Today I have officiated at the Welcome Ceremony for the second cohort of applicants of the Victoria Falls International Financial Centre, VFIFC, where we awarded 38 new licences.
The VFIFC has now moved from a regulatory framework on paper to a functioning financial services ecosystem. The legal architecture under SIs 62 and 63 of 2026 is being actively implemented, with supervisory teams in banking, capital markets, insurance and fintech now fully operational.
We are seeing measurable results. The Victoria Falls Stock Exchange, repositioned as a VFIFC entity, has grown market capitalisation to over US$8 billion, with landmark listings in infrastructure and manufacturing attracting both domestic and international investors.
The 38 institutions licensed today join a growing community that has chosen to be part of what will be remembered as one of the most consequential institutional developments in Zimbabwe’s modern economic history. The awardees cut across securities dealers, asset managers, investment advisors, collective investment schemes, custodians, transfer secretaries, and fintech players including Zambezi Digital Exchange and Paysphere Financial Services.
Government’s commitment to the VFIFC is permanent. Under NDS2, we will continue to provide a stable and predictable policy environment, promote the Centre in all investment engagements, and refine regulations in response to participant experience to ensure we remain competitive.
The VFIFC has been designed to provide the trust that international capital demands: certainty of rules, impartial dispute resolution, and free repatriation of capital. It is the flagship expression of our commitment to building world-class institutions.
I welcome the second cohort and urge all participants to use this platform to convert institutional credibility into sustained Foreign Direct Investment. My door at the Treasury remains open for honest dialogue.
Citigroup sees Zimbabwe breaking with the past as a poster-child of triple-digit inflation and fiscal indiscipline, flagging an economic turnaround is underway https://t.co/gG4r6dB61o
The Zimbabwe Stock Exchange returned 68.5% in dollar terms year-to-date through July 31, 2026, overtaking Nigeria's 66.9% to become Africa's best-performing market, per African Markets data.
Annual inflation slowed to 3.2% in July from 95.8% a year earlier, aided by the 2024 gold-backed ZiG currency. Foreign participation on the ZSE rose to 26.5% in Q2 from 15.4%, with foreign trade value surging 153.9% to ZiG743.6 million ($27.7 million).
Positive momentum for Zimbabwe’s capital markets. 🇿🇼
VFEX targeting 25% growth in market value is a strong step towards deepening capital markets and unlocking new sources of investment.
#VFEX#Zimbabwe#CapitalMarkets
Zimbabwe’s dollar-denominated stock exchange plans to increase its market value by 25% over the next year as it rolls out new products, including a venture board to help junior mining and exploration companies raise capital https://t.co/sbh63UwNPz
Zimbabwe’s dollar-denominated stock exchange plans to increase its market value by 25% over the next year as it rolls out new products, including a venture board to help junior mining and exploration companies raise capital https://t.co/sbh63UwNPz