Z23November 10-16 2016

Nigel Chanakira

IT is the Zimbabwe Investment Authority’s (ZIA) ini-tiative to recognise investor / business excellence by awarding those that would have excelled in invest-ment.

Running in its fourth year the hosting of the event has grown in momentum and now the event has be-come the signature event on ZIA’s calendar.

The ZIA Investor Awards dovetail well with initia-tives being implemented by government in order to attract Foreign Direct Investment (FDI), as informed by the country’s economic blue print, Zim-Asset. Some of these include the Ease of Doing Business Reforms, review of the indigenisation and economic empowerment regulations, operationalisation of the OSS, and setting up of the Special Economic Zones among others.

The government of Zimbabwe has embarked on a myriad of initiatives to improve the doing business environment.

The Doing Business Reform programme being spearheaded by Office of the President and Cabinet is one of such initiatives and is designed to make it easy for businesses to obtain licences and permits expeditiously.

The overall objective of the reforms is to spur our country to new heights and levels of investment, growth and development.

Progress has been made under the Doing Business Reforms, in which ZIA has been deeply involved;

•Number of days to start a business has been re-duced from 90 to 15 days

•Time for approval of construction permits has been reduced from 448 days to 120 days

•Property Registration now takes 14 from 36 days •Time taken to pay taxes has been reduced from

242 hours to 160 hours •Companies no longer need to advertise when

applying for shop licences in municipalities •Collateral registry establishment to increase ac-

cess to credit and strengthen financial services in-dustry.

Review of indigenisation & economic empowerment regulations

The country has refined the Indigenisation Framework. Line Ministries were given the mandate to approve indigenisation proposals to allow for flex-ibility in line with the President’s statement of April 11, 2016 on indigenisation.

Now; •Indigenisation thresholds differ according to

sectors•Empowerment credits are now recognised•Indigenisation compliance applications are now

being submitted through ZIA and are processed in three working days

•Instant approval at ZIA for straight forward ap-plications

•Complex transactions are referred to Line Min-istries

Measures to improve the business environment

Our parent Ministry, working together with ZIA and other government departments is involved in a host of other measures to improve the business envi-

ronment. These include;1.One Stop Shop Investment Centre;

which is being re-jigged to operate as a physical centre of excellence and a digital One Stop Shop

2.Setting up of an Investor’s forum 3.Reviewing the current business in-

centives in order to come up with more a comprehensive and competitive package of new incentives.

4.Setting up of Special Economic Zones Programme.

5.Developing and implementing a Dias-pora Engagement Programme

Overview of the 2016 awards categories

In order to preserve consistency in the Awards we have maintained the same list and categories used last year.

The period to be covered is 2015 and we have also maintained the same variables in order to facilitate our nomination and ad-judication processes.

The nomination and adjudication pro-cess was very objective as it used informa-tion submitted by the investors.

The adjudication process was presided over by selected representatives from the private sector. We also employed the ser-vices of auditors simply to ensure that the processes were done according to objective standards.

ZIA has maintained the three broad seg-ments namely Sector Awards, Recognition Awards and the Chairman’s Award.

Sector AwardsThe sector awards seeks to recognise

companies that have immensely contrib-uted to the economic development of our country through increased investment, em-ployment creation, technological transfer to name but a few.

The awards covers our main stream sec-tors which include the manufacturing, min-ing, tourism and leisure, agriculture, ICT, energy, retail and distribution, financial services, construction and services.

To Z27

Improve business environment

ZIA chairperson Nigel Chanakira

Z24 November 10-16 2016

zia investor aWarDs sUPPLeMent

Investment Source Market Category Source Country Award

1.People’s Republic of China (Winner)2.Republic of Mauritius3.Republic of South AfricaSectoral Awards Category

Manufacturing Sector AwardRecognising contribution in terms of value addi-

tion, jobs, and supply chain development.1.Delta Corporation Limited (Winner)2.Pridham Investments P/L3.British American Tobacco Zimbabwe Limited

Agriculture Sector Award Recognising companies that have made signifi-

cant contributions in addressing food security and economic contribution from the sector through in-vestment made and employment.

1.Tian Ze Tobacco Comapny P/L (Winner)2.Irvines Zimbabwe P/L

Financial Sector Award — Banking Recognising contribution to broadening of finan-

cial sector, financial inclusion and jobs as well as new investment in the sector in 2015.

