Invictus Energy’s VFEX Listing Boosts Zimbabwe’s Energy Security and Economic Growth
Written by Staff Reporter on August 3, 2024
In a significant move towards achieving energy security and economic prosperity, Invictus Energy Limited’s Zimbabwe Depository Receipts (ZDRs) were listed on the Victoria Falls Stock Exchange (VFEX) yesterday.
The listing ceremony, held in Victoria Falls, was attended by Finance and Economic Development Minister, Professor Mthuli Ncube, who hailed the occasion as a major milestone in the country’s journey towards sustainable development and realization of Vision 2030.
Delivering his keynote speech, Finance and Economic Development Minister, Professor Mthuli Ncube revealed that the listing of Invictus Energy’s Zimbabwe Depository Receipts (ZDRs) represents a strategic move
He further emphasized that the listing is expected to enhance energy security, reduce reliance on gas imports, and strengthen the Victoria Falls Stock Exchange.
Invictus Energy’s vision to harness Zimbabwe’s natural resources has led to the discovery of gas in the Muzarabani district, a significant find that is expected to drive economic growth. The listing of the ZDRs is seen as a major step towards realizing this vision and achieving energy security for the country.