Cornerstone Africa Group
CORNERSTONE AFRICA HOLDINGS GROUP LIMITED
Incorporated in the British Virgin Islands
Cornerstone Africa Holdings Group was founded and incorporated in the British Virgin Islands in 2018 under company number IBC#1999303 as an offshore investment holding group with a mandate to identify, invest and manage businesses in sub-Saharan Africa in order to add or unlock value. Our principal focus is in investments and wealth management with consideration being given to opportunities in energy, mining, real estate, technology and leather among other activities. The Group is a long term active investment company, building a portfolio of investments primarily in Sub Saharan Africa and focusing on businesses with growth potential. The Group targets investments which may have potential for rapid recovery.
STATEMENT FROM THE EXECUTIVE CHAIRMAN
The Board of Cornerstone Africa Holdings Group believes in the potential immense economic recovery and growth of the region as a central economic platform in Africa. The Group will concentrate on transactions that will benefit from the anticipated recovery of Southern African economies and Zimbabwe’s return to being one of the economic powerhouses of Africa.
Cornerstone Africa Holdings Group will seek partnerships with international blue chip institutional investors before seeking a listing on the international stock exchanges including the Luxembourg Stock Exchange. Operating companies will be across sub Saharan Africa while management will be based in Zimbabwe.
The Group will actively manage its multi-business operations in investments, wealth management, renewable energy, mining, technology and resources operating under the Group’s two major subsidiaries. There are plans for secondary listings on the Stock Exchanges in countries of operation to enable local private investors and institutions to become shareholders.
Our experienced and motivated management team based in Harare, is sensitive to regional issues and factors enabling timely decision taking. Management is committed to adding value to each of the businesses under our purview. Our style reflects our strategy and is tailored to meet the new competitive environment. We are a proactive management team in every area of our operations including our approach to technology and levels of staffing. We believe change must be seen as an opportunity not a threat and we are ready to take the steps necessary to implement positive and enduring change.
The region has been negatively affected by the global emerging market crisis, most notably with lower commodity prices which show little sign of recovery in the medium term.
Inappropriate domestic policies and currency decline has been a symptom of this international pressure. The COVID-19 pandemic which has ravaged the world has also impacted negatively on economies across sub Saharan Africa.
The Group continues to pursue outstanding investment opportunities which if they satisfy acquisition criteria and if completed, should considerably satisfy shareholder value.
F. D. MUKARAKATE
EXECUTIVE CHAIRMAN