INDUSTRIALS & ENERGY

Masawara in $3,6 million profit

Africa-focused investment firm, Masawara Plc, has registered a $3,6 million profit in the half year to June 2017 up from $2,3 million in the same period in 2016. The group's insurance unit registered ...

By Staff reporter | Published: 10 January 2018
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FINANCIAL SERVICES

Masawara Insurance Group drives digital strategy

Insurance technology specialist SSP has signed a new deal with the Masawara Group of insurance companies. The deal has seen SSP Pure Insurance deployed across Botswana Insurance Company Limited, Lion ...

By Agencies | Published: 13 September 2017
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INDUSTRIALS & ENERGY

Masawara pins hope on Uganda

MASAWARA, a Zimbabwe-focused investment outfit, is banking on timeous disposal of its holding in Ugandan insurance firm, Lion Assurance Company, to defray its US$11 million long-term debt, part of whi...

By Staff reporter | Published: 07 August 2017
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INDUSTRIALS & ENERGY

Masawara profits surge by 167%

London-listed investment vehicle Masawara Plc (Masawara) recorded a 167 percent surge in profits to $16,1 million in the full year to December 2014 up from a loss of $10,8 million in the corresponding...

By Staff reporter | Published: 21 June 2015
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INDUSTRIALS & ENERGY

Masawara concludes TA takeover

Jersey-listed Masawara Plc (Masawara) has fully-acquired TA Holdings Limited (TA) after minority shareholders yesterday accepted the investment company's $0,25 share buyout offer price, businessdaily ...

By Staff reporter | Published: 07 June 2015
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INDUSTRIALS & ENERGY

Masawara sweetens TA offer

Shingai Mutasa's Masawara Plc (Masawara) has increased its offer to TA Holdings Limited (TA) minority shareholders by $0.05 to $0.25, as the investments group seeks to wholly takeover the latter.Recen...

By Staff reporter | Published: 07 June 2015
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INDUSTRIALS & ENERGY

Masawara in TA minorities buyout

Jersey-registered and London-listed Masawara is set to extend its control of Zimbabwe's largest holding company, TA Holdings by buying out minority shareholders in the group. Masawara - an investment ...

By Staff reporter | Published: 21 July 2014
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INDUSTRIALS & ENERGY

NIEEB wants Masawara's BP acquisition revoked

Zimbabwe wants locals to exclusively benefit from Masawara Plc's $39 million purchase of a stake in BP and Shell Marketing Services and may tear up the current financial arrangement if it fails to rea...

By Staff reporter | Published: 16 September 2013
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INDUSTRIALS & ENERGY

Mushayavanhu secures $24m to acquire 51% in Masawara Plc's energy portfolio

Local firm Woble Investments, owned by businessman and banker Mr John Mushayavanhu, has managed to secure US$24 million funding that was needed to acquire a controlling 51 percent in Masawara Plc's e...

By Business reporter | Published: 25 August 2013
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FINANCIAL SERVICES

Aon Zimbabwe rebrands

Insurance company Aon Holdings Limited will rebrand to Minerva Holdings following the successful acquisition of the company by Masawara Mauritius Limited. A source close to the development said follow...

By Business reporter | Published: 20 August 2013
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INDUSTRIALS & ENERGY

Sludge in Masawara oil deal

Just as there was drama and intrigue when Masawara acquired the former BP & Shell assets in 2010, last week's disposal of the same assets continues to court controversy after a Mauritian joint ve...

By Business reporter | Published: 22 July 2013
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