SA firm urges local firms to embrace global investors

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A SOUTH Africa-based emerging markets investment entity — MN Capital — has urged struggling Bulawayo firms to aggressively market themselves to global investors, saying international financiers are looking into Africa as an alternative investment destination.

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MN Capital managing director and head of institutional business development Michael Ndinisa told Southern Eye Business that Bulawayo should not be allowed to die, adding his organisation was keen to see Zimbabwe as a whole prosper in terms of economic development.

“I would like to see this city (Bulawayo) and Zimbabwe as a whole prospering. There should be economic development,” he said.

“As we might be aware, global investors are looking into Africa as an alternative investment destination. Taking into account the level of research that is undertaken before investment considerations are taken, you will agree that the face of the African economy is rapidly changing.

“This could be owing to the improved political stability and governance. Foreign investment adds value in the African economic activity, yet the million dollar question remains. What are the local investors doing towards economic development in Africa? This requires strategic thinking,” he added.

According to Ndinisa, in the post-global economic crisis environment, developing economies need to put in place alternative investment strategies that will foster sustainable development.

“In this regard, careful analysis is required to identify ways of funding the most lucrative sectors such as infrastructure especially in water and sanitation as well as power,” he added.

 MN Capital is a leading emerging markets investment communication and research firm and it employs a network of specialists’ in delivering unrivalled discretionary services to institutional investors, asset owners, fund and asset managers, corporate institutions and sovereigns. 

Last week the group organised a highly-powered annual pension funds investment forum in Bulawayo aimed at sensitising pension funds and State reserves to diversify their investment portfolios into more innovative asset classes that could revive Zimbabwe’s economy, such as infrastructure investment, agribusiness, private equity and industries.