BUSINESS REPORTER
Hamilton Shanghai, the corporate finance advisory house to the world’s leading landowners and their associated businesses, will open a local office next year in a major boost for Zimbabwe as an investment destination.
The Hamilton Shanghai team have traditionally acted for many of Europe’s largest and oldest landowners, including the Duke of Buccleuch and the Marquess of Hertford.
Hamilton Shanghai’s principal, Steve Pringle, said Zimbabwe is approaching its “inflection point for economic growth over the coming decades, and we want to make a long-term commitment”.
“The recent establishment of ZIDA [Zimbabwe Investment and Development Agency] and the Victoria Falls Stock Exchange are vital steps towards delivering foreign investment. Equally, the importance of a reliable and cost-effective energy supply will be critical,” Pringle said.
He said while there are challenges, a consistent ‘Open for Business’ approach, commitment to transparency and an independent legal framework, along with strong public financial management will ultimately help both deliver and reduce the cost of vitally needed capital.
In addition to mainstream corporate finance advisory, including cross-border mergers and acquisitions, equity and debt raises, the Hamilton Shanghai team has strong experience in economic development.
Hamilton Shanghai entered South Africa in 2018.
