Published: 02 September 2013

South African based company JM Busha Investments plans to set up an investment bank in the country.

Group managing director Mr Joseph Makamba Busha told New Ziana that the company would be engaging relevant authorities over the matter after the new cabinet is appointed.

"We are looking at a project worth over a million dollars.

The project has a capacity to create over 5 000 jobs over the next 10 years," he said.

"So once the new Government is in place, we are going to approach the Reserve Bank of Zimbabwe to negotiate for relevant licences," he added.

Mr Busha said most Zimbabweans had money but were not investing in the country, opting to channel their capital elsewhere.

JM Busha Investments has operations in South Africa and Zambia.

An investment bank is a financial institution that assists individuals, corporations, and governments in raising capital by underwriting and or acting as an agent in the issuance of securities.

- New Ziana

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