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Capital Zimbabwe, in partnership with Zimbabwean banker Mr Andrew Mari.
The local unit is owned 49 percent by the parent company, in compliance with the country’s indigenisation law, while Mr Mari holds the balance of the shareholding with a portion of the 51 percent expected to be allocated to employees and other Zimbabwean investors, the company has said.

Mr Mari has been since been appointed the chief executive officer of Vunani Capital Zimbabwe and will be based in Harare. He is a Zimbabwean citizen who until recently has been running his own advisory and investment business in Zimbabwe.
Prior to this, he ran a corporate and project finance firm in South Africa. He is a seasoned investment banker, having moved to South Africa in the early 1990s to join UAL Merchant Bank.

Vunani Capital Zimbabwe is expected to provide corporate advisory and investment services to its clients in Zimbabwe and South Africa.
Meanwhile, Vunani Capital (Pty) Ltd was recently listed as one of the financial advisors to the National Indigenisation and Economic Empowerment Board, and is expected to provide the services through

its new Zimbabwe arm. The NIEEB was established by Government to facilitate and implement the indigenisation and empowerment transactions in terms of the indigenisation law.
In respect of its advisory services to the NIEEB, Vunani Capital will be working alongside four other financial institutions, namely CBZ Bank Ltd, Genesis Global Finance, Capvest Business Consulting and MMC Capital.

Commenting on the development Vunani Capital (Pty) Ltd chief executive officer Mr Ethan Dube said his company would assist the local indigenisation board in terms of capital-raising in the international market.

“We are very pleased to welcome Andrew to the Vunani Group and our partnership with him to build an advisory and investment capability in Zimbabwe.
“The indigenisation and empowerment process in Zimbabwe presents an opportunity to Vunani to advise our clients in South Africa and elsewhere on commercially acceptable solutions to indigenisation requirements in that country. We are well versed with empowerment deal structuring and capital-raising in South Africa and would like to utilise this experience in playing a meaningful role in Zimbabwe,” he said.