Foreign companies keen to list on VFEX

by | Apr 19, 2024 | Business, International, Local News, Politics | 0 comments

Foreign companies keen to list on VFEX

Business Reporter

FOREIGN companies have expressed interest in listing on the fast-growing Victoria Falls Stock Exchange (VFEX) amid plans to launch the Contract for Differences (CFD) trading and the Minerals and Commodities Exchange next month as the trading platform expands.

The CFD launch is a culmination of partnership between VFEX, a subsidiary of the Zimbabwe Stock Exchange (ZSE) and the Dubai Gold and Commodities Exchange (DGCX), the region’s leading derivatives exchange.

The two signed a Memorandum of Understanding to strengthen bilateral co-operation, as well as exchange knowledge around commodities trading.

As part of the agreement the DGCX was expected to extend technical support, knowledge and skills to VFEX with the aim of establishing an international commodities exchange in Zimbabwe.

ZSE chief executive Mr Justin Bgoni said the VFEX would launch the CFD early next month to enhance protection of investors’ money given the background of loss of savings in the past.