Kavango Resources Lists on VFEX, Boosting Zimbabwe’s Mining and Investment Prospects
Kavango Resources Joins Victoria Falls Stock Exchange, Driving Investor Confidence in Zimbabwe’s Mining Sector
Metals exploration and gold production company Kavango Resources has officially listed on the Victoria Falls Stock Exchange (VFEX) in Zimbabwe, becoming the 17th company to join the exchange, which is celebrating its fifth year of operation.
Speaking at the listing ceremony on September 26, VFEX chairperson and nonexecutive director Caroline Sandura highlighted that Kavango’s entry marked a new chapter in building a modern, competitive financial marketplace in Zimbabwe.
She noted that the market had already shown confidence in the company. On its debut trading session on September 8, Kavango’s share price closed 20% above its listing price.
“This immediate positive reception underscores the market’s strong belief in Kavango’s potential and solidifies its position as a promising new entrant,” Sandura said.
Sandura added that Kavango’s vision for mineral exploration across Southern Africa aligned perfectly with Zimbabwe’s broader strategy of unlocking natural resource potential. She emphasized that the secondary listing demonstrated Kavango’s commitment to transparency, governance, and investor engagement.
The listing also comes at a time when VFEX is finalizing plans to launch a commodities exchange that will enable the trading and settlement of various minerals.
Investment Confidence in Zimbabwe
Zimbabwe Investment and Development Agency (ZIDA) chief investment promotion officer Silibaziso Chizwina applauded Kavango’s confidence in the country’s mining sector and its willingness to partner with local stakeholders.
“Kavango’s focus on exploration before extraction is a model we hope both local and foreign mining companies will follow,” Chizwina said.
Since entering Zimbabwe in 2023, Kavango has made four mineral discoveries and drilled more than 16,000 meters, investing over $16 million into exploration.
Kavango CEO Ben Turney reaffirmed the company’s commitment to Zimbabwe, saying it was one of the most enabling environments for mining growth.
“We’ve invested in our team, local communities, and infrastructure, and we are now advancing two of our discoveries toward production. Zimbabwe is a place where companies can grow rapidly, supported by an educated and hardworking population,” Turney said.
National Endorsement
Zimbabwe’s Provincial Affairs Minister Richard Moyo praised Kavango’s listing as a strong vote of confidence in the country’s economic vision.
“This partnership will create jobs, support local businesses, and ensure that resource wealth translates into lasting prosperity,” Moyo said.
He credited President Emmerson Mnangagwa for establishing a stable and transparent environment that encourages responsible investment.
“May this be the start of a partnership that uplifts communities, strengthens our economy, and brings pride to every Zimbabwean,” he added.
