign currency, recently attracted an upsurge in investor interest after…

The Victoria Falls Stock Exchange (VFEX) market capitalisation for Q3 2022 closed at $341mn, a 25% increase from the previous quarter, the bourse said in its latest newsletter. The growth also represents a 76% increase year on year. The US dollar-denominated VFEX, a subsidiary of the Zimbabwe Stock Exchange, set up in October 2020 to serve…

FAST-food service group Simbisa Brands Limited is set to be the fifth giant business to list on the Victoria Falls Stock Exchange (VFEX) after announcing its intention to delist from the Zimbabwe Stock Exchange (ZSE). The USD-denominated VFEX is a subsidiary of the ZSE launched in 2020 as an off-shore biased financial services centre as…

NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything you’ve come to expect and love.

AvantiS Technologies, a Zimbabwean start-up technology firm, is set to become the fifth company to list its shares on the Victoria Fall Stock Exchange (VFEX)

NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything you’ve come to expect and love.