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LONDON: Mthuli headlines Zim capital markets indaba

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By Alois Vinga & UK Correspondent


FINANCE Minister Professor Mthuli Ncube is expected to headline the two-day Zimbabwe Capital Markets Indaba scheduled for London this week which will be attended by more 300 public and private sector executives.

Co-hosted by the Financial Markets Indaba (FMI) alongside the Zimbabwe Embassy in the United Kingdom dubbed the “Zimbabwe Capital Markets Conference” the Indaba will take place in London on 20 April at the London Stock Exchange and then move to the Queen Elizabeth II Conference Centre the next day.

“We have confirmed high-level participation from the Ministry of Finance and Economic Development, Officials from the Reserve Bank of Zimbabwe, Victoria Falls Stock, Securities and Exchange Commission of Zimbabwe, Insurance and Pensions Commission of Zimbabwe and Zimbabwe Investment Development Agency,” the organisers, FMI, said in a statement.

FMI added; “On Thursday the 20th of April from 12pm-6pm will be an Investor-day which we are hosting at the London Stock Exchange.

“This event will provide a platform for companies listed/listing on the Victoria Falls Stock Exchange (VFEX) to present their companies as an investment product to potential investors.

“The Zimbabwe Investment Development Agency (ZIDA) will also make presentations with focus on opportunities available in different sectors outlining the opportunities for International Investors, Firms and Family offices to allocate capital in different asset classes.

“The second day on the 21st of April will be a full day conference being held at the Queen Elizabeth 11 Conference Centre in Westminster from 9:30am-5pm.

“This will be a platform for panel discussions providing an opportunity to interact with International Investors, Retail Investors and Diaspora Investment Groups with an interest to allocate funds into USD denominated investments in Zimbabwe.”

The Indaba seeks to consolidate Zimbabwe’s integration with the global capital markets and help raise the country’s profile as a favourable investment destination after years of being held back by frosty relations with western countries.

In addition, the Indaba is also part of an ongoing process to mainstream Diaspora participation in the economy as well as supporting government’s engagement efforts with Zimbabweans living outside the country.

“Diaspora communities can make a unique contribution to the development of their home countries—especially toward building physical capital and productivity, and ultimately helping to boost job creation, living standards, and higher growth,” said FMI.

“The Diaspora should be considered not just as sources of financing, but as development partners. Government must continue to engage with the Diaspora and create a community of support for national development priorities, capacity building or facilitating their investment ventures toward transformational economic changes at an appreciable level.”

The Financial Markets Indaba (FMI) is a series of interactive investment related forums and conferences convened in Europe, Africa and also virtually. They have hosted more than 50 investor events in the last 8 years as well as webinar events.

Primarily based in Johannesburg with a presence in Harare and London, FMI aims to mobilise investment through convening diaspora, leading global institutional investors, corporate leaders, industry experts and analysts to explore sector and market trends and identify significant investment opportunities.