admin“The private sector-led road show on Zimbabwe to the United Kingdom targeted London capital markets and private sector partnerships on trade and investment with the broader United Kingdom business community. The delegation included leaders from Zimbabwe business and Government agencies,” said DEAT Capital managing director Mr Nicky Moyo.
He said the goals and objectives of their mission were to build awareness on doing business in Zimbabwe, exploring capital raising opportunities on London capital markets as well as exploring technical and joint
venture partnerships for United Kingdom based entities looking at Africa.
He said their mission also focused on exploring listing of sovereign and corporate bonds focused on Zimbabwe, exploring opportunities for structured financing for trade and the development of correspondent banking relationships with United Kingdom-based international entities.
The delegation, which comprised Zimbabwe’s Ambassador to the United Kingdom Gabriel Machinga, State Enterprises and Parastatals Minister Gorden Moyo, and representatives of such entities as Cluff Gold Resources, Imara Holdings, CBZ Bank, State Enterprises Restructuring Agency, FBC Bank and Invictus Asset Management, met several target groups from that country.
“The target groups met include international capital market players based in the United Kingdom, resource focused investors and commodity trading houses and London-based investment banks with interest in trade and investment in Africa,” he said.
He said meetings were also held with Westhouse Holdings, a corporate and institutional stockbroking group with particular sectoral expertise in natural resources, investment funds, and United Kingdom industrial and environmental technology.
“Regionally, the group’s clients have significant exposure in Europe, Africa, Central Asia and China.
“Through its subsidiary Smith’s Corporate Advisory, Westhouse has a strong focus on widening share ownership for quoted companies of all sizes. Westhouse is actively pursuing and sourcing deals to pitch for
Zimbabwe focused companies in capital raising in London capital markets.”
Mr Moyo said the delegation was also hosted at Ernst & Young global headquarters where joint Zimbabwe capital raising opportunities on London capital markets roundtable with senior representatives leading London capital markets firms were held.
Mr Moyo said the visit also had high-level business opportunities seminars with various UK-based companies under the umbrella organisations of London Chambers of Commerce and British Expertise.
“They expressed interest in organising an international business delegation focused on various sector opportunities including infrastructure, pharmaceuticals, agribusiness, food processing, mining, information communication technology, property development in 2012,” he said.
Online Reporter