Zimbabwe Stock Exchange Holdings to List on ZSE Main Board July 9

AFRICAN STOCKS AND FINANCEJune 30, 2025 at 12:23 PM UTC

TLDR

Zimbabwe Stock Exchange Holdings Limited (ZSEHL) will debut on the Zimbabwe Stock Exchange (ZSE) main board on July 9, 2025
The move follows shareholder approval of a corporate restructuring scheme in October 2024 and final regulatory clearance from the Securities and Exchange Commission
The listing will involve the entire issued share capital of ZSEHL, which now controls ZSE Limited and the Victoria Falls Stock Exchange (VFEX) as wholly owned subsidiaries

Zimbabwe Stock Exchange Holdings Limited (ZSEHL) will debut on the Zimbabwe Stock Exchange (ZSE) main board on July 9, 2025, through a listing by introduction. The move follows shareholder approval of a corporate restructuring scheme in October 2024 and final regulatory clearance from the Securities and Exchange Commission of Zimbabwe on June 9, 2025.

The listing will involve the entire issued share capital of ZSEHL, which now controls ZSE Limited and the Victoria Falls Stock Exchange (VFEX) as wholly owned subsidiaries. The restructuring aims to modernise the group’s corporate structure, strengthen governance, and boost access to capital for future expansion.

ZSEHL’s listing is part of a broader strategy to improve corporate transparency, expand funding options, and unlock shareholder value in a difficult economic environment. The company has seen declining revenue and a 98% drop in profit after tax in 2024, reporting ZiG1.05 million, down from ZiG147.58 million in the prior year. Liquidity also weakened, with coverage of short-term debt slipping to 1.59x.

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Key Takeaways

Despite challenges, ZSEHL remains solvent and aims to raise capital through its listing to fund technology upgrades, product development, and operational improvements. By listing the holding company—while maintaining ZSE and VFEX as subsidiaries—the exchange aligns itself with international governance practices observed at exchanges globally. ZSEHL’s top shareholders include the Government of Zimbabwe (32%), FBC Securities (10.26%), and IH Securities (8.79%). The listing will subject the company to public disclosure and reporting standards, increasing transparency and potentially attracting wider investor interest. The ZSE, one of Africa’s oldest stock exchanges, is repositioning itself as a multi-asset capital-raising platform amid a volatile macroeconomic environment. The listing of ZSEHL reinforces its long-term vision to operate independently, attract diverse investments, and modernise Zimbabwe’s capital markets.

Finance

ZSE

Zimbabwe Stock Exchange Holdings

Zimbabwe Stock Exchange

Stock Market