ReNaissance Financial Holdings Limited ('RFHL') is a composite investment holding company with interests spanning investment banking, insurance, and property investment. The company has developed core competencies and critical mass that are being leveraged to propel it into a competitive and fully diversified investment group, with interests in both financial  and non-financial sectors.  Key to this success, is the human and intellectual capital the group espouses, as well as the relentless desire for wealth creation, premised on the development and implementation of broader, more innovative and pragmatic financial solutions.

The RFHL group dates back to October 1999 when ReNaissance Advisory Services (Private) Limited(“RAS”) was incorporated as a specialist advisory services boutique, following a careful and thorough market assessment, which identified a gap within the financial advisory services market in Zimbabwe and the region.

ReNaissance Merchant Bank Limited (vist website >>)

ReNaissance Merchant Bank Limited, a private sector initiative, was incorