Dubbed pan-African bourse, VFEX seeks to raise capital and drive foreign direct inflows into the Zimbabwean economy.
The bourse also allows listed companies to raise and trade their stocks in any convertible hard currency, limiting the exchange risk. But since the bourse was launched in October this year, only SeedCo International has listed.
ZSE chief executive officer Justin Bgoni, however, said they were expecting more entities to list beginning next year as listings take “any time between six months and two years”.
“VFEX was launched on October 23, 2020 and is less than two months old. We actually celebrate having secured a listing within such a short period of time ordinarily listings take any time between six months and two years,” he told NewsDay Business.
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SeedCo International projects US$4,8m profit
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