Tanganda Tea Migrates to VFEX

Tanganda Tea Company has announced plans to migrate to the Victoria Falls Stock Exchange (VFEX) from the Zimbabwe Stock Exchange (ZSE).

The company issued a cautionary statement to that effect.

The VFEX listing will help the company raise capital in foreign currency using a variety of securities, such as debt, equity, ETFs, and REITs.

Shareholders can receive tax incentives.

The company will seek shareholder approval at an upcoming meeting.

The VFEX was established in 2020 and operates as a US dollar-denominated stock exchange and has emerged as an attractive platform for companies seeking enhanced trading opportunities.

John Tanyanyiwa

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