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Cambria Africa to grow Payserv through new financing

Cambria Africa to grow Payserv through new financing

Zimbabwe-focused Cambria Africa has unveiled an “innovative” financing, aimed at growing its payments subsidiary, Payserv. The deal reinforces and makes more transparent the value in Cambria’s portfolio – a value not fully reflected in its market cap, says Cambria. The company’s investment portfolio already spans hotels, value-added chemicals distribution and…

Foreign investors’ return boosts ZSE to record peak

Foreign investors’ return boosts ZSE to record peak

AFTER shunning Zimbabwe during its years of hyperinflation and political strife, foreign investors are finding the country increasingly attractive. Zimbabwe’s adoption of the US dollar, a new constitution that curbs presidential powers after 33 years of President Robert Mugabe’s rule, and cheap valuations are luring some foreign investors to its…