High prospects for private equity

ZIMBABWE’S capital-starved firms present investment opportunities for private equity, a local wealth management firm has said.
A highly-volatile economic environment headlined by high inflation and currency fluctuations, has kept both domestic and foreign lending to the private sector at a minimum.

According to the Reserve Bank of Zimbabwe (RBZ), most local banks have adopted a cautious approach to lending, especially in foreign currency, with the average prudential liquidity ratio for the sector remaining high at around 70 p