The ZiG has also been falling rapidly in recent weeks on the official market and last week it was pegged at 13.95.

A capital fund is a pool of financial resources set aside for specific purposes, usually for long-term investments, acquisitions, or infrastructure projects.

The drop is from a profit after tax of US$25,14 million earned in the comparative 2023 period.

Prior the VFEX listing, the firm will allot 84 615 385 Class A preferred shares to the placement agent to unlock capital for the Class A portfolio as and when required.

Finance minister Mthuli Ncube allocated ZiG4.3 trillion to the Ministry of Lands, Agriculture, Fisheries, Water, and Rural Development, which is about 5% of the total budget.

Ncube said in 2025 the economic growth would be accelerated by improved electricity generation and the recovery of the agriculture sector.