Zimbabwe – a tale of two African stock exchanges

Sign above a doorway, entrance to African stock exchange Victoria Falls Stock Exchange (VFEX)

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 […]

Presenting African stock exchanges and investment opportunities

Flyer for African Capital Markets Investment Conference (ACMIC) 2026 in London

There is an amazing line-up of speakers at the African Capital Markets Investment Conference (ACMIC) 2026 next week in London from 15 – 17 April. It brings together African stock exchanges, regulators, listed companies, market intermediaries, development finance institutions (DFIs), global institutional investors, UK and European capital market leaders and the African diaspora investors. The […]

African exchanges lead in USD returns

A graph showing stock exchange index returns

How far can the record-breaking bull run continue for Africa’s stock exchanges? Many African exchange indices were up remarkably over 2025, encouraging participation by local investors and leading to renewed interest by domestic companies to come to the market for initial public offerings (IPOs) and other capital raising. In addition, many African currencies climbed in […]

Zimbabwe Stock Exchange self-lists on 9 July

Mosi-oa-Tunya waterfall in Zimbabwe, water in dark rock canyon, Zimbabwe Stock Exchange listing shares,

The Zimbabwe Stock Exchange will list itself on the trading board on 9 July. The self-listing is of the holding company Zimbabwe Stock Exchange Holdings Limited (ZSEHL) is to be by introduction, meaning that the existing shares are listed and no new shares issued. The restructure of ZSE Limited (ZSE) was approved by directors last […]

African exchanges give soaraway returns to USD investors

figures showing the performance of leading African stock exchange indices, year to date.

Global investors have enjoyed top-notch returns by investing on many of the African stock exchanges over the first six months of 2025. Returns for investors who measure in USD have been many times higher on leading African stock exchange indices than returns on the US S&P 500 index and other developed markets indices. Local investors […]

Zimbabwe companies to demerge for growth

A top tea producer could be the prodigal son returning to the Zimbabwe Stock Exchange after 14 years, if shareholders in Meikles Limited give the scheme the go-ahead at a meeting on 18 November. The planned demerger of Meikles, Zimbabwe’s blue chip conglomerate including supermarkets and hotels, and Tanganda Tea which is diversifying into a […]

Zimbabwe exchange launches ZSE Direct trading

Thousands of Zimbabweans are using a digital trading platform ZSE Direct to buy and sell on the Zimbabwe Stock Exchange, and in the process boosting activity after foreign investors left. Monthly value traded on ZSE Direct has soared from $5m in January 2021 to $30m by August, according to news in The Chronicle. The online […]

Woes of Zimbabwe Stock Exchange

The value of trading on the Zimbabwe Stock Exchange fell 22% in the first quarter of 2015 (compared to 2014), the bourse has been hit by controversies and several delistings.

Zimbabwe Stock Exchange launches great investor relations (IR) drive

Congratulations to the Zimbabwe Stock Exchange on its excellent new website, including a very useful listed companies’ data terminal, including annual reports, charting, trading and other data. Good work by the ZSE team and Rob Stangroom at African Investor Relations.