Business / Economy
London Stock Exchange delegation expected in Zimbabwe
19 Jan 2011 at 21:27hrs | Views
A delegation from the London Stock Exchange is expected in the country next month to assess business developments and assist local companies on how to raise offshore equity.
Mr Nicky Moyo, managing director of DEAT Capital ' the organisers of the executive briefing ' said a team from the LSE would bring its corporate finance boutiques, investment bankers, accounting and legal firms.
The executive briefing, to be held on February 11, is expected to provide locals with insights and opportunities of raising capital on London Stock Exchange markets.
"Given the ever increasing rate of change within the marketplace, key themes for the forum will include primary and secondary markets activity and trends on the LSE, AIM and Main Market," said Mr Moyo.
Other issues to be discussed include developing international capital, raising strategy on LSE and experiences of Zimbabwean-focused entities listed on the same market.
The visiting team would also give an overview of specialist securities, including Exchange Tradable Funds and Securitised Derivatives, and exchange initiatives for 2011.
Mr Moyo said one-on-one sessions with the LSE team would be arranged to discuss potential capital-raising projects.
More importantly for Zimbabwe companies seeking to raise capital, its Alternative Investments Market is the most successful growth market in the world.
Minister of Industry and Commerce Professor Welshman Ncube is expected to be the guest speaker.
Other speakers include Mr Richard Webster-Smith, Manager, Primary Markets, South Asia, Middle East and Africa; Mr Shingi Mutasa, chairman TA Holdings and executive director, Masarawa Plc.
Zimbabwe Stock Exchange chief executive Mr Emmanuel Munyukwi and Securities Commission chief Mr Alban Chirume will also give an overview of the status of the capital markets in Zimbabwe.
Mr Tony Lerdele, business development director of the Rand Merchant Bank in South Africa, has also confirmed participation.
Mr Nicky Moyo, managing director of DEAT Capital ' the organisers of the executive briefing ' said a team from the LSE would bring its corporate finance boutiques, investment bankers, accounting and legal firms.
The executive briefing, to be held on February 11, is expected to provide locals with insights and opportunities of raising capital on London Stock Exchange markets.
"Given the ever increasing rate of change within the marketplace, key themes for the forum will include primary and secondary markets activity and trends on the LSE, AIM and Main Market," said Mr Moyo.
Other issues to be discussed include developing international capital, raising strategy on LSE and experiences of Zimbabwean-focused entities listed on the same market.
The visiting team would also give an overview of specialist securities, including Exchange Tradable Funds and Securitised Derivatives, and exchange initiatives for 2011.
Mr Moyo said one-on-one sessions with the LSE team would be arranged to discuss potential capital-raising projects.
More importantly for Zimbabwe companies seeking to raise capital, its Alternative Investments Market is the most successful growth market in the world.
Minister of Industry and Commerce Professor Welshman Ncube is expected to be the guest speaker.
Other speakers include Mr Richard Webster-Smith, Manager, Primary Markets, South Asia, Middle East and Africa; Mr Shingi Mutasa, chairman TA Holdings and executive director, Masarawa Plc.
Zimbabwe Stock Exchange chief executive Mr Emmanuel Munyukwi and Securities Commission chief Mr Alban Chirume will also give an overview of the status of the capital markets in Zimbabwe.
Mr Tony Lerdele, business development director of the Rand Merchant Bank in South Africa, has also confirmed participation.
Source - Byo24NEWS