Steward Bank (winner)Financial Sector Award–Microfinance

sub-sector Thrive Microfinance P/L (Winner)

Financial Sector Award – Leasing Finance

1.African Century Limited (Winner) Retail & Distribution Award

Recognising new investment and job creation in retailing and distribution of consumer goods.

1.Afgri Zimbabwe P/L (Winner)2.Gliowell Trading P/L t/a Bhola Hardware3.Kevarez Investments P/L t/a Cement World

Construction Services AwardRecognising new investment and job creation in

retailing and distribution of consumer goods.1.PPC Zimbabwe Limited (Winner)2.China Chrome Mining P/L3.Kakorodzi Enterprises P/L

Tourism and Leisure Sector AwardRecognising significance of contribution to tour-

ism inflows, and marketing Zimbabwe as viable tourism destination

1.Mixrite Investments P/L (Winner)2.Largecoast Investments P/L3.Te Deum Enterprises P/L t/a CR Ranching

Mining Sector AwardRecognising significance of contribution to min-

ing including exploration, mining and beneficiation.1.Makomo Resources P/L (Winner)2.Rongxin Mining Company P/L3.Goldchip Investments P/L

ICT Sector AwardRecognising significance of investments at in-

creasing ICT usage.1.PowerTel Communications P/L (Winner)2.NetOne Cellualr P/L3.TelOne

Effort Awards Stock Market Deal of the Year Award

Recognising significance of portfolio investment transactions and secondary market activity in Zim-babwe.

1.Simbisa Brands Limited (Winner)2.Proplastics Limited3.Zimre Holdings Limited

Stock Market Most Liquid Stock of the Year

Recognising company with highest value of trades during 2016 on Zimbabwe Stock Exchange.

1.Delta Corporation Limited (Winner)2.Econet Wireless Zimbabwe Limited3.Innscor Africa Limited Best Rural District Authority (RDC) Pro-

moting Investment - AwardRecognising effort being made by RDCs in pro-

moting investment for development in their con-stituencies.

1.Mutasa District Council (Winner)2.Mvurwi Town Council

Woman Investor of the YearRecognising female entrepreneurs for their con-

tribution to the Zimbabwean economy.1.Caroline Chirima (Winner)2.Margaret Takaedza3.Edzai Marange

SMEs - Award1.Zimbuild Property Development P/L (Winner)2.Peace Security Company P/L (First runner up)3.Baztech Incorporated (Second runner up)4.Belvedere Medical centre (Second runner up)Chairman’s Award

Investor of the Year Award Based on the choice of the adjudicators out of all

the winning candidates, having considered various factors such as size of investment, significance of business, job creation, and other factors.

1.Powertel Communications (Winner).

2016 ZIA Investor Awards

Agriculture Sector Award winner Tian Ze Tobacco Company.

Powertel marketing manager Prosper Mutswiri (sec-ond from left) and the company secretary and legal

adviser Lazarus Murinda receives the ICT Sector Award from ZIA chairman Nigel Chanakira (right).

November 10-16 2016 Z25

zia investor aWarDs sUPPLeMent

2016 ZIA Investor Awards

Tourism and Leisure Sector Award winner Mixrite Investments.Construction and Construction Services Award winner PPC

Zimbabwe

Woman Investor of the Year first runner up Margaret Takaedza (centre).

Manufacturing Sector Award first runner up Pridham Investments.

Manufacturing sector winner Delta Corporation.

Stock Market Most Liquid Stock second runner up Econet Wireless.

From Z24

Z26 November 10-16 2016

ZIA INVESTOR AWARDS SUPPLEMENT

Lola’s Tapas scoops 4th ZIA awardMIXRITE Investments p/l t/a Lola's Tapas & Carnivore Restaurant has scooped 2016, Zimbabwe Investment Authority (ZIA) top award in Tourism and Leisure cate-gory held on October 28, 2016 at a colourful ceremony held at Sango Conference Centre in Harare.

Lola's Tapas & Carnivore Restaurant based in Victo-ria Falls has become the most preferred restaurant of international recognition and a hot spot of innovation and fusion of Afro-centric and Euro-centric dishes that can be enjoyed by local clients and tourists.

The company has seized to operate just like any oth-er company assuming its business as usual but working around the clock bringing new concepts into the market and investing in human resources.

