The market principle of ‘'buy when there’s blood on the streets’ has drawn new investors to Zimbabwe
Africa Confidential reported early this year on highly lucrative British banking operations in Harare and the Botswana-based Imara Capital's recovery fund (AC Vol 48 Nos 2 & 6). So far, Imara has raised some US$13 million for Zimbabwean operations. In a report, 'Africa: The Final Frontier', released on 23 July, from the United States' investment bank Merrill Lynch, its Chief Investment Strategist, Richard Bernstein, argued that companies investing in Zimbabwean real estate, mining, telecommunications and retail were ripe with '5-10 year investment opportunities that are suited for longer-term, risk-oriented investors'.
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