• The VFEX or Victoria Falls Stock Exchange is Zimbabwe's exclusively United States dollar only stock market which was launched 3 years ago.
• The Zimbabwe Stock Exchange or ZSE's main board has been shrinking because of companies migrating to the VFEX.
• Companies in Zimbabwe constantly experience a shortage of foreign exchange to support their increasingly import reliant businesses.

The number of companies that are delisting from the main board of the Zimbabwe Stock Exchange, often known as the ZSE, and moving their operations to the ZSE's hard currency equivalent, the Victoria Falls Stock Exchange (VFEX), has been growing. When the central bank eliminated the favorable foreign exchange retention levels that had been the primary draw of the VFEX, it is anticipated that the outflow from the ZSE will slow down in 2023. This comes after the central bank eliminated the foreign exchange retention thresholds.

Is Victoria Falls Stock Exchange capital market

• The continent spends over USD60 billion yearly on food imports that it could generate domestically.
• African countries have allocated large sums to agriculture, but according to experts, this is insufficient.
• As a result, countries are experiencing deficits even as governments continue to spend billions of dollars bolstering their military defenses, which fuels conflict, displacement, and hunger.

Today Africa is on the frontier of ushering in a new age of technology in its various economic sectors. As such, the continent needs to provide not only sufficient and sustainable energy but also one that has scalability, ensuring that each sector benefits from it. Thus, experts and innovators have turned to solar energy to power other vital economies while contributing to Africa's overall market potential.

Indeed the concept of Solar power energy has worked in Africa's favour over the past few decades. Unfortunately, renewable energy is still relatively new in Africa; thus, only a few benefit from its revolutionary concept. Here is a brief look at how solar energy powers and funds Africa's ecosystem.

Understanding Africa's Solar power potential

To understand any concept, we must first understand the context behind it.

The concept of solar energy is no new term in this digital era. The concept of Solar energy

• The country is considered East Africa’s strongest economy.
• It is among countries facing a huge challenge of illicit trade, estimated to be valued at above USD6.34 billion (Ksh800 billion).
• According to official government data, up to 70% of imported goods are counterfeits.

Kenya has a domestic market of over 50 million people and is among the leading economies in sub-Saharan Africa.

The country is considered East Africa’s strongest economy, with the region having a GDP of about USD163.4 billion (at purchasing power parity, about USD$473 billion), and the average GDP per capita is about USD941 (at purchasing power parity, $2,722).

In addition to the EAC market, investors in the partner States have access to other African markets such as COMESA, SADC and AfCFTA, as well as international markets through preferential trade arrangements.

The Common Market for Eastern and Southern Africa (COMESA) comprises 21 Member States with a population of 560…