Diaspora
Kapita
plans
to
use
the
resources
to
help
Zimbabweans
based
abroad
to
buy
real
estate
back
home, The
Herald wrote
on
December
2.
“The
bond
will
target
institutional
and
retail
investors,
and
its
repayment
will
be
funded
by
offshore
diaspora
communities
purchasing
properties.
This
creates
a
robust
foreign
currency
revenue
stream
for
investors,”
it
cited
Diaspora
Kapita
CEO
Vhusi
Phiri
as
telling
the
Association
of
Investment
Managers
of
Zimbabwe
meeting
in
Cape
Town,
South
Africa
recently.
The
VFEX,
with
about
15
listings,
offers
tax
incentives
and
other
benefits
to
investors.
It
was
launched
two
years
ago.
It
already
has
a
$50mn
bond
by
Tharisa,
a
multi-metal
miner
that
is
listed
in
South
Africa’s
Johannesburg
Stock
Exchange
and
LSE.
The
Herald said
Diaspora
Kapita
was
founded
by
13
Zimbabweans
based
abroad
and
has
investments
in
financial
services,
insurance,
agritech
and
funeral
services. It
collects
about
$46mn
annually
in
funeral
premiums.
Post
published
in:
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