The VFEX was launched last year with the aim of creating a regional capital offshore center trading in foreign currency.
Since then, the VFEX has only had one listing,
However, the listing of
"NOTICE is hereby given that
Similarly,
"Caledonia announces it is commencing the process of pursuing a listing of depositary receipts representing the company's shares on the VFEX in
"Such a listing would be conditional upon market conditions and the implementation of positive proposals made by the
The mining firm is targeting to raise
The development is expected to make way for other companies to follow as the project is gradually getting investor by-in.
Government has been marketing the bourse in a series of virtual global roadshows since April this year.
"If you see big companies like these expressing interests in the VFEX it's an indicator on the confidence that is brewing in the market regarding the stock market," said economic analyst, Pepukai Chivore.
"It's a huge confidence booster and more so for foreign investors who have had reservations about the ZSE which has been having challenges to repatriate dividends, so the VFEX comes as a very good alternative," he added.
Despite this, the ZSE remains one of the best performing stock exchanges in the region according to research house, Africa Markets which states that in 2020 the ZSE All Share Index had a lift-off year up, 1,045.8 percent for investors in
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