News Update as @ 1530 hours, Thursday 8 January 2015

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Mwana seeks to end dispute with shareholder and non-executive director

*But CIMGC, Ning to file amended petition that also seeks to chal-lenge the appointments of Ngoni Kudenga and Herbert Mashanyare to the Mwana board

By Tawanda Musarurwa

Regional mining conglomerate Mwana Africa Plc says willing to work with 'substantial' shareholder China Inter-national Mining Group Corporation and one of its non-executive directors, Yat Hoi Ning to resolve a dispute with the pair.

CIMGC and Ning early last month filed a petition at the High Court of Justice, Companies Court in London, against the company.

The petition alleged that the passing of Resolution 3 at the company’s annual general meeting on September 10,

which related to the re-appointment of Stuart Morris as a director of the com-pany, was not validly passed.

CIMGC and Ning hold a 21,4 percent and 7,6 percent interest in Mwana Africa, respectively.

But after a hearing at the Companies

Court early yesterday, Mwana said it was prepared to work with the par-ties in question to reach a "mutually acceptable resolution".

The mining giant however also said it was prepared to "defend its position" if need be. "The Company’s position remains unchanged in respect of these court proceedings. Whilst it will con-tinue to attempt to work with the Peti-tioners to achieve a mutually accept-able resolution to their complaints, the Company will defend its position vigor-ously in court if required," said Mwana in a statement.

Mwana believes that it did no wrong in the process that resulted in the re-ap-pointment of Morris as a director of the company.

The group said in a statement on

December 9 - as it had stated before-hand - that the votes of CIMGC and its associates were not counted in the poll and were deemed inadmissible because the votes, as cast, infringed the relationship agreement entered into with the company in April 2012.

Yesterday's court hearing determined a trial window. Mwana confirmed that a trial to review the petition brought against the company will take place sometime between November 1 2015 and February 1 2016. And that the dis-puting parties will return to court later this month to fix the trial date.

"Mwana announces that at the hear-ing held earlier today at the Compa-nies Court in respect of the matter brought by China International Mining Group Corporation (“CIMGC”), a sub-stantial shareholder in Mwana, and Mr

By Rumbidzayi Zinyuke

The country’s national payment system continues to be dominated by trans-actions processed through Real Time Gross Settlement (RTGS) which grew by 7 percent in November, figures from the Reserve Bank of Zimbabwe show.

According to the central bank’s monthly economic review for Novem-ber, the value of transactions processed through RTGS increased to $4,1 billion percent from $3,8 billion recorded in October.

“In volume terms, total transactions

registered a decrease of 14 percent from 200 323 to 171 446 during the same period,” the RBZ said.

The total value of card based transac-tions were lower at $331,71 million in November 2014, compared to $441,77 million in October 2014.

Mobile and internet based transactions for the month of November declined from $479,70 million in October 2014, to $279,52 million.

The central bank said the period under review also saw the value of cheque transactions fall to $11.40 million in

November from $13,58 million in Octo-ber.

Annual broad money rose to 15,98 percent in November from 12,79 percent in October, the highest such annual increase in nearly two years.

In absolute terms, broad money rose from $3,8 billion in November 2013 to $4,4 billion in November 2014.

“The growth in broad money was driven by increases across all deposit classes, with the exception of short term deposits,” the central bank said.

Long term deposits also registered the largest annual growth of 45,82 per-cent in November 2014 while savings, demand, and short term deposits, recorded increases of 24,11 percent and 11,34 percent respectively.

Short term deposits, however, declined by 0,8 percent over the same period.

Treasury bills issuances registered a 147, 83 percent annual growth driv-ing net credit to Government which increased by 39,37 percent. Credit to the private sector registered an increase of 3,4 percent. •

RTGS transactions grow 7 percent

2 News

Yat Hoi Ning, a Non-Executive Director and associate of CIMGC, (together the “Petitioners”) against the Company and two of its non-executive directors, Mr Stuart Morris and Mr Johan Botha, initial directions were laid down for the future conduct of the petition includ-ing the setting of a trial window of 3 months from 1 November 2015. The parties will return to court later this month to fix the trial date."

In addition, the group said it had given leave to the petitioners to file an amended petition that also seeks to challenge the appointments of Ngoni Kudenga and Herbert Mashanyare as non-executive directors of the com-pany.

