acquire and invest in key assets in the property, infrastructure, hotel and commercial sectors in Zimbabwe and neighbouring countries including the important access corridor to the coast at Beira in Mozambique.
“There are clearly risks associated with investing in Zimbabwe and this financial commitment from Lonrho’s existing investors demonstrates their belief that the opportunities for economic growth in the country are enormous,” said CEO David Lenigas.
“I strongly believe that the best way to encourage economic growth within a country and nurture the development of a strong infrastructure and thriving business culture is through private, foreign direct investment,” he added.
26.7.2007
0:00
LONRHO PLC
LonZim banks £32 million
LONDON
Lonrho's newly established subsidiary LonZim has raised an initial £32.326 million (US$66.234 million) from a number of existing institutional shareholders of Lonrho by issuing 46,180,958 LonZim shares.
The new company's principal focus will be to
LONDON
Lonrho's newly established subsidiary LonZim has raised an initial £32.326 million (US$66.234 million) from a number of existing institutional shareholders of Lonrho by issuing 46,180,958 LonZim shares.
The new company's principal focus will be to