ABC bank, which is a banking group originating out of Zimbabwe, is also one of the companies that we have operating out of the IFSC. They too have been given two tax certificates, the first for a banking operation and the other certificate allows the bank to operate as a holding company that provides financial and other support services to its subsidiaries.
|AFRICAN EXPRESS INTERNATIONAL|
||ECONET WIRELESS GLOBAL LIMITED
Econet Wireless Global was approved as an IFSC Company by the IFSC Certification Committee at its sitting on 25 July 2003. Econet Wireless is an international mobile telecommunication business with interests in cellular networks in Nigeria, Lesotho, Botswana and New Zealand. They have established a Group Holding Company and Centralized Treasury Operation in the IFSC to support their expansion initiatives throughout the continent and beyond.
|ENTERPRISE BANKING GROUP|
||GLOBAL CREDIT RATINGS HOLDINGS
GCR Holdings Limited is the group holding company that has acquired and encapsulated all of GCR’s current African activities. These are primarily equity holdings in GCR Ltd. BVI, Nigeria, Mauritius and South Africa. The IFSC Company’s principal activity is to manage group expansion and control acquisitions and investments in rating businesses operating in identified emerging market economies. GCR Holdings Limited will also provide management support and professional services to subsidiaries and associate companies, on a fee basis.
GCR is the leading and rating agency in Africa with regional headquarters in Johannesburg, Harare, Nairobi and Lagos. It accounts for around 60% of all ratings accorded on the African continent and its subscriber base includes most of the leading local and international investors.
|LSG SKY CHEFS|
|SEED CO INTERNATIONAL LTD
Also out of Zimbabwe is Seed Co International, a seed manufacturing company, that has significant operations in several countries in sub-Saharan Africa, and that also trades its seeds as far north as Egypt. The IFSC Company that it has set up manages the financial affairs of these operations through a holding company and a group treasury structure.
|WILDERNESS SAFARIS (PTY) LTD
Wilderness Safaris (Pty) Limited was approved as an IFSC Company by the IFSC Certification Committee at its sitting on the 25 July 2003. Wilderness Safaris is a tourism operator that hosts exclusive up market safari tours in the Southern African region. They have set up an IFSC Group Treasury Operation to consolidate and therefore effectively manage their group funds.
|BERGSTAN (PTY) LTD|