Browsing: African stock markets

Victoria Falls Stock Exchange launches an online trading platform, VFEX Direct. www.theexchange.africa

Victoria Falls Stock Exchange launches online trading platform, VFEX Direct

Investing

Since the launch of VFEX in 2020, trading has mainly been dominated by institutional investors, and from the feedback received, retail investors would also like to participate in the VFEX. In the press release, VFEX CEO Justin Bgoni said VFEX Direct was mainly developed with retail investors in mind.

VFEX Direct will be accessible through the web portal and mobile application (Google Play Store and Apple App Store).

Investors wishing to participate through VFEX Direct will be required to hold an FCA (Nostro) account with any Zimbabwean bank.…

Fintech revolution in Africa

The Fintech Revolution in Africa’s FX Markets

Tech & Business

With over 548 million registered mobile money users in sub-Saharan Africa, increased internet access and readily available mobile money solutions, the FX market has become accessible to the majority of Africans. 

The availability of mobile money payment solutions has seen an increase in the creation of fintech startups created solely to cater to Africans interested in trying their hand at trading in both local and international FX markets. 

Firms including Exness, XM.com, Avatrade, CM Trading, Tickmill and Chipper Cash among others all reported a significant growth in trading in 2020. A testament to the growing trading culture driven by fintech across the continent.…

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