Zimbabwe: Tanganda ‘Reverses’ Full-Scale VFEX Listing Decision

LISTED horticulture concern, Tanganda Tea Company (TTC) has rescinded the decision to migrate its stocks to the Victoria Falls Exchange (VFEX), instead opting to pursue a special listing on the US$-only denominated stocks market.

Last month, Tanganda board of directors announced plans to hold discussions aimed at relocating the company’s listing to capitalise on VFEX’s stable currency environment and incentives, reflecting a growing trend among Zimbabwean firms.

The firm, which rejoined the ZSE on…