Old Mutual Shares Resume Trading on Zimbabwe’s VFEX

In Short

Old Mutual is back on Zimbabwe’s Victoria Falls Stock Exchange, or VFEX.

What Happened

Old Mutual shares resumed trading in Zimbabwe on the Victoria Falls Stock Exchange on 2026-08-13, returning to the market after six years.

VFEX is a dollar-denominated exchange, which means stocks are priced and traded in US dollars instead of local currency. That can help reduce currency risk for investors and listed companies.

On its first day back, Old Mutual’s shares gained 2.9%.

Why It Matters

For Zimbabwe’s capital markets, a high-profile counter returning to VFEX can help with liquidity, which is the ease of buying and selling without moving the price too much. More liquidity usually attracts more investors, especially institutions that need dependable trading volumes.

For Old Mutual, a VFEX presence can be a way to stay accessible to local and regional investors while using a market structure tied to the US dollar. That matters in economies where exchange rates and local currency pricing can be volatile.

More broadly, the move keeps attention on how African companies choose where to list and trade. In markets with multiple exchanges, issuers often weigh currency stability, investor demand, and the ability to raise capital over time.