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Wednesday, July 17, 2024

VFEX gets tenth counter

Story by Tichaona Kurewa

ZIMBABWE’s re-industrialisation drive continues on an upward trend, with the latest Victoria Falls Stock Exchange entrant, Axia Corporation Limited, set to commission a new bed manufacturing plant in Harare this month.

“We are proud to announce a landmark manufacturing project, the 10 a000-bed production facility in Sunway city, Harare to open this month. The facility is set to employ 135 people and can produce 10 000 beds per month. We believe the export potential into the region will be significant and aided by this listing,” said Axia Limited chairperson, Mr Luke Ngwerume.

VFEX said through the listing, the market will benefit from the diversity and value.

“The thrust of VFEX is to grow the capital markets, and we will achieve this through new listings and diversifying our products and services. We are committed to ensuring that the capital markets play a pivotal role in the economic prosperity of our country,” said Mrs Caroline Sandura.

The Government is excited by the phenomenal growth of the Victoria Falls-based bourse.

‘The more listings we are having on the Victoria Falls Stock Exchange, the more we are witnessing the growth trajectory of the Exchange. We are very delighted with this development,” said the Deputy Minister of Finance and Economic Development, Honourable Clemence Chiduwa.

The growth of the VFEX has surpassed expectations after the listing of the tenth counter this Friday within three years.

The bourse is now valued at more than US$1 billion.

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