VFEX rallies on USD liquidity gains

Pfuma was listed in February this year, becoming the second REIT on the Victoria Falls Stock Exchange after Eagle REIT, which was incorporated in May 2025.

THE Victoria Falls Stock Exchange (VFEX) extended its bull run in the nine months to September 30, 2025 driven by increased US dollar liquidity, record high gold prices and improved earnings from listed counters. The favourable market conditions have contributed to improved investor confidence and activity, resulting in augmented trading volumes. In its third quarter…

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