Our guide to the issues likely to impact businesses and the key measures taken by African governments in response to COVID-19.
The value of our consumer goods and retail sector comes from offering commercially sound advice across the full range of legal issues affecting those participating in these markets in Zimbabwe and beyond.
Companies operating in today's global consumer goods and retail sector must adapt to an increasingly competitive environment and at the same time navigate an ever more complex array of regulatory requirements. Understanding and complying with these requirements is an integral component of strategic growth, from R&D through to manufacturing, marketing and distribution.
We are focused on providing clients with advice based on in-depth sector knowledge, local experience and international best practice.
Experience has included advising:
- A global beverages company on the contractual and regulatory implications from a Zimbabwean law perspective in respect of the proposed acquisition by another beverages group of a controlling interest in an international brewer, and the implications of the transactions on certain contractual agreements involving the Client’s holding company and various bottling companies in Zimbabwe. We have advised the client on its options in terms of the transaction, including the methods of acquiring the bottlers’ non-alcoholic operations and the local law implications thereof.
- Sinapis Investment on the lease and development of agricultural land in the district of Morogoro, Tanzania, for the purposes of developing a sugar cane plantation, and setting up a sugar processing plant as well as for other agricultural activities (including growing sorghum, sunflower, maize and rice). This transaction marks the client’s expansion of its activities outside of Zimbabwe, as well as for the export of product from Tanzania into East Africa and Sub-Saharan Africa. Our firm was involved the in the drafting and negotiation of the out-grower agreement and the shareholders’ agreement in respect of the transaction.
- Almastone Opportunities I Limited in the loan and advancing of funds to Premium Tobacco International DMCC. A portion of the funds were advanced by the Borrower to Premium Leaf Zimbabwe (Private) Limited (PZ) for the purchase, processing and sale of green and processed tobacco in Zimbabwe.
- One of the largest local cigarette manufacturing companies on its payment obligations to its employees and the nature of the currency which could be utilized for this purpose.
- A Scandinavian private equity firm in respect of its investment portfolio in Zimbabwe, in the fast-moving consumer goods and dairy manufacturing sectors, including a US$4 million debt to equity conversion in Zimbabwe’s largest wholesale company.
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