West Properties set to list on VFEX

Zim Now Writer

Property developer, WestProp Holdings Limited, continues to strengthen its tentacles in Zimbabwe after announcing plans to list on the Victoria Falls Stock Exchange later this month.

This follows the recent transformation of the company from a private to public company.

VFEX is a subsidiary of Zimbabwe Stock Exchange established two years ago, indexed in United States dollars.

Addressing the media in Harare on Monday, WestProp Holdings chairman, Michael Louis said the company has been given the nod to list two categories after meeting regulatory requirements.

The two categories are share capital and preference shares.

He added that the company’s listing on VFEX will provide benefits to its shareholders.

“This decision by the board is in line with the National Development Strategy of Zimbabwe to achieve an empowered upper-middle-income society by 2030 to chart a new transformative and inclusive development agenda,” said Louis.