KAVANGO Resources PLC has officially listed on the Victoria Falls Stock Exchange (VFEX), becoming the bourse’s 17th listing, a move that signals growing international confidence in Zimbabwe’s economic reforms and mineral potential.
The listing ceremony, held here in Victoria Falls on Friday, was a testament to the event’s national importance, with the Minister of Mines and Mining Development, Winston Chitando, presiding as the guest of honour.
He was joined by a high-level delegation including the Matabeleland North Minister of State for Provincial Affairs and Devolution, Richard Moyo, the Deputy Minister of Finance, Economic Development and Investment Promotion, David Mnangagwa, and the Reserve Bank of Zimbabwe Deputy Governor, Mr Innocent Matshe.
The listing marked a key moment for Zimbabwe’s capital markets and its mining sector, positioning the country as a serious destination for exploration capital.
Kavango, which maintains its primary listing on the London Stock Exchange (LSE: KAV), undertook the secondary listing as a strategic commitment to its operations in Zimbabwe.
Speaking to the delegates who witnessed the listing, Minister Chitando desribed the listing as a critical step in the journey from geological potential to national prosperity.
“Let us remember: Every mine starts as an idea. A target. A geochemical anomaly. A magnetic signature on a geophysical survey. A few metres of promising core. From those beginnings, fortunes are built — for shareholders, for workers, and for nations,” he said.
He directly linked the mining sector’s growth to the nation’s broader economic ambitions.
“Let us remember also, the development of an economy starts with a vision, the Upper-Middle Income target started with a vision and the Mining Sector is playing its part in the attainment of this vision,” he said.
The listing was hailed as a milestone for the young exchange.
Group Chairman of ZSE Holdings, Mrs Caroline Sandura, described it as a celebration of confidence, growth and the positive journey towards making VFEX a hub of opportunity for Zimbabwe, Africa and beyond.
“Kavango’s arrival brings new opportunities for investors and a new chapter in the journey of building a modern financial marketplace,” she said.
For Kavango, the decision to list locally is rooted in a long-term vision for its operations in Zimbabwe.
“Kavango is committed to Zimbabwe for the long term. We recognise that our responsibilities extend well beyond exploration and mining — they include building lasting, positive change wherever we operate. Our decision to list on the VFEX is a vote of confidence in Zimbabwe, in its people, and in the future of its mining industry,” Chief Executive Officer, Mr Ben Turney. – Herald