The appointments of Kudenga and Mashanyare were announced on the 10th of last month.

Mwana Africa is a pan-African, mul-ti-commodity resources company focused on the production, develop-ment and exploration of gold, nickel, copper and diamonds. In Zimbabwe, the group has an 85 percent interest in Freda Rebecca Gold Mine and a 75,4 percent interest in Bindura Nickel Cor-poration. •

BrEaking nEws: Allied Bank surrenders banking licence

Our sources say Allied Bank has surrendered its banking licence to the Reserve Bank of Zimbabwe. Confirmation from the central bank could not be obtained by the time of pub-lishing. Watch this space for more details.....

By Rumbidzayi Zinyuke

Annual gold production at Gwan-da-based Blanket mine recorded a 8,1 percent decline to 41,836 ounces from 45,527 ounces recorded in 2013.

The figure was however 4.6 percent higher than the company’s production targets of 40,000 ounces for 2014.

The firm, which is 49 percent owned by Toronto Stock Exchange listed Cal-edonia Mining Corporation, produced 10,482 ounces of gold in the fourth quarter of 2014, representing a 8.3 per cent decrease on the gold produced in Q4 2013 at 11,429 ounces and a 6 per-cent increase on the gold produced in Q3 2014 totaling 9,890 ounces.

Caledonia chief executive Steve Curtis said the 2014 output had been affected by the lower grade and underground infrastructure constraints.

“I expect that production in 2015 will be marginally higher than production in 2014. I am confident that the revised investment plan, which was announced on November 3, 2014, will result in progressive increases in production from 2016 onwards when we expect to see the first production from below 750

meters - initially from the No. 6 Winze and subsequently from the Central shaft,” he said.

Last year, Caledonia announced plans to invest $70 million to expand oper-ations at Blanket Mine between this year and 2020 in the company’s revised investment plan and produc-tion projections for the mine. Under the plan, Blanket is expected to produce between 70-75 000 ounces of gold per annum by 2021.

The Revised Plan is expected to improve the underground infrastruc-ture and logistics at the mine and allow an efficient and sustainable produc-

tion buildup. The revised plan will also improve Blanket’s long term opera-tional efficiency, flexibility and sustain-ability.

For 2015, the company said it is tar-geting production of around 42,000 ounces of the yellow metal.

The firm also expects its financial results for the quarter and year to December 31, 2014 will be released on March 31, 2015.

On Tuesday, the miner declared a quar-terly dividend of one and a half Cana-dian cents (C$0.015), its fifth quarterly payment. •

3 News

Blanket Mine production declines

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BH24

55 BH24

Zimplats said it would implement a new mining method at its Bimha shaft and added that it was closely monitor-ing how it went about exploiting two other projects following a collapse of ground at Bimha last year.

Alex Mhembere, CEO of Zimplats, said in an interview that extraction ratios would be affected at Bimha when it restarted production. The head grade would be unaffected.

“We will have to embark on a new min-ing method," said Mhembere. "It will still be board-and-pillar [method], but it will be different in terms of the pil-

lar sizes, and the size of the stopping areas. We are evaluating the extent of the blast."

Zimplats said in December that a study carried out by consultants after the col-lapse of the mine had concluded that it was feasible to re-develop Bimha mine, its biggest, "along strike, 30 meters above the current footprint".

Although the other mines had been marked as safe from the ground sup-port problems that affected Bimha, Mhembere said the Mupfuti mine and the P5 replacement mine project – which are in close proximity to Bimha

– are now being monitored and evalu-ated to ensure they sustainable safety.

Zimplats is a 270,000 platinum ounce a year producer in which Johannes-burg-listed Impala Platinum has an 87 percent stake. The ground support problems at Bimha resulted in the loss of an estimated 70,000 ounces from its 2015 target of about 240,000 ounces.

Zimplats will present its half year update to the end of December at the end of this month.

Mhembere, who is also chamber of mines president, said the higher cost

of electricity miners were incurring in Zimbabwe was aimed at guaranteeing power supplies. Miners such as Zim-plats have a deal, running until 2017, with the Zimbabwean state power company to import electricity straight from Cahora Bassa which is more expensive.