The restaurant introduced a new concept in Victoria Falls which propelled it to be on the lime light and fa-mously now known as 'Lola's is different' by its clients.

Lola's as it is affectionately known has introduced the fusion of Mediterranean cuisine with Zimbabwean products, focused mainly on local clients and tourists.

The introduction of “The Lola's bites" a deep fried crocodile chick with sesame seeds, orange sauce and pesto flavored rice, is a surprise for everybody and one of our successful dish. Other products are oven cooked giraffe ribs, zebra burger, local veggies cake, game crepe, crocodile ravioli and game paella among our unique innovative products.

Lola's Tapas & Carnivore Restaurant offers real gas-tronomic surprises for everyone.

Mixrite Investments believes that the company does not operate itself hence embarked on permanent for-mation programme with employees teaching new cook-ing ways with African products and front skilling the waiters teaching new languages and professional devel-opment.

The company is managed by two directors Jose Luis Regot (Managing director) and Maria Sanchez (Opera-tions director) and two shareholders Elena Regot and Fina Mena.

On another development Lola's has plenty of suc-cess stories and is undertaking a community agricul-tural project for the local villages promoted through an agreement between Lupane State University and Poly-technic University of Catalunya, Spain.

Lola's which operate from 8am until the last client leaves boasts of its clientele mostly tourists from over-seas.

"We want to tell fellow Zimbabweans and the world at large that despite the hush economic conditions we have in Zimbabwe, it is possible to do a profitable busi-ness in Zimbabwe," said Regot who is the managing di-rector a civil engineer and marketer who holds an MBA.

It has been earmarked that the company is undertak-ing massive expansion programmes with intentions to open doors in Harare and to build a Spanish imported Extra Virgin Olive Oil bottling plant in Bulawayo in the near future.

The owners of the company who are of Spanish ori-gin, and as per Zimbabwe Foreign Investments Regula-tions, joined Zimbabwe Investment Authority (ZIA) and decided to stay in Zimbabwe in 2009 and later formed the company in 2012 with the actual structure and ven-tured in hospitality and tourism.

The company is spearheaded by Sanchez, the op-erations manager, a psychologist and human resources expert, who is always on the floor and ready to address queries.

Lola's Tapas & Carnivore Restaurant grabbed the ac-colade because of creativity and originality of its prod-ucts and the impact on Zimbabwe economy.

The Zimbabwe Investment Authority is a corporate body responsible for promoting and facilitating both foreign direct investment and local investment.

The situation was born out of the merger of the Ex-port Processing Zones Authority and the Zimbabwe In-vestment Centre which was done to create a one stop investment shop for quicker and easier facilitation of investments.

The major agricultural project being undertaken is "Ricstar Farming" under the Africa Crece Spanish Foun-dation an NGO founded by Sanchez and Regot.

This project is being assisted by Polytechnic Univer-sity of Catalunya which send engineers and specialists in poor soils and exchange notes with Lupane State University specialists and share knowledge with local villagers in the culture and harvesting processes, cattle ranching where there is no enough grazing fields and planting of special nutrient plant trees.

The company was presented with a certificate and a trophy as a token of appreciation and excellence.

Lola’s bites with dried tomato rice

Lola’s Tapas & Carnivore Restaurant

November 10-16 2016 Z27

ZIA INVESTOR AWARDS SUPPLEMENT

STANDARD Bank Group, Africa’s largest bank by assets, has been recognised for excellence across the continent, scooping 16 awards in the 2016 EMEA Finance African Banking awards, including Best Investment Bank in Africa for the ninth consecutive year.

“We are delighted to receive these awards which acknowledge our sustained investment in un-derstanding Africa’s complex and varied banking, transaction and regulatory landscapes - from a client perspective,” Standard Bank head of Investment Banking Bill Blackie said.

The additional awards received from EMEA Finance, including Best Investment Bank in Angola, Botswa-na, Ghana, Kenya, Mozambique, Namibia, South Africa, Tanzania, Uganda and Zambia; and Best For-eign Investment Bank in Nigeria; reiterate Standard Banks commit-ment to Africa’s markets.

Standard Bank Group was also awarded:

•Best Debt House in Nigeria, (Stanbic IBTC)

•Best Local Bank in South Africa •Best Broker in Rwanda and

Uganda, SBG Securities“These awards recognise that it is

Standard Bank’s ability to navigate complex financial and regulatory environments that assists clients to achieve their long-term growth am-bitions,” says Blackie.

