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Caledonia Mining Plc is set to list on the Victoria Falls Stock Exchange. VFEX trades exclusively in US-denominated securities. [Photo/ Caledonia Mining Plc]

Caledonia Mining to list on Victoria Falls Stock Exchange in December

Investing

The pre-listing statement specifies that the VFEX listing is a secondary one and will be done by way of the introduction of depository receipts representing the company’s shares that cannot be directly traded in Zimbabwe as its primary listing is on the respectively.
Investopedia defines a depositary receipt as “a negotiable certificate issued by a bank representing shares in a foreign company traded on a local stock exchange. The depositary receipt gives investors the opportunity to hold shares in the equity of foreign countries and gives them an alternative to trading on an international market.”
A depositary receipt allows investors to hold shares in stocks of companies listed on exchanges in foreign countries. It avoids the need to trade directly with the stock exchange in the foreign market. Instead, investors transact with a major financial institution within their home country, which typically reduces fees and is far more convenient than …

Diageo has committed to invest £180 million (US$217million) in renewable energy resources across its African sites in a move to ensure its breweries are the most carbon and water efficient. The investment will touch 11 of Diageo’s African brewing sites where it will deliver new solar energy, biomass power and water recovery initiatives. Meanwhile, the Diageo Africa Business Service Centre (ABSC) has announced a review and re-organisation which will significantly alter its structure, with Nairobi being affected.

How Diageo plans to invest in Africa, restructure business

Africa

Diageo has committed to invest £180 million (US$217million) in renewable energy resources across its African sites, the British multinational alcoholic beverages company has announced.

According to the world’s second largest distiller, the move is to ensure its breweries are the most carbon and water efficient.

This commitment represents Diageo’s largest environmental investment in a decade confirming its commitment to reducing its carbon footprint and addressing climate change.

READ ALSO:How KBL’s water savings are quenching communities’ thirst

The investment will touch 11 of Diageo’s African brewing sites where it will deliver new solar energy, biomass power and water recovery initiatives.

It is also targeting to bring new infrastructure designed to improve the long-term sustainability of Diageo’s African supply chain in seven countries.

“We believe this is one of the biggest single investments in addressing climate change issues across multiple sub Saharan markets. It demonstrates the strength of our commitment to …