VFEX poised for increased activity

FBC Securities says the Victoria Falls Stock Exchange (VFEX) is set for increased activity in 2023 buoyed by a growing number of listings.
The US dollar-denominated market launched in 2020 as part of efforts to attract global capital, restore foreign investor confidence in Zimbabwe’s capital markets and assist companies raise foreign currency capital, saw an increased appetite from investors last year as they began to enjoy the benefits of the bourse.
The VFEX platform offers several incentives, including tax exemptions on capital gains and the ability to repatriate funds, which has been challenging in previous years.

Investors participating on the VFEX benefit from the ability to move capital and dividends freely, low transaction costs, tax incentives and minimal currency risks.
In its 2023 economic outlook report, FBC Securities said it anticipates more listings on the VFEX i