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Z$ stock exchange jumps in value

The VFEX was established in 2020 to spearhead the development of the international financial services centre in Zimbabwe and is operating in a special economic zone in Victoria Falls.

THE combined value of companies traded on Zimbabwe’s alternative, dollar-only stock market has soared 75 percent this year as investors take shelter from the rapid depreciation of the local currency. The market capitalisation of the Victoria Falls Exchange (VFEX) has climbed to almost US$1 billion, according to FBC Securities, a brokerage based in the capital,…

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