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By Golden Sibanda
DEAT Capital, a local financial advisory firm, has set out on a mission to link up Zimbabwean firms in need of funding with Chinese investors on the Hong Kong Stock Exchange.
The international roadshow will try to link up local firms with investors in Singapore, the fastest growing economy in the world last year.
Deat Capital said it had arranged meetings with decision-makers from Hong Kong special administrative regional bodies.
The company’s managing director, Mr Nicky Moyo, said the trip would provide local firms with access to key decision-makers in Hong Kong and the rest of China.
He said the international roadshow planned for April 11-16 would link local firms with investors and organisations from mainland China, which are investing or are interested in partnerships with Zimbabwe firms.
“The international roadshow will be limited to no more than 15 participants. Target participation includes senior business executives, decision-makers in the public sector and industry leaders from Zimbabwe,” said Mr Moyo.
The roadshow, which will take delegates to Hong Kong, will include direct one-on-one business match-making meetings and also learning sessions around Hong Kong and mainland Chinese environment of business.
It would also present the participants with an opportunity to acquaint themselves with the current macroeconomic situation in Zimbabwe and China.
The objectives of the trip include exposing Zimbabwean firms to leading financiers and companies interested in partnering on key projects in Zimbabwe.
It would also enable Zimbabwean firms to hold match-making meetings with their Hong Kong counterparts, discuss areas of mutual interest and help the Zimbabwe private sector plan how to do business in Hong Kong and mainland China.
In addition, the business trip will give Zimbabwean firms access to new capital sourcing opportunities and provide them with a platform for one-on-one sessions to explore opportunities for joint ventures and export markets in Hong Kong and the rest of China.
Furthermore, the roadshow would enable Zimbabwean firms to access opportunities for listings and capital raising in one of the world’s largest markets.
Mr Moyo said this rare business excursion to Asia would help Zimbabwean firms explore the wealth of business opportunities in Hong Kong as well as to understand the financial and professional services and products these markets want to buy.
The roadshow has targeted such sectors as agriculture and agro-processing, financial services, information and communication technology, infrastructure (energy, transport, water, and telecomms).
Also targeted are firms in manufacturing, mining and capital equipment, industrial parks and property development, chemicals and pharmaceuticals, state enterprises and parastatals, among other areas of interest.
Meetings will be held with Invest Hong Kong, Hong Kong Stock Exchange and Clearing, Hong Kong Trade Development Council, Hong Kong Export Credit Insurance Corporation, Hong Kong Institutional investors focused on African markets and Bank of China International.
This will also include China Investment Corporation, Hong Kong Venture Capital and Private Equity Association and Hong Kong Monetary Authorities.
The Singapore roadshow will provide access for Zimbabwean firms to key decision-makers in leading Singapore and Asian focused companies investing in or interested in partnering Zimbabwean businesses.
Meetings with Singaporean firms, which would involve not less than 30 participants, will be held with institutional and private investors, government trade and investment bodies of similar profile to those in Hong Kong.
The Singapore trip, with similar target outcomes, will be focused on agriculture and agro-processing, financial services, information and communication technology and infrastructure (energy, transport, water, telecomms).
Target sectors also include manufacturing, mining, capital equipment, industrial parks, property development, chemicals, pharmaceuticals, state enterprises, parastatals, property and industrial parks development among others.