RBZ to monitor externalised shareholding

The Reserve Bank of Zimbabwe says it allows for companies operating in Zimbabwe to partially externalise their shareholding, but warned it will enhance monitoring mechanisms to ensure that the dispensation is not abused.

Companies are increasingly looking at migrating their holding company structures or part of their equity to offshore jurisdictions with benefits including easier access to venture capital.

And certain foreign investors may allocate a greater portion of their available funds for investments in jurisdictions prominent in specific industries.