‘VFEX should grow to be among the best in the world’

by | Dec 3, 2021 | Business | 0 comments


Pretty Manyewe

President Mnangagwa has challenged the Victoria Falls Stock Exchange to grow and be counted among the best bourses in the world.

The VFEX is a subsidiary of the Zimbabwe Stock Exchange (ZSE), operating from Victoria Falls and 100 percent owned by ZSE with plans to bring in a technical partner in the form of an international exchange or international fund manager.

In his speech, at the launching event this week President Mnangagwa said;

“The VFEX is expected to drive domestic and international investments which are a key requirement for the attainment of our vision of a prosperous and empowered upper middle income economy.”

President Mnangagwa said the VFEX has the ability to not only bring business opportunities but also help Pensioners in the long run.



“It is my expectation that VFEX will stand shoulder to shoulder with the world’s best in providing a window of investment, not just into Zimbabwe, but into the rest of Africa.

This also includes offering an opportunity for our pension funds to invest in foreign currency denominated securities, that way enhancing their ability to diversify currency risk and continue to grow sustainable value for the Pensioners whose assets they manage,” said President Mnangagwa.

The President reassured the citizens that because of everything the VFEX has to offer, his Government is committed to continue promoting the VFEX into an integral part of the global financial architecture.


“To date, my Government has put together a basket of incentives that will stimulate new listings, including the recent increase in export retention for issuer that choose to list on VFEX.

The incremental export incentive scheme put in place by the Reserve Bank of Zimbabwe seeks to boost production and productivity while accelerating the sustainable growth of export revenue and ultimately encourage listing and participation of firms on the VFEX,” President Mnangagwa said.