The Victoria Falls Stock Exchange (VFEX) expects to attract four additional listings before year end, as growing investor interest continues to strengthen the US dollar-denominated capital market.
The exchange has steadily established itself as an attractive platform for both local and foreign issuers over the past three years, building momentum after a relatively slow start following its launch in 2020.
Three new securities have already listed on the bourse during the first half of 2026, namely Econet InfraCo, Pfuma Real Estate Investment Trust and the First Mutual Wealth Gold Exchange-Traded Fund. Exchange officials say several more listings are currently being prepared.
The positive outlook follows a strong market performance, with the VFEX posting a 67 percent gain since the beginning of the year.
Speaking at the Chamber of Mines of Zimbabwe annual conference last week, VFEX head of markets Robert Mubaiwa said interest from companies seeking to raise capital continues to grow.
“We had three new listings this year, and we are expecting four in this coming half. These are important milestones for us… and what we continue to see is the improvement in terms of the liquidity and the average number of trades that are done daily,” Mubaiwa said.
He said mining companies, particularly emerging operators and small-scale claim holders, have an opportunity to use the exchange’s venture capital board to access funding for expansion projects.
The venture board operates alongside the main market and provides companies with access to equity financing, debt instruments and project funding tailored to businesses at different stages of development.
“We believe the local market is still in a position to finance some aspects of some of your projects,” Mubaiwa said.
He added that companies raising capital on the exchange also benefit from fewer restrictions compared with some other funding channels.
“The capital that you raise on the market is not subject to any certain requirements,” he said, referring to domestic surrender obligations that apply in some instances.