Econet InfraCo has made a groundbreaking entry on the Victoria Falls Stock Exchange (VFEX) with a US$1 billion listing, marking a significant milestone for Zimbabwe’s capital markets. This inaugural listing is the largest initial listing in the country’s history, showcasing the nation’s growing appeal to investors.
VFEX chairperson Florence Jambwa highlighted the listing’s importance, stating it diversifies the exchange’s product offerings and deepens the market. “Infrastructure introduces a new dimension to the Exchange, complementing our existing listings and strengthening our appeal to a broader spectrum of investors,” Jambwa said.
Finance Minister Mthuli Ncube emphasized that the listing reinforces Zimbabwe’s credentials as an investment destination. “Today’s listing demonstrates to the world that Zimbabwe is open for business and our regulatory frameworks are strong,” Ncube said, commending the team behind VFEX’s growth.
This landmark listing is expected to boost VFEX’s stature, attract regional and international investments, and solidify Zimbabwe’s position as a viable investment hub.
