DEAT organises UK roadshow

and 10.
DEAT Capital managing director Mr Nicky Moyo said the international meeting is aimed at raising capital and seeking out new business opportunities for local firms.
“The private sector led roadshow on Zimbabwe to the United Kingdom will target the London capital markets and private sector partnerships on trade and investment with the broader United Kingdom business community. The delegation size will be limited to 15 high-level delegates drawn from Zimbabwe business and Government agencies,” he said.

Mr Moyo said the target groups local participants were going to meet in London include international capital market players, technology and industrial parks, UK Chambers of Commerce, private equity and institutional investors, equipment and machinery suppliers, and London-based investment banks with interest in trade and investment on the African continent.
According to the organisers, the main objectives of the mission to London is to build awareness on doing business in Zimbabwe, explore capital raising opportunities on London Capital Markets, and explore technical

and joint venture partnerships for United Kingdom based entities looking at Africa.
The meetings will also include sourcing partnerships for capital equipment and machinery for Zimbabwe companies, exploration of new export markets for Zimbabwe products and the establishment of correspondent banking relationships with United Kingdom based international entities.

DEAT Capital has also successfully organised a first ever Zimbabwe Business Mission to Hong Kong and Singapore in June this year, which saw a delegation of 25 Zimbabwe Government and private sector leaders participating.

The company also organised a London Stock Exchange Capital Markets road show to Zimbabwe that was held in February.
There have been a number of such capital-raising and business initiatives that have been carried out over the past 18 months. However, there is little empirical evidence in respect of positive yields – capital raised or new strategic business relationships – that have emerged resultantly. Zimbabwe still faces extensive liquidity challenges emerging out of the hyperinflationary period and worsened by the dollarisation of the local economy in 2009.