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HILBROY ADVISORY: ZIMBABWE'S ECONOMY NOT READY FOR ELECTIONS: CENTRAL BANK
HILBROY ADVISORY: ZIMBABWE'S ECONOMY NOT READY FOR ELECTIONS: CENTRAL BANK
Finance Minister Tendai Biti has indicated that the country cannot afford to hold elections, with election officials saying they would cost $400 million to conduct.
Montreal,
Quebec,
Canada
(prbd.net)
16/05/2011
Montreal, Quebec, May 13th, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports:
Zimbabwe's central bank chief Gideon Gono said Sunday the southern African country's economy cannot sustain an election.
"In deciding when and whether or not to hold elections, a fine balance may need to be struck between the twin objectives of politics and the economy," Gono told the state-run Sunday Mail.
"Key is to be decisive and not leave the economy in a state of guesswork for far too long. Zimbabwe is not the only destination crying for investment in a world not yet fully recovered from the global financial crisis," he said.
"Put differently, the economy favours no elections for now while political dynamics and imperatives may favour or dictate otherwise," he added.
Zimbabwe's economy has shown signs of recovery since President Robert Mugabe and Prime Minister Morgan Tsvangirai formed a power-sharing government in 2009.
That pact was aimed at ending deadly political violence sparked by their presidential run-off election in 2008.
But uncertainty over new elections tipped for this year has scared off new investors, who also worry about Mugabe's threats to take over foreign firms.
While President Mugabe and his ZANU-PF party have vowed to press ahead with elections this year, business leaders have also voiced concern saying the country is not ready for polls.
Although no dates have been set, Mugabe and his ZANU-PF party have said elections should be held this year, while Tsvangirai and his MDC party want reforms to ensure a level playing field before the polls.
Finance Minister Tendai Biti has indicated that the country cannot afford to hold elections, with election officials saying they would cost $400 million to conduct.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
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All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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