Masawara listing to raise Zimbabwe investment fund

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The Independent Online

Masawara plans to raise $25m (£16m) floating on AIM to invest in "the recovery of Zimbabwe's economy", with "significant potential returns in the next five years" from investment in natural resources, telecoms, commercial real estate and state privatisations.

Masawara already holds stakes in commercial property in Harare and another investment group listed on the Zimbabwe stock exchange.