Zimbabwe: $200m Infrastructure Fund Unveiled

Jul 26, 2017 | The Herald; All Africa

Ecsponent Limited's controlling shareholder and Brainworks Capital founder George Manyere has unveiled a $200 million investment fund targeting key infrastructure projects in Zimbabwe.

Johannesburg Stock Exchange listed Ecsponent Limited's controlling shareholder and Brainworks Capital founder George Manyere has unveiled a $200 million investment fund targeting key infrastructure projects in Zimbabwe. The funds will be housed under his newly formed MHMK Infratech company. "Our vision is to be the leading private sector player in infrastructure development & financing and a partner of choice to all key stakeholders in Zimbabwe. "This move we have made and the successful raising of $200 million in our first round of financing reflects our positive views around the ambitious infrastructure initiatives being undertaken by our Government in Zimbabwe in line with its economic blueprint, Zim-Asset," said Mr Manyere, who is the chief executive of the company. MHMK Infratech will be moving in to address the key infrastructure requirements of the country, inter alia: roads, airports, bridges, transport, energy, border posts and water sectors. MHMK aims to have available $1 billion in the short to medium term for the most pressing infrastructure requirements. "The successful capital raise in the first round, guarantees the ability of MHMK Infratech to identify and commence development of the above mentioned infrastructure projects promptly and significant progress has already been made in kick-starting its first infrastructure project in Zimbabwe." Read more on All Africa. Source: All Africa