The Victoria Falls Stock Exchange (VFEX) is flexing its with three fresh listings, transforming the special economic zone into a magnet for hard-currency hunters.
Launched in 2020 as a Zimbabwe Stock Exchange subsidiary, the VFEX trades exclusively in US dollars, a golden ticket for investors weary of exchange control risks and local currency turbulence.
And that strategy is now delivering results, officials sad
“The growth has been remarkable,” said Justin Bgoni, group chief executive of Zimbabwe Stock Exchange (ZSE) Holdings, who also leads the exchange.
“To date, we have witnessed three listings, PFUMA REIT, Econet InfraCo, and the First Mutual Gold ETF, which have increased our product diversity and deepened the market breadth.”
The March 2026 listing of Econet InfraCo at a staggering $1 billion valuation sent shockwaves through the market, signaling that VFEX is no longer a fringe player but a serious capital-raising powerhouse.
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Bgoni also revealed that VFEX has been officially recognised as a participant in the Victoria Falls International Financial Centre (VFIFC), a game-changing status that aligns the bourse with international benchmarks.
“This has significantly assisted in attracting both regional and international investors,” he said.
Bgoni announced plans to launch a Venture Board this year, in partnership with key stakeholders, designed specifically for junior miners and exploration-stage companies in the natural resources sector.
“We are confident in the strong pipeline we have for VFEX, and we anticipate the growth witnessed to date to keep increasing till year-end,” he said.
As of June 2026, 15 equities and specialised securities are actively trading on the dollar-denominated bourse, including Axia Corporation, Bindura Nickel, Caledonia Mining, Edgars Stores, and First Capital Bank.
While the main ZSE trades in the local Zimbabwe Gold (ZiG) currency, the VFEX’s all-dollar platform continues to lure investors craving stability—making it the crown jewel of Zimbabwe’s financial reinvention.