BridgeFort Capital plans to list on Zimbabwe's VFEX to reduce local currency exposure amid rapid inflation and currency devaluation.
BridgeFort Capital plans to list on Zimbabwe's foreign-currency-only Victoria Falls Stock Exchange (VFEX) and reduce local currency exposure on net monetary assets to strengthen its balance sheet. The move is due to rapid inflation and local currency devaluation, making it an unfavorable store of value. The company will also focus on working with investee company management teams to develop strategies and pursue growth opportunities.
June 11, 2024
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