‘Promote dual listings to curb ZSE exits’

According to African Economic Development Strategies (AEDS) executive director, Gift Muga­no, allowing companies to abandon the ZSE in fa­vour of the VFEX was undermining the country’s primary capital market, one of the oldest on the African continent.

AUTHORITIES should promote dual list­ings to stem the migration of companies from the Zimbabwe Stock Exchange (ZSE) to the US dollar-denominated Victoria Falls Stock Exchange (VFEX), a local think tank has said. The call comes amid growing concerns over the shrinking relevance of the ZSE, which has lost more than a dozen counters to the…

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