Standard Bank has delivered a number of transformative deals,

reflecting the bank’s commitment to driving growth on the continent that it calls home. In addition, Standard Bank’s sector expertise, on the ground presence and estab-lished transactional capability, has enabled Standard Bank to identify and leverage ongoing African op-portunity.

One such deal is a multi-curren-cy loan facility for Botswana based multi-national ecotourism company, Wilderness Safaris which operates nearly 40 luxury safari camps across eight African countries.

Wilderness successfully raised a US$35 million bilateral loan for the purchase of a new ecotourism company in Kenya and for further expansion across Africa.

This structured, multi-currency loan facility was led by Stanbic Bank Botswana and the proceeds will be deployed over several years in multiple currencies thereby creat-ing a natural hedge against foreign exchange risks. The transaction is one of the largest corporate deals in Botswana in 2016,and was fully funded by Stanbic Bank Botswana on a bilateral basis.

Stanbic Bank Botswana manag-ing director Leina Gabaraane says: “Our footprint across 20 countries on the continent provided Wilder-ness Safaris with an on the ground banking partner with regional and local expertise in the countries in which they operate, as well as coun-tries targeted for future expansion.” As Sole Arranger, Stanbic Bank Bot-

swana has been able to provide Wil-derness Safaris with bespoke fund-ing solutions that will help protect it from currency volatility as well as generate future growth.

“The ability to provide long-term funding in multiple countries with currency flexibility in a short space of time illustrates the complexity of the capital requirement needs of Africa’s emerging intra-continental service businesses,” says Gabaraane.

Wilderness Safaris is one of Afri-ca’s premier ecotourism companies and caters primarily to an interna-tional clientele. The company is dual-listed with its primary listing in Botswana and secondary listing in Johannesburg. Their strategy is to invest in luxury ecotourism oppor-tunities in order to build sustainable conservation economies that com-bine conservation of Africa’s wildlife heritage with the sharing of benefits with rural communities. They do this through working with govern-ments and other stakeholders to en-trench the true value of sustainable authentic ecotourism.

“In addition to reinvestment into flagship properties in Botswana and Namibia, the proceeds of this loan will be used for expansion across African markets such as Kenya and Rwanda,” says Keith Vincent, chief executive, Wilderness Safaris. “This is in line with our group strategic vision, which is to invest in African tourism markets which offer au-thentic wildlife and safari experi-ences and where we feel our specific

ecotourism model can have positive con-servation and community impacts.”

Wilderness Safaris places huge em-phasis on the conservation of pristine ecosystems and the wildlife they hold, however they also combine positive con-servation elements with human devel-opment programmes thus far exceeding narrow biodiversity concerns.

Conservation activities such as ecosys-tem restoration and endangered species reintroduction are blended with com-munity programmes such as training and education, as well as community-centric local employment.

Similar to Wilderness Safaris’ multi-country geography and cross-border safari itineraries, “our service banking model also drives regional integration while equipping a broad set of African geographies with the foreign exchange earnings to address Africa’s liquidity chal-lenges,” says Gabaraane.

Leveraging a loan for deployment across many camps in different countries

presents a unique set of complexities. This is especially so since the funding will be required at short notice for use across a number of countries in support of its business operations – or to help address unexpected capital or liquidity events.

“This not only requires a bank on the ground in most of Wilderness Safa-ris countries of operation, but since the deployment of the loan will be a hands-on and a bespoke process, a bank with local personnel familiar with endemic operating and currency challenges in each environment was required,” adds r Gabaraane.

“This deal was especially significant for Stanbic Bank Botswana, which is part of Standard Bank Group, in showcasing its ability to find innovative solutions for home-grown African multinational clients committed to the continent and promoting local growth, even when these deals are somewhat complex and challenging to deliver in their detail over time,” says Gabaraane.

Standard Bank recognised for banking ecxcellence in Africa

Z28 November 10-16 2016

ZIA INVESTOR AwARdS SUPPLEMENT

Award Winners

To

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Marange was the second runner up in the ZIA Women Investor Award.

Business professional soft skills training programmes

Business professional soft skills specialist Edzai Marange

Makomo Resources scooped the 2016 Mining and Mineral Processing Sector Award.