“We have an arrangement with ZESA were we import power from Hydro Cahora Bassa in Mozambique. That arrangement is still in place up to 2017 and we are getting sufficient power for our current requirements,” he said. - Miningmx.com •

66 News

Zimplats' Bimha mine to adopt new mining method

By Funny Hudzerema

16 400 new tobacco growers have reg-istered for the 2015 growing season to date, with the majority of them (10 049) being communal farmers, accord-ing to the Tobacco Industry and Mar-keting Board (TIMB).

Latest statistics from the TIMB show that Mashonaland West has recorded the highest number of new tobacco growers with 5 798 having registered for the current growing season while

Matabeleland has the least, with a total of only seven new registered growers.

Mashonaland Central recorded a total of 4 565 new tobacco growers occu-pying the second position while 2 910 new tobacco registered growers were recorded in Mashonaland East.

Manicaland recorded a total of 2 754 new registered growers while Midlands recorded a total of 201 new tobacco growers. Masvingo recorded a total of 167 new tobacco growers.There has

been a marginal 2,5 percent increase in the total number of farmers produc-ing the golden leaf this season from last season.

According to TIMB, 88 167 growers have registered for 2015 season as compared to 86 006 who had regis-tered by the same period last year.

The majority of these growers are communal farmers at 40 869 followed by A1 farmers at 32 236 while A2 recorded a total of 7 839 registered

tobacco growers for 2015 season.

However, small-scale commercial tobacco growers remain rather low, with a total of 6 908 having registered for this season.

The 2,5 percent growth in total reg-istered tobacco producers should be reflected in an increase in the total output for this season from last sea-son, which was the highest in over a decade. •

Tobacco production goes communal

BH24

Funding remains a key challenge in Zimbabwe, especially for business and industry.

But it is not simply a problem of not having adequate funding for the econ-omy, either from multi-lateral lenders or from Foreign Direct Investment (FDI).

It is also one of confidence in the econ-omy. We are convinced that as con-fidence rises in the economy, more flexible lending policies may come into stream.

It is in the interest of the banking industry to place a lot of faith in the local entrepreneurs by giving them the support they need to move forward.

Current lending policies discriminate against new and small businesses and this is certainly not in the interest of the broader economy.

Foreign companies that come to do business in Zimbabwe obtain loans in their respective countries at next to no interest if at all.

This gives them an unfair advantage over indigenous firms.

It is important that more effort be made to make sure that local busi-nesses become competitive, otherwise indigenous firms do not stand a chance against foreign firms.

It is also apparent then that current lending policies of the majority of local

banks discriminate against new and small businesses.

It's simply a result of a lack of confi-dence in the small-to-medium enter-prises (SMEs) sector.

This cannot be in the wider interest of

the nation.

And considering that SMEs are a sig-nificant component of the Zimbabwean economic milieu, it means then that the inflexible state of banks’ lending polices is hurting the economy.

It is therefore important that local financial institutions relax their lending policies as a means to boost small busi-nesses’ access to loans and resultantly raise their competitiveness.

Zimbabwean banks’ proclivity not to lend to smaller enterprises is also acting to constrain money supply into some critical sectors of the economy.

Hence from a broader perspective, it is in the interest of the banking industry as well to place a lot of faith in the local entrepreneurs by giving them the sup-port they need to move forward.

By efficiently funding SMEs, banks will be acting to ramp up money supply into most of the critical sectors of the economy, insofar as SMEs are to be found in most sectors of the local econ-omy including the absolutely critical mining, tourism, and manufacturing sectors. •

8 BH24 COMMENT

Banks should have more confidence in indigenous businesses

The Zimbabwe stock exchange ended a five day losing streak as gains in Delta, Edgars and Seedco spurred the industrial index.

The mainstream index gained 0.42 points to close at 161.01 points. Delta traded 2 cents higher to close at 104 cents and Edgars moved up by 0.60 cents to settle at 9 cents. Seedco added 0.50 cents to 97.50 cents and Mash holdings was up by 0.10 cents to close at 2.80 cents.

On the downside, OK Zimbabwe dropped 1.50 cents to 10 cents whilst Econet and Medtech both lost 0.01 cents to trade at 60 cents and 0.02 cents respectively.

Volumes were buoyed by trades in Econet, Delta and Seedco and the value of trades was $1.566 million.

The mining index eased 1.80 points to close at 66.31 points after Bind-ura went down by 0.20 cents to close at 5.80 cents. Falgold, Hwange and

RioZim were unchanged at 3 cents, 4.80 cents and 15 cents respectively.

― BH24 Reporter •

9 ZSE REVIEW

Bourse records first gain of 2015

REGIONAL NEWS 10

The rand weakened on Thursday, but local bonds continued to draw buyers, as investors' aversion for riskier yet higher yielding assets eased following weak inflation figures in the eurozone.

As of 0625 GMT, the rand had softened 0.08 percent to 11.6895 per dollar, remaining in a tight and likely to firm with some market watchers anticipating a correction in the high-flying dollar.

Data on Wednesday showed the euro

zone slipped into deflation in 2014, for the first time since 2009, increasing the likelihood of the European Central Bank

printing money in a bid to stimulate eco-nomic activity.

Riskier emerging market assets were buoyed by the euro zone's woes, as well a pause in the slide of global oil prices, as investors sought higher yields, par-ticularly in fixed income assets.

"Low oil means low inflation, means a stagnant global economic growth belief, means lower interest rates, means you gotta love South Africa's lucrative gov-

ernment bond yields," said Warrick But-ler of Standard Bank in a note.

The yield on the benchmark govern-ment paper due in 2026 went to a fresh 1-month low early on Thursday at 7.715 percent, so far shedding 17 basis points in 2015.

In local data, South Africa's Chamber of Commerce and Industry (SACCI) pub-lishes its December business confidence index at 0730 GMT. - Reuters •

South Africa's rand slightly weaker but bonds buoyed by euro zone woes

Tanzania current account deficit for Jan-Oct widens 2.1 pct y/y

Tanzania's current account deficit wid-ened by 2.1 percent in the year to Octo-ber despite an increase in exports, after the country received less aid and fewer loans, its central bank said on Thursday.

The current account deficit expanded to $4.683 billion in the year to Octo-ber from $4.588 billion in the same period last year. "The widening of the deficit was driven by a fall in inflows of official current transfers, particularly those under the programme grants," the Bank of Tanzania said in its latest

monthly economic report.

Tanzania is one of Africa's biggest per capita aid recipients. A group of interna-tional donors said in October they would pay outstanding pledges of budget sup-port worth almost $500 million only if the government took appropriate action against graft allegations in the energy sector.

For the first 10 months of 2014, "the overall balance of payments registered a deficit of $380.5 million compared with

a surplus of $546.7 million recorded in the year ending October 2013," said the central bank. Total exports of goods and services rose 3.3 percent to $8.6 billion, while the country's import bill for goods and services rose 1.3 percent to $13.445 billion.

Tourism, the country's top foreign exchange earner, fetched $1.96 billion in the year to October from $1.79 billion previously. The rise was due to more visitors arriving.

Gold export earnings continued to slide, falling to $1.35 billion from $1.74 billion previously on lower output and declining world prices.

Tanzania is the continent's fourth-larg-est gold producer after South Africa, Ghana and Mali.

Gross official foreign exchange reserves held by the central bank fell to $4.26 billion in the year to October, or about four months of import cover, from $4.65 billion a year ago. - Reuters •

11 DIARY OF EVENTS

The black arrow indicate level of load shedding across the country.

POWER GENERATION STATS

Gen Station

6January 14

Energy

(Megawatts)

Hwange 525 MW

Kariba 614 MW

Harare 30 MW

Munyati 30MW

Bulawayo 22 MW

Imports 0 MW

Total 1 221 MW

12 January 2015 - CBZ Extraordinary General Meeting; Place: CBZ Wealth Management Centre, Pomona;

Time: 08:30am

THE BH24 DIARY

12 ZSE

ZsEMOVERS CHANGE TODAY PRICE USC SHAKERS CHANGE TODAY PRICE USC

EDGARS 7.14% 9.00 MEDTECH -33.33% 0.02

MASH HOLDINGS 3.70% 2.80 OK ZIMBABWE -13.04% 10.00

DELTA 1.96% 104.00 BNC -3.33% 5.80

SEED CO 0.52% 97.50 ECONET -0.02% 60.00

indicesINDEx PREVIOUS TODAY MOVE CHANGE

INDUSTRIAL 160.59 161.01 +0.42 POINTS +0.26%

MINING 68.11 66.31 +1.80 POINTS +2.64%

Stocks Exchange

13 AFRICA STOCKS

Botswana 8,664.65 -11.96 -0.14% 12July

Cote dIvoire 256.50 -1.58 -0.61% 02Jan

Egypt 8,942.65 +16.07 +0.18% 04Jan

Ghana 2,287.32 +26.30 +1.16% 02Jan

Kenya 5,117.43 +4.78 +0.09% 02Jan

Malawi 14,886.12 +0.00 +0.00% 02Jan

Mauritius 6,795.35 +24.31 +0.36% 31Dec

Morocco 9,643.19 +23.08 +0.24% 02Jan

Nigeria 34,657.15 -27.17 -0.08% 31Dec

Rwanda 143.39 +0.20 +0.14% 02Oct

Tanzania 2,602.19 -30.74 -1.17% 28Oct

Tunisia 4,624.39 -39.32 -0.84% 07Mar

Uganda 1,942.77 -12.69 -0.65% 10Dec

Zambia 6,160.66 +12.17 +0.20% 31Dec

Zimbabwe 162.57 -0.22 -0.14% 02Jan

African stock round up Commodity Prices

Name Price

Crude Oil 1,300.91 -0.21%

Spot Gold USD/oz 1,292.63 -0.26%

Spot Silver USD/oz 19.38 -0.46%

Spot Platinum USD/oz 1,421.25 -0.33%

Spot Palladium USD/oz 798.50 -0.64%

LME Copper USD/t 6,770 -0.18%

LME Aluminium USD/t 1,780 -1.17%

LME Nickel USD/t 18,230 -1.73%

LME Lead USD/t 2,095 -1.41%

Quote of the day — "To BE suc-cEssFul, ThE FirsT Thing To do is Fall in lovE wiTh your work." - SiSter MaryLauretta

Globalshareholder.com

14 INTERNATIONAL NEWS

Oil held gains after a rebound from the lowest price since April 2009 as inves-tors weighed whether the sell-off was excessive amid speculation that U.S. production growth may slow.

Futures were little changed in New York after rising 1.5 percent yesterday. The market has almost bottomed out with “some recovery” possible by the second half of the year, according to Andrew J. Hall, a commodity hedge fund manager. Credit Suisse Group AG cut its forecast for this year’s increase in U.S. crude output by 500,000 bar-rels a day.

Oil’s collapse has been so rapid and so driven by sentiment that forecasters from Bank of America Corp. to UBS AG say there are no clear signs of when the rout will end. The U.S. is pumping the most crude in more than three dec-ades as horizontal drilling and hydraulic fracturing unlock shale reserves, add-ing to a global supply glut that Qatar estimates at 2 million barrels a day.

“It’s no longer a one-way bet,” Gor-don Kwan, the Hong Kong-based head of regional oil and gas research at

Nomura Holdings Inc., said by phone today. “People finally realized that oil prices have been oversold. This should be a technical rebound, but I don’t think it will bring us to above $60.”

WTI for February delivery was at $48.61 a barrel in electronic trading on the New York Mercantile Exchange, down 4 cents, at 3:25 p.m. Singapore time. The contract increased 72 cents to $48.65 yesterday. The volume of all futures traded was about 37 percent above the 100-day average.

‘Trading Opportunities’

Brent for February settlement was 14 cents lower at $51.01 a barrel on the

London-based ICE Futures Europe exchange. It climbed 5 cents to $51.15 yesterday. The European benchmark crude traded at a premium of $2.43 to WTI.

Current prices aren’t sustainable in the long term and there may be “attractive trading opportunities” over the coming 12 months, Hall, the head of Astenbeck Capital Management, wrote in a Jan. 2 letter to investors obtained by Bloomb-erg News. Oil will remain under pres-sure this year, according to the letter.

Implied volatility for at-the-money options in the front-month WTI con-tract advanced to 60.2 percent this week, the highest level in more than three years, data compiled by Bloomb-erg show. It’s about 48 percent today, while Brent’s volatility is near 45 per-cent.

Production Growth

U.S. output expanded to 9.14 million a day through Dec. 12, the highest level in weekly data from the Energy Information Administration that started in January 1983. Growth may slow by

800,000 barrels a day in 2016 com-pared with its previous estimate, David Hewitt, the co-head of global oil and gas equity research at Credit Suisse, said at an investor conference in Sin-gapore today.

