The Victoria Falls Stock Exchange (VFEX) has welcomed Pfuma Fund Real Estate Investment Trust (Pfuma REIT) as the second REIT to list on the exchange, effective February 6, 2026. This brings the total number of listings on VFEX to 18.
Pfuma REIT successfully raised USD25 million during its subscription period, achieving a 100% subscription level. The trust will trade under the symbol PFUMA.VX, with 471,351,750 units available for trading, commencing on February 9, 2026.
Chegutu property housing, Gain, and a service station
The Pfuma REIT portfolio includes properties in Zimbabwe, such as the Hogerty Hill mixed-use shopping complex in Hatcliffe, Harare, and a property in Chegutu. The USD20 million raised will be directed towards expanding the REIT’s property portfolio, including the development and construction of five properties in Kwekwe (Yellowstone), Chivhu, Eastlea, Harare (Cork Corner), and Ruwa (Silverbrook).
The listing is a testament to the government’s efforts to create a conducive business environment, led by President ED Mnangagwa’s administration. The National Development Strategy 2 (NDS2) objectives of promoting investment, innovation, and financial inclusion are being realized, as businesses thrive in Zimbabwe.
