Browsing: Bank of Zimbabwe

Victoria Falls Stock Exchange

Zimbabwe’s newest stock exchange, The Victoria Falls Stock Exchange will open its doors to trading on Monday 26 October 2020. The VFEX will trade in foreign currency only. 

The exchange will be a wholly-owned subsidiary of the Zimbabwe Stock Exchange, with reports indicating that there are plans to bring in an equity partner.

The launch and official opening to be graced by Zimbabwe’s Minister of Finance and Economic Development, former AfDB Vice-President Professor Mthuli Ncube is set to take place this Friday.

The Zimbabwe Stock Exchange experienced a hiatus from trading as instructed by the Finance ministry in a crackdown on parallel market activity earlier this year. It was to open its floors a month later but in the absence of fungible counters. The Victoria Falls Stock Exchange is therefore expected to start off trading with the fungible counters that were suspended from trading on …