VFEX momentum to be sustained by more ZSE delistings in FY26

THE Victoria Falls Stock Exchange (VFEX)’s strong performance is expected to continue, driven by an ongoing migration of high-quality Zimbabwe Stock Exchange (ZSE) counters and firm global gold prices, market analysts say.

In April, the ZSE — once Zimbabwe’s primary exchange for 132 years — was overtaken by the rapidly expanding VFEX, just six years after its launch, as investors increasingly shifted to the US dollar-denominated bourse in search of value.

The shift was partly triggered by the delisting of Econet Wireless Zimbabwe from the ZSE,
followed by the listing of its infrastructure arm, Econet InfraCo, on the VFEX.

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