Govt to participate in Far East roadshows

Zimbabwe International Business & Capital Markets road show to Hong Kong and Singapore, an initiative of private financial advisory firm DEAT Capital.
The road shows are set for June 21 and 27. In a letter to DEAT Capital managing director Mr Nicky Moyo, Minister of Economic Planning and Investment Promotion Tapiwa Mashakada confirmed that his ministry was “participating and co-ordinating from Government the delegation” on the international business road show to Hong Kong and Singapore.
“Hong Kong and Singapore are key source markets and are strong emerging countries and our hope is that Zimbabwe will benefit tremendously in having strong ties with the emerging countries.”
The Zimbabwe International Business & Capital Markets road show is expected to facilitate high-level face-to-face, scheduled dialogue between Zimbabwe companies and representatives of Hong Kong and Singapore- based institutional and private equity investors, credit line financiers, joint venture and technical industry partners.
The road show is also largely expected to be an effective way for Zimbabwe-focused private and State- oriented enterprises to seek new investors, credit lines and broaden their shareholder base.
According to Mr Moyo, the main aim of the road show is to generate US$6 billion of financing in forms of initial public offerings on international stock exchanges of Hong Kong and Singapore.
It is also expected to foster joint ventures and expose technical opportunities, credit lines tied to importation of machinery and equipment, private placements and private equity transactions.
He also said his organisation was making pre-arrangement with their partners in the Asian countries to ensure the success of the road show.
“DEAT Capital and its counterparts in Hong Kong and Singapore will identify, pre-qualify and invite appropriate institutional and equity investors, industry partners and potential financiers to ensure their relevance and interest whilst managing the scheduling, logistics (flights, accommodation, and internal transfers), marketing and administration of the road show,” he said.
Participants are being targeted from the following sectors: financial services, information and communication technology, infrastructure (energy, transport, water, telecommunications, manufacturing, mining and capital equipment, industrial parks and property development, chemicals and pharmaceuticals, tourism and hospitality, agribusiness and state-owned enterprises.
Singapore and Hong Kong are centrally-positioned within Asian capital markets and being the key gateway to mainland China offers an unbiased arena in which to bring together selected groups of participating Zimbabwean public and private companies with the most extensive possible network of appropriate potential investors, financiers and technical partners.