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…
‘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.