Harare - Zimbabwe will market the sale of state shares worth Z$6,73 billion (R1 billion), in companies ranging from the national telephone operator to a hotel company, in Britain and South Africa next month.
Jealous Chirove, a spokesman for the Privatisation Agency of Zimbabwe, said the state wanted to sell its shares in engineering group Astra, the Cotton Company of Zimbabwe, Posts and Telecommunications, Zimbabwe Financial Holdings, Zimbabwe Reinsurance, hotel operator Rainbow Tourism Group and Dairibord Zimbabwe.
Zimbabwe hopes to raise Z$22 billion this fiscal year through state asset sales to help finance Z$200 billion in debt and raise foreign exchange.
Chirove said the roadshows were aimed at British and South African investors, which could bring in technology and investment, and at Zimbabweans living abroad.
"Two of the government's major objectives under the privatisation programme are of raising foreign exchange and ensuring the participation of indigenous investors in the economy," an introduction to the roadshow programme said.