Credit Suisse had previously expected U.S. production to accelerate by 1.3 million barrels a day in 2015, and 1.4 million next year, he said. Brent crude will average $75 a barrel this year and $80 in 2016, according to Hewitt.

Crude stockpiles shrank by 3.06 million barrels to 382.4 million in the week ended Jan. 2, reported the EIA, Energy Department’s statistical arm. A median increase of 700,000 barrels was pro-jected in a Bloomberg survey of nine analysts.

The nation’s crude exports climbed 34 percent to 502,000 barrels a day in November, the most in records dating back to 1920, data from the Census Bureau and the EIA show. Lawmak-ers in Washington are seeking to end a 40-year-old law that restricts crude sales to just a few overseas markets. — Bloomberg •

Oil holds gains after rebound as U.S. output growth seen slowing

By Nigel Gambanga

Just yesterday we were talking about recharge.co.zw, the online workaround for buying ZESA prepaid electricity that lets you use your EcoCash and Telecash mobile wallets as well as options like VISA and Zimswitch.

It turns out that there’s another solu-tion similar to this called ZymPay. Unlike recharge.co.zw, Zympay is targeted at the diaspora, where Zimbabweans who handle bill payments like ZESA for folks back home have to remit money to a recipient who will process the payment.

This conventional route means passing the funds through money remittance agents like Western Union or World Remit which has a cost attached to it and makes the process a lot longer.

Zympay on the other hand allows a user to handle the purchase of the ZESA credits online via credit card. The recharge PIN is sent to the user via SMS and from there it's just a matter of for-warding it to the Zimbabwean user. The transaction costs £1.99 and the service is currently for UK residents only.

Just like recharge.co.zw the system is an impressive way to beat the hassles

of lining up for ZESA prepaid tokens but more importantly it has a value propo-sition for UK based Zimbabweans that have to handle obligations like ZESA for loved ones at home.

Besides dodging high remittance costs there’s the comfort of knowing that you haven’t passed on money to a third party that might not always have the sincerest intention with your remit-tances.

This is the same value proposition that has been offered by services like insur-ance aggregator Zimselector which allows Zimbabweans around the world to compare and buy insurance products for local assets.

So who is ZymPay?

The UK based Zympay is the latest entrant in the Zimbabwe focused mon-ey-remittances market. According to information from its site this enterprise has been involved in foreign currency service (Zymtravel) and is the pay-ments facility for Zimnat Life's Diaspora Funeral Cash Plan. The plan is to wade into full frontal remittance services this year.

Its ZESA payment service has taken

centre stage and comes off as the lead service for Zympay Advantage. This Advantage is a service suite that lets UK based customers pay for products and services locally like rents, insurance and utility bills, all the while avoiding expen-sive money transfer fees.

The money is in the diaspora, not formal remmitances

All things being said, Zympay is coming in with a smart model to cut into the remittances market. Despite the focus on ZESA prepaid the bigger play here is handling the many forms of remittances that are being channeled from the UK to Zimbabwe. ZESA bills are just one of the many obligations that the diaspora takes care of for their Zimbabwean kin.

With a reliable platform that offers a cheaper way to send the money home anyway (paying does it better than sending it as cash) there is a huge mar-ket to tap into for Zymstay or anyone who seizes the opportunity.

Latest reports are that diaspora remit-tances dropped to $900 million in 2014 from $2.1 billion and $1.8 billion in 2012 and 2013, respectively. According to the National Budget this figure is expected to drop to $840 million this year.

All this is happening in the face of more money transfer agencies, something that some believe indicates how the diaspora is avoiding expensive formal channels of remittances. Which means that anyone with a cheaper alternative for moving money across borders either as money or as a payment will tap into a very lucrative market.

This model looks beyond the traditional remittance angle that EcoCash and Tel-eCash were scrambling for from the end of 2013 and well into 2014. That’s not to say that there’s no money there. A billion dollar market cannot be ignored after all.

However the realities are that the formal remittances pie is shrinking and where the money is vanishing to is where the market should look.

Perhaps NetOne should look at expand-ing its OneWallet along the same ZESA payments angle and pivot from there into a larger force in mobile money related remittances? Or even better still, any entrepreneur that understands a business which handles a lot of funds from the diaspora can set up his own platform, without any mobile network. - TechZim •

15 aNalysis

Selling ZESA prepaid from the UK: How Zympay is disrupting money remittances

15 ANALYSIS