LonZim PLC

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LonZim Plc (LonZim) is an investment company with a diverse portfolio of investments in Zimbabwe and the Beira Corridor in Mozambique. The Company’s investment objective is to provide shareholders with long-term capital opportunities through the investment of its capital in Zimbabwe and the Beira Corridor. The Company may make investments in the tourism, accommodation, infrastructure, transport, commercial and residential property, technology, communications, manufacturing, retail, services, leisure, agricultural and natural resources sectors. The Company may also make investments in businesses outside Zimbabwe that have a majority of their operations within Zimbabwe. The Company’s interest in a proposed investment or acquisition may range from a minority position to full ownership.

Website:
http://www.lonzim.co.uk/
Phone:
+44 (0)207 016 5106
Address:
2nd Floor, 25 Berkeley Square, London W1J 6HB.
Super Sector:
General Financial
Sector:
Equity Investment Instruments
Industry:
Equity Investment Instruments
EPIC / Symbols:
LON:LZM

Sector: Equity Investment Instruments

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Current Statement

Playing an integral role in the revival of Zimbabwe

LonZim Plc will be a long term active investment company, building a portfolio of investments primarily in Zimbabwe, which may benefit from any radical future improvement of the Zimbabwean economy over the longer term. The Company may also make investments in business outside Zimbabwe with operations within Zimbabwe and in that part of Mozambique known as the Beira Corridor, which links Zimbabwe to the coast.

The Company will target investments which may benefit from a significant improvement in the Zimbabwean economy, with a focus on sectors with a potential for rapid recovery.

 

 

CLICK HERE to view LonZim's Investment Strategy

Current Operations

Celsys Limited

Celsys Limited is listed on the Zimbabwe Stock Exchange and comprises of four operating divisions.



Paynet

Paynet owns and operates an Electronic Funds Transfer (EFT) system that automates the process of companies transmitting bulk payment instructions to their corresponding Financial Institution (FI).  This creates a very cost-effective and efficient means of transferring funds which has contributed greatly to the rapid success of Paynet in the past few years, particularly as more basic manual fund transfer methods have become more expensive and error-ridden.  The transactions transmitted by this means include salary transfers, supplier / trade payments, direct debits and statements. (Read More)


Millpal

Gardoserve (Pvt) Limited t/a Millpal Chemicals has been supplying chemicals to industry in Zimbabwe for over 20 years.

As one of the country’s largest blenders of ethanol based products, Millpal enjoys close and longstanding relationships with the major players in the automotive and textile industries.

The company also manufactures a range of industrial and household cleaning products and has recently entered the lucrative and strategically important regional export markets for the supply of thinners, methylated spirits and industrial cleaning solutions.


Leopard Rock Hotel

One of the best known hotels in Zimbabwe, and one of the best known in the Southern African region, the Leopard Rock Hotel is set in the scenic Vumba Mountains 32km from Mutare and approximately 220km South East of Harare. The hotel is located in an area of outstanding national beauty in the Eastern Highlands of Zimbabwe, a well know tourist destination in the country. (Read More)



Medsure

LonZim Plc  has entered into an agreement to establish a new company which will import, wholesale and distribute pharmaceutical products in Zimbabwe.

Zimbabwe historically had a very robust healthcare system, with one of the highest percentages of the population being immunised in Africa. However, the sector has been devastated by the recent hyperinflationary economy. One of the challenges faced by the Zimbabwean health care system today is the lack of a reliable supply of medical equipment and pharmaceutical products crucially needed to support health care services.

The new company will supply public and private hospitals and retail pharmacies with the essential drugs and equipment to allow the level of healthcare service to improve in Zimbabwe. Products will range from pre-filled immunization syringes through to complex theatre packs; radiology equipment; specialist pharmaceuticals and chronic medication. The new company will negotiate distribution agreements for several international pharmaceutical brands. (Read More)

ForgetMeNot Africa

ForgetMeNot Africa Ltd. is a "software as a service" (SaaS) company specialising in unified messaging that supports seamless interoperability between SMS, email, social networking and Instant Messaging clients for telecommunications operators.  The core product is Message Optimiser which allows telecom operators to immediately provide cost-effective comprehensive unified messaging services to all of their customers without any upgrades to the device or any need for downloading new applications onto the device. This opens up a range of previously inaccessible services to many of their customers including 2-way email and 2-way instant messaging communication capability.(Read More)
Managment

David Lenigas - Chairman

Mr. Lenigas holds a Bachelor of Applied Science in Mining Engineering. He has extensive experience operating in the public company environment and is currently the Executive Chairman of Lonrho Plc and is also Chairman of Leni Gas & Oil Plc, Chairman of Templar Minerals Limited, Chairman of Lonrho Mining Limited and is a non-executive Director of Global Coal Management Plc and Vatakoula Gold Mines Plc.

Geoffrey White -  Executive Director

 

Geoffrey White, 48 holds a BSc in Economics and Management Science.  He joined Lonrho Plc in early 2007 as COO, becoming CEO and a Director at the end of September 2007.

During his 25 year career he has held senior management roles with Thomas Tilling Plc, BTR Plc, Dee Corporation Plc, Asda Plc and latterly worked for five years for a private investment fund based in London.

He has been responsible for the planning, financing, development and managment of a range of projects in the leisure, industrial and natural resource sectors.  These projects include establishing joint ventures with international corporations such as Hilton Hotels International, Ford Motors (PAG), Praton International GmbH, FFS Refiners (pty) Ltd.

 


Emma Priestley, Executive Director

Ms. Priestley joined Lonrho Plc as an Executive Director after working in investment banking for 5 years following a career as a mining engineer. She has a background in in mining and financial services having worked with consultants IMC Mackay & Schnellman, investment bank CSFB, advisors VSA resources and, most recently, Ambrian Partners, where she worked as a corporate broker and advisor. Emma is a graduate of Camborne School of Mines, a Chartered Mining Engineer and Chartered Mineral Surveyor.

David Armstrong, Finance Director

David Armstrong (FCA), 44, is also Finance Director of Lonrho Plc. David brings with him extensive experience of operating across Africa having been, until October 2004, the Commercial Director of Diageo Africa with combined functional responsibility for finance, information systems, strategy and business development. David contributed to the successful deployment of Diageo's pan-African growth strategy, encompassing over 50 countries. More recently, he has been the COO of McArtherGlen in the UK and Europe.

Jean Ellis -  Finance Director

 

Jean Ellis was formerly the Finance Director of Lonrho Plc and the Company and is now also a Non-Executive Director of Lonrho Plc. She is a Chartered Accountant and Chartered Tax Advisor, and holds an Insolvency Practitioner's license.

Jean is a partner in the regional firm of Chartered Accountants, Duncan Sheard Glass, a role she has held since 2002. Prior to this, she was Group Financial Controller and Tax Manager with Lonrho Plc and holds a number of directorships for its subsidiary companies. Jean has a Batchelor of Arts Degree in Pure Mathematics from Liverpool University.

 

Paul Heber -  Non-Executive Director

Paul Heber is an investment manager and stockbroker with more than 20 years experience in global stock markets, following 3 years in the oil industry. Formerly with SGHambros, Nat West and WI Carr, he is now with bespoke boutique Savoy (with in excess of £1.2 bn of private and institutional funds under management), regulated by both the FSA in London and the FSB in Johannesburg. He has a broad pan-African clientele alongside his domestic UK, European and Bermudian business.


Paul Turner -  Non-Executive Director

Paul Turner is a qualified Accountant and past President of the Institute of Chartered Accountants of Zimbabwe. He is a highly respected and knowledgeable member of the Zimbabwean business community. He previously was a senior partner at Ernst & Young in Harare, Zimbabwe for over thirty years and brings an unparalleled level of experience in the structure and operation of businesses in Zimbabwe.

Ian Colin Orr-Ewing, Non-Executive Director

Mr Orr-Ewing is a graduate of Oxford University in Geography and has been involved in the natural resources sector for 35 years.  He began his career as an investment manager for the Shell Pension Fund in London after completing his education as a Certified Accountant.  His experience covers both the oil and mining industries and he has been a director of UK and Canadian oil companies and Irish and Canadian mining companies.  Currently, Mr Orr-Ewing also advises a fund management company on its natural resources portfolios.  Mr Orr-Ewing also has extensive experience in international financial affairs.  He was deeply involved in the oil industry from 1971 through to 1987 with numerous companies in the North Sea, Libya, Nigeria and Algeria.

For more information CLICK HERE

Corporate Information

 

Registrars

Capita Registrars (Isle of Man) Limited

3rd Floor Exchange House

54-62 Athol Street

Douglas

Isle of Man

IM1 1JD

Tel: +44 (0) 870 162 3100

 

Auditors

KPMG Audit Plc

Heritage Court

41 Athol Street

Douglas

Isle of Man

IM99 1HN

 

Registered Agent

Appleby Trust (Isle of Man) Limited

33-37 Athol Street

Douglas

Isle of Man

IM1 1LB

Tel: +44(0)1624 647647

 

Financial Advisors to the Company in Zimbabawe

Ernst & Young

Angwa City

Cnr Julius Nyerere Way / Kwame Nkrumah Ave

Harare

PO Box 702 or 62

Zimbabwe

 

Principal Group Bankers

Anglo Irish Corporation Plc

UK Corporate Treasury

10 Old Jewry

London

EC2R 8DN

 

Nominated Advisor and Broker

WH Ireland Limited

24 Martin Lane

London

EC4R 0DR

Tel: +44 (0) 20 7220 1666

 

Joint Broker

Renaissance Capital Limited

11th Floor, One Angel Court

Copthall Avenue

London

EC2R 7HJ

 

PR Advisors

Pelham Bell Pottinger

5th Floor

Holborn Gate

330 High Holborn

London

WC1V 7QD

Tel: +44 (0)20 7861 3232

Fax: +44 (0)20 7861 3233

 

Contact Information

 

LonZim Plc

2nd Floor

25 Berkeley Square

London

W1J 6HB

Tel: +44 (0) 207 016 5106

Fax: +44 (0) 207 016 5109

 

Major Shareholders

For investor information CLICK HERE

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