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Khayah’s board voluntarily placed the company under corporate rescue in accordance with the provisions of the Insolvency Act [Chapter 6:07], effective from December 30, 2024.
Justin Bgoni, chief executive officer at the ZSE, told businessdigest the ratio figure would reach between 20% and 25% during the period, placing the bourse
ZSE chief executive officer Justin Bgoni said the Victoria Falls International Financial Centre (VFIFC) could help address the limitations of the current capital markets.
The solution lies not in more regulation, but in consistent, market-driven policies that align Zimbabwe's financial sector with international best practice.
The company cited low liquidity and limited investor appetite on the foreign currency-denominated stock market as the major reasons behind the delisting.