Africa ETP News
you are currently viewing::Zimbabwe- a tale of two African stock exchangesJune 15, 2026-The Victoria Falls Stock Exchange (VFEX) is positioning itself as a gateway to international capital entering Zimbabwe and other southern African markets. Will it take liquidity away from parent company the Zimbabwe Stock Exchange (ZSE), or are the two bourses complementary? The VFEX was launched in 2020 as an "offshore" exchange where trading takes place in US dollars and other convertible currencies (the US dollar is legal tender in Zimbabwe and is used extensively). It is a 100% subsidiary of Zimbabwe Stock Exchange Holdings Limited, which itself is listed for trading on the Zimbabwe Stock Exchange (ZSE) and is also owner of the ZSE after a restructure in July 2025, as ACMN reported at the time. The ZSE has a 130-year history and traces its roots to an exchange which opened in Bulawayo in 1896. Trading on the ZSE is in Zimbabwe Gold (local abbreviation ZiG, international code ZWG) currency which was introduced as national currency in 2024. Source: africancapitalmarketsnews.com |
Africa's growth holds firm amid global turbulence, says 2026 African Economic Outlook
May 26, 2026-The continent recorded an estimated average GDP growth of 4.4 percent in 2025, with 22 economies posting rates above 5 percent.
In 2026, Africa is projected to grow at 4.2 percent, despite heightened geopolitical tensions and global supply shocks.
Central Africa is expected to see growth rising to 3.8 percent in 2026 from 3.6 percent in 2025, buoyed by sustained high oil prices
