{"id":15855,"date":"2026-11-12T12:46:49","date_gmt":"2026-11-12T12:46:49","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/12\/zimbabwe-targets-msci-index-listing-to-draw-foreign-capital-businessday-ng\/"},"modified":"2026-11-12T12:46:49","modified_gmt":"2026-11-12T12:46:49","slug":"zimbabwe-targets-msci-index-listing-to-draw-foreign-capital-businessday-ng","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/12\/zimbabwe-targets-msci-index-listing-to-draw-foreign-capital-businessday-ng\/","title":{"rendered":"Zimbabwe targets MSCI index listing to draw foreign capital – Businessday NG"},"content":{"rendered":"

Zimbabwe is seeking inclusion in a major global equity index for stocks listed on its US dollar-denominated Victoria Falls Stock Exchange (VFEX), as the country steps up efforts to attract foreign investors and increase trading activity in its capital market.\n<\/p>\n

Read also:\u00a0WORLD IN BRIEF: France blames Iran for supermarket hacks, Trump disputes midterm results, nine Zimbabweans arrested over Ukraine war recruitment and other stories<\/a>\n<\/p>\n

Justin Bgoni, chief executive officer of VFEX, said the exchange had written to global index provider MSCI several times to request consideration for inclusion in the MSCI Frontier Markets Index.\n<\/p>\n

Bgoni disclosed this in a phone interview from Bulawayo, Zimbabwe\u2019s second-largest city, according to a Bloomberg News report on Wednesday. He did not identify the securities proposed for inclusion, while MSCI had not responded to a request for comment at the time of reporting.\n<\/p>\n

The MSCI Frontier Markets Index tracks large and mid-sized companies across frontier economies. It currently has 246 constituents and covers about 85 percent of the free-float-adjusted market capitalisation in each country, according to MSCI.<\/p>\n

Read also:\u00a0Dangote Refinery IPO reaches Zimbabwe, as Nigerian Lawmakers extend 2025 budget for 4th time &amp; Investors avoid mining sector over insecurity<\/a>\n<\/p>\n

Inclusion could give Zimbabwean-listed companies greater visibility among international investors and potentially encourage more foreign capital into the country\u2019s equity market.\n<\/p>\n

Established in 2020, VFEX operates as Zimbabwe\u2019s only US dollar-denominated securities exchange, allowing investors to trade shares in a currency that offers an alternative to the volatility of the local currency.\n<\/p>\n

The exchange has grown rapidly in market value, overtaking Zimbabwe\u2019s main stock exchange in Harare this year. Its market capitalisation reached a reported $8.96 billion, reflecting growing investor interest in dollar-denominated securities.\n<\/p>\n

However, the increase in market value has not translated into equally strong trading activity. Daily turnover on the exchange remains relatively low at about $2.8 million, highlighting the challenge of attracting deeper participation and improving liquidity.<\/p>\n

Securing a place in the MSCI Frontier Markets Index could help address some of these challenges by placing VFEX-listed securities on the radar of international fund managers who use the index to assess and track frontier-market investments.\n<\/p>\n

Read also:\u00a0Zimbabwe\u2019s 750bps rate cuts in 2026 still leave borrowing costs highest in Africa<\/a>\n<\/p>\n

For Zimbabwe, the move forms part of a broader effort to strengthen its capital market, widen access to international financing and position the Victoria Falls exchange as a destination for foreign portfolio investment.<\/p>\n

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\n\t\t\t\t\t\t\tFaith Omoboye<\/a><\/strong><\/p>\n

Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

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Businessday NG<\/div>\n","protected":false},"excerpt":{"rendered":"

Zimbabwe is seeking inclusion in a major global equity index for stocks listed on its US dollar-denominated Victoria Falls Stock Exchange (VFEX), as the country steps up efforts to attract… <\/p>\n","protected":false},"author":1,"featured_media":15856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-15855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/15855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=15855"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/15855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/15856"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=15855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=15855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=15855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}