“The trigger is the success of the VFEX,” Finance Minister Mthuli Ncube said in an interview, a reference to the US dollar-denominated Victoria Falls Stock Exchange that’s attracting listings. “We want to compete with any offshore financial center in the world.”
Marc Holtzman, a US veteran banker with 35 years experience in emerging markets, has been appointed board chairman of the center. He is also chairman of CBZ Holdings Ltd., Zimbabwe’s biggest lender.Holtzman will have his job cut out for him as the nation has been locked out of international capital markets since defaulting on payments to the World Bank, the International Monetary Fund and other multilateral lenders more than two decades ago. It owes more than $13 billion to creditors.
“Two more companies are coming and two more are seeking approval,” Justin Bgoni, the chief executive officer at VFEX, said Monday by text message.
Money laundering loading?
🤣🤣🤣🤣
how are they going to work around that since well the are economically sanctions by the soo called power county 🤔 ?
Then exproriate it without compensation when it becomes successful. Doos dom.