BIHL Rakes in P534m Surplus
The Botswana Insurance Holdings Limited (BIHL) group has delivered exceptionally strong overall results for the year ended 31 December 2007, ...
See all stories on this topic
Thursday 21 February 2008
BIHL Rakes in P534m Surplus
Investors still eye Zimbabwe
An asset management company with offices in *Harare reckons that European investors remain interested in Zimbabwe as an investment destination because of the promise of a relatively rapid turnaround in the economy once the politics return to normal.
John Legat, the Harare-based chief executive of Imara Asset Management, part of the Botswana-registered Imara financial services group, reported on positive feedback from presentations in investment conferences in London and Munich.
Legat said that there was a good deal of discussion about the Imara theory that parallels existed between Brazil in the 1980s and Zimbabwe today.
"Despite the country’s problems, international investors have still made impressive gains in Zimbabwe at a time when returns in many developed markets have been disappointing," Legat said. "One internationally focused fund with a strong stake in Zimbabwean equities last year made gains of 18% in US dollar terms with an 84% gain over three years."
He said Zimbabwe still had a robust and relatively sophisticated equity market - with values at bargain basement levels. Seventy-nine companies are listed on the Zimbabwe stock exchange versus 54 in Kenya.
The Imara presentations also pointed out that a wealth of natural resources and tourist infrastructure offer ready-made building blocks for rapid economic revival, given the necessary policy adjustments.
"Zimbabwe is not being written off," Legat said. "It is being carefully scrutinised by private and institutional investors in major European centres."
*Harare
Tawana inks Orapa JV agreement with Botswana investment firm
Tawana inks Orapa JV agreement with Botswana investment firm
Mining Weekly - Garden View,South Africa
ASX- and JSE-listed diamond junior Tawana Resources has signed an agreement with Botswana-domiciled Nowak Investments, which gave the firm the right to earn ...
Sydney Morning Herald - Sydney,New South Wales,Australia
Dr Daniels was brought the Liqhobong Diamond Mine in Lesotho into production. potential that still remains in Botswana. It is also noteworthy that Firestone ...
See all stories on this topic and here.
Monday 18 February 2008
Lobtrans collapse shakes banking industry
Botswana’s three biggest banks are expected to suffer a crippling hit following the unexpected liquidation of one of Botswana biggest companies, Lobtrans...
Subscribe to:
Posts (Atom)