HomeAfricaZimbabweOld Mutual Resumes Trading...

Old Mutual Resumes Trading on Victoria Falls Stock Exchange After Six Years

By Africazine

Old Mutual Limited has officially resumed trading on the Victoria Falls Stock Exchange, marking a significant milestone for Zimbabwe’s financial landscape.

This move ends a six-year suspension of its shares on the local bourse, with Old Mutual becoming the 21st listed counter on the US dollar-denominated exchange. Market participants view this as a strong endorsement of Zimbabwe’s financial architecture.

Old Mutual’s Return Boosts Victoria Falls Stock Exchange

The resumption of trading for Old Mutual Limited is a pivotal moment for the Victoria Falls Stock Exchange (VFEX). This exchange was established to enhance the International Financial Services Centre under the Victoria Falls special economic zone. The listing ceremony highlighted the collaborative efforts between Old Mutual and the Government of Zimbabwe to facilitate this transition.

Old Mutual’s migration to the VFEX is seen as a response to the need for a viable alternative trading platform to the Zimbabwe Stock Exchange (ZSE). The company’s chief executive emphasized the importance of this move for both the company and the nation, reflecting a deep connection with Zimbabwe’s growth and transformation.

Zimbabwe: Key figures on Stock Exchange Performance

  • ZiG1,126 million daily turnover on the ZSE
  • 479.41 ZSE All Share Index
  • 486.18 ZSE Top 10 Index
  • 497.08 ZSE Top 15 Index
  • 480.30 Medium Cap Index
  • 100.11 Small Cap Index
  • 147.11 Minings Index
  • ZiG355,426 total turnover on the VFEX
  • 265.96 VFEX All Share Index

Market Reactions and Future Outlook

The market reacted positively to Old Mutual’s return, with several indices on the ZSE finishing higher. However, the ZSE Top 10 Index experienced a slight dip. The VFEX All Share Index also saw gains, driven by key players like Econet InfraCo and Padenga.

Looking ahead, stakeholders are optimistic about the VFEX’s role in enhancing Zimbabwe’s capital markets. The Finance Minister noted that this listing is a testament to the collective efforts of various market participants in building a transparent and efficient capital market.

Next Steps for Zimbabwe’s Financial Markets

  • Continued engagement between Old Mutual and regulators
  • Monitoring of market performance on the VFEX
  • Potential for more listings on the VFEX

Old Mutual's return to trading underscores a renewed confidence in Zimbabwe's financial markets.

- A word from our sponsors -

Most Popular

Previous article
Eskom to Boost Procurement for South African Businesses Amid Rising Demand
Next article
Five Key Financial Questions to Enhance Your Financial Wellbeing

More from Author

Egypt

Giza Zoo Participates in Global Summit After 30-Year Absence

Giza Zoo has returned to the global stage after 30 years, participating in the World Association of Zoos and Aquariums conference, marking a significant step in its redevelopment and commitment to international wildlife conservation standards.
Africazine -
Mauritius

Mauritius Coffee Plantation to Showcase Unique Beans at China Expo

Mauritius will debut its unique coffee at the China International Import Expo, showcasing Arabica and Liberica beans from the Chamarel Coffee plantation, aiming to connect with Chinese importers and expand its market presence.
Africazine -
South Africa

INMED South Africa Enhances Community Wellbeing Through Food Security Initiatives

INMED South Africa is enhancing community wellbeing and self-reliance through innovative solutions like aquaponics and climate-smart agriculture, focusing on food security, health, and skills development in collaboration with local partners.
Africazine -
Guinea

Siguiri Region Officials Suspended in Major Administrative Overhaul

Guinea's Siguiri region is undergoing a major administrative overhaul, with Minister Djénabou Touré suspending twenty-two local officials, including the Prefect, to enhance governance efficiency and accountability. New leadership will focus on restoring public trust and effective resource management.
Africazine -

- A word from our sponsors -

spot_img

Read Now

Giza Zoo Participates in Global Summit After 30-Year Absence

Giza Zoo has returned to the global stage after 30 years, participating in the World Association of Zoos and Aquariums conference, marking a significant step in its redevelopment and commitment to international wildlife conservation standards.

Mauritius Coffee Plantation to Showcase Unique Beans at China Expo

Mauritius will debut its unique coffee at the China International Import Expo, showcasing Arabica and Liberica beans from the Chamarel Coffee plantation, aiming to connect with Chinese importers and expand its market presence.

INMED South Africa Enhances Community Wellbeing Through Food Security Initiatives

INMED South Africa is enhancing community wellbeing and self-reliance through innovative solutions like aquaponics and climate-smart agriculture, focusing on food security, health, and skills development in collaboration with local partners.

Siguiri Region Officials Suspended in Major Administrative Overhaul

Guinea's Siguiri region is undergoing a major administrative overhaul, with Minister Djénabou Touré suspending twenty-two local officials, including the Prefect, to enhance governance efficiency and accountability. New leadership will focus on restoring public trust and effective resource management.

Madame Dikhaby Appointed President of Port Autonome de Conakry Board

Guinea's Port Autonome de Conakry will undergo a strategic overhaul under new President Madame Dikhaby, focusing on enhancing operational efficiency, attracting investment, and optimizing performance to boost maritime trade and support national development.

Dakar Port Launches Digital Ticketing to Modernize Services and Accessibility

The Port autonome de Dakar has launched a digital ticketing solution for the Dakar-Gorée link, aiming to modernize services and improve accessibility for residents and visitors, with plans for further digital integration across port operations.

Forsa Launches Campaign to Prepare Consumers for Black Friday Shopping

Forsa has launched the "Forsa in Time" campaign to prepare Egyptian consumers for Black Friday, encouraging early app activation for exclusive installment plans and promotions to help shoppers manage costs and make informed purchasing decisions.

Sidibé Defends Earnings as Authorized in Court Testimony

Mandian Sidibé disclosed his monthly salary of 75 million Guinean Francs and a fuel allowance of 30 million Guinean Francs during court testimony, asserting that these payments were approved by the agency's board amid ongoing legal scrutiny over financial misconduct.

Fuel prices set to drop for South African motorists in November 2026

South Africa will see fuel prices decrease in November 2026, marking the first reduction since July, with petrol prices dropping by up to 49 cents per litre and diesel by R1.68, due to cuts in the fuel levy.

African Leaders Urge Swift Ratification of Medicines Agency Treaty

The inaugural African Medicines Agency Week in Kigali highlighted the need for all African Union Member States to ratify the AMA Treaty, with 33 of 55 nations currently committed, to strengthen health security across the continent.

Sheikh Mohammed invites Saudi Crown Prince to UN Water Conference 2026

Sheikh Mohammed bin Rashid Al Maktoum has invited Saudi Crown Prince Mohammed bin Salman to the UN Water Conference 2026, co-hosted by the UAE and Senegal in Abu Dhabi from December 8-10, focusing on global water sustainability.

Sweden Offers Technology Solutions to Modernize Vietnam’s Ports and Infrastructure

Sweden aims to modernize Vietnam's port infrastructure through advanced technology, with discussions highlighting the need for integrated energy and communication systems, as showcased by Swedish companies at the Autumn Economic Forum in Ho Chi Minh City.