Philemon Jambaya
Prominent property development company Westprop Holdings Limited was on Friday successfully listed on the Victoria Falls Stock Exchange (VFEX) at a glittering event held in Harare.
The company successfully migrated from being a private company to a publicly listed company in March.
“We encourage members the public , pension funds and investors to invest by buying shares and take up a stake in the company and join us in our journey of a billion bricks,” said Ken Sharpe the company’s Chief Executive Officer.
The company underwrites a minimum 7,5 % return per annum to an investment
VFEX is a small stock exchange headquartered in Victoria Falls.
It was established in 2020 as a subsidiary of the Zimbabwe Stock Exchange to operate in the Victoria Falls special economic zone.
The VFEX’s trading currency is in United States Dollars, allowing the exchange to shield investors from exchange control risk.
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