{"id":75989,"date":"2023-03-29T22:51:42","date_gmt":"2023-03-29T20:51:42","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/west-properties-zimbabwe-announces-listing-on-victoria-falls-stock-exchange"},"modified":"2023-03-30T01:05:05","modified_gmt":"2023-03-29T23:05:05","slug":"west-properties-zimbabwe-announces-listing-on-victoria-falls-stock-exchange","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/west-properties-zimbabwe-announces-listing-on-victoria-falls-stock-exchange","title":{"rendered":"West Properties Zimbabwe Announces Listing On Victoria Falls Stock Exchange"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>West Properties Zimbabwe, a property developer, announced listing on the <b>Victoria Falls Stock Exchange (VFEX)<\/b> on April 29, 2023, following its successful migration into being a public firm.<\/p>\n<p>According to management, the move is meant to shore up the ambitious company\u2019s vision of transforming a billion bricks into a lifestyle ecosystem by 2050.<\/p>\n<p>West Properties announced the listing on the Victoria Falls Stock Exchange at a media briefing in Harare on Monday.<\/p>\n<p>WestProp will raise US$30m on course to listing on VFEX, becoming the latest company to be lured by incentives on the foreign currency-only bourse.<\/p>\n<p>Board chairman Michael Louis said the initial public offering will raise funding to finance six projects by WestPro, Pokugara Residential Estate, Millennium Heights, Pomona City, The 1 Mall of Zimbabwe, Millennium Heights Office Park and the Hills Golf Estate.<\/p>\n<p>Addressing the media, company CEO <b>Kenneth Sharpe<\/b> said by listing on the attractive bourse, the company was affording ordinary Zimbabweans a safe investment vehicle free from the general worries of losing valuable savings through inflation. Sharpe said:<\/p>\n<p>In this day and age where the majority are crying over eroded pensions and banked money losing its value; we provide the best and safest way of keeping and growing the value of your money.<\/p>\n<p>For an example, if you invest as little as US$50 with us, you are assured that the amount will not depreciate.<\/p>\n<p>We will not charge you handling fees.<\/p>\n<p>We are an alternative to the formal banking system.<\/p>\n<p>We have a goal of taking our company from the current annual sales of US$40 million to over US$100 million within seven years and to create a balance sheet that will exceed US$1 billion in value which is more than 5 times the one today.<\/p>\n<p>WestProp Holdings Limited is a subsidiary of Alpha Holdings (Pvt) Ltd, which is a property and investment holding company incorporated and domiciled in Mauritius.<\/p>\n<p>WestProp Holdings Limited is involved in the development, management, and sale of commercial and residential properties.<\/p>\n<p>The company has a diverse portfolio of properties, including office parks, shopping centres, warehouses, and residential estates.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. West Properties Zimbabwe, a property developer, announced listing on the Victoria Falls Stock Exchange (VFEX) on April 29, 2023, following its successful migration into being a public firm. According to management, the move is meant to shore up the ambitious company\u2019s vision of transforming a billion bricks into a lifestyle ecosystem by [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":75987,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,3839,7334,11315,5831,19],"class_list":{"0":"post-75989","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-ken-sharpe","12":"tag-victoria-falls-securities-exchange-vfex","13":"tag-victoria-falls-stock-exchange-vfex","14":"tag-west-property-zimbabwe","15":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>West Properties Zimbabwe Announces Listing On Victoria Falls Stock Exchange - 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