{"id":97876,"date":"2024-08-21T11:58:51","date_gmt":"2024-08-21T09:58:51","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/wealthaccess-bets-on-infrastructure-finance"},"modified":"2024-08-21T14:07:31","modified_gmt":"2024-08-21T12:07:31","slug":"wealthaccess-bets-on-infrastructure-finance","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/wealthaccess-bets-on-infrastructure-finance","title":{"rendered":"WealthAccess bets on infrastructure finance"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>WEALTHACCESS Investment Managers, an asset management firm, has taken a huge bet on infrastructure finance as it seeks to move away from the traditional fund management model, which is mainly focused on equities and properties.<\/p>\n

The firm has grown its fund to over US$100 million with a project pipeline covering rail, water, roads and energy infrastructure.<\/p>\n

WealthAccess was licensed in 2022 and the following year, it was majority-acquired by a Middle Eastern investment fund with interests in infrastructural development and investments.<\/p>\n

In an interview, chief executive Takudzwa Mhlanga said, while the strength and efficacy of Zimbabwe\u2019s asset management could not be questioned, WealthAccess was a targeted private equity fund, which would mainly play in the infrastructure space using the expertise within the company, its shareholders and private equity partners.<\/p>\n

\u201cWe have a strong focus in both finance and engineering and this gives us a technical advantage in our investment approach. We have as many engineers as we do finance people in our team,\u201d he said.<\/p>\n

Mhlanga was in the Middle East for the greater part of a decade, where he focused on energy and infrastructure investment.<\/p>\n

The firm is chaired by former Reserve Bank of Zimbabwe deputy governor Kupikile Mlambo, who also chairs the Infrastructure Development Bank of Zimbabwe, while other board members include banker Joe Matanga and commercial lawyer Rachael Chibaya.<\/p>\n

The company will soon rebrand to Rulethu Investment Managers to reflect the changes in its shareholding.<\/p>\n

Mhlanga said the firm aimed to \u201cunleash the potential of infrastructure financing in Zimbabwe\u201d by investing in companies and projects that drive infrastructural development.<\/p>\n

\u201cThis actually involves strategic holdings in primary industry and trading. Generally, infrastructure funding has long-term performance and is a resilient asset class even in economic downturns,\u201d he said.<\/p>\n

\u201cThe long-term nature of infrastructure assets, with long-term contracts, would ride out any volatility and would be in a strong position when normalcy returns.\u201d<\/p>\n

To fund infrastructure, typically central governments and local authorities are able to raise debt that is meant to be paid back over 30-40 years.<\/p>\n

This way, the cost of roads, energy, rail and water infrastructure is broken down over a long period and is, therefore, more bearable.<\/p>\n

This is how other countries are able to build.<\/p>\n

\u201cHowever, a lot of African governments, including Zimbabwe, do not have this ability, thus a lot of the infrastructure we see is funded in the same financial period it is executed. It is painful to the government, the taxpayer, ratepayer and we wish to fill this gap,\u201d Mhlanga said.<\/p>\n

For More News And Analysis About Zimbabwe Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. WEALTHACCESS Investment Managers, an asset management firm, has taken a huge bet on infrastructure finance as it seeks to move away from the traditional fund management model, which is mainly focused on equities and properties. The firm has grown its fund to over US$100 million with a project pipeline covering rail, water, […]<\/p>\n","protected":false},"author":84,"featured_media":97875,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[19],"class_list":{"0":"post-97876","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-zimbabwe"},"yoast_head":"\nWealthAccess bets on infrastructure finance - zimbabwe<\/title>\n<meta name=\"description\" content=\"WEALTHACCESS Investment Managers, an asset management firm, has taken a huge bet on infrastructure finance as it seeks t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/wealthaccess-bets-on-infrastructure-finance\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WealthAccess bets on infrastructure finance\" \/>\n<meta property=\"og:description\" content=\"WEALTHACCESS Investment Managers, an asset management firm, has taken a huge bet on infrastructure finance as it seeks t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/wealthaccess-bets-on-infrastructure-finance\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-21T09:58:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-21T12:07:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/08\/sm_1724229399.096645.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/wealthaccess-bets-on-infrastructure-finance\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/wealthaccess-bets-on-infrastructure-finance\",\"name\":\"WealthAccess bets on infrastructure finance - 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