Recent lacklustre performance by the Zimbabwe economy has not stopped global investors flocking to the annual conference staged in Harare by Imara Edwards, the country’s leading stockbroker and their Group colleagues at Johannesburg-based Imara Africa Securities.
Attendance at the indaba this week, from May 28 to May 30, is by invitation only and demand is as strong as ever from international asset managers and family office representatives – the custodians of huge private wealth and potential partners in private equity transactions.
Tino Kambasha, executive director of Imara Edwards, comments: “It’s our sixth annual in-country investment indaba and interest remains extremely high.
“This is partly because of the growing international focus on African frontier markets in general and partly because of attractive value opportunities in Zimbabwe itself as there is potential for significant growth in both the listed and unlisted space.”
Some of the top names in Zimbabwe’s corporate sector are lined up to address the conference. Presentations and other input are scheduled from: Ariston Holdings, Barclays Bank Zimbabwe, British American Tobacco Zimbabwe, Mashonaland Holdings, Delta, Econet Wireless Zimbabwe, First Mutual Holdings, Innscor Africa, Masimba Holdings, Mwana Africa, the Securities and Exchange Commission of Zimbabwe, Seed Co and the Zimbabwe Stock Exchange.
Visits to industrial, mining and agricultural operations and informal retail businesses are also on the conference agenda.
Kambasha notes: “Strong foreign investor interest is a positive signal for Zimbabwe. It suggests that many well-informed investment professionals believe the country is positioned for recovery and that we’re close to the low point in Zimbabwe’s long-term economic cycle, creating an opportunity to tap into Zimbabwe’s undoubted growth potential.
“South African asset managers are among those showing interest, along with their peers from North America, Europe and Asia.”
- Imara is an independent, Botswana-listed investment banking group that prides itself on objective decision-making in the service of its clients. The company is mid-sized and has offices in Angola, Botswana, South Africa and the UK and associate offices in Malawi, Mauritius, Zambia and Zimbabwe. Imara has also partnered with Chapel Hill Denham in Nigeria, Sterling Bank in Kenya, Namibia Equity Brokers and Mac Capital in Dubai.
The Group is an active participant in Africa’s financial markets and maintains extensive research coverage of regional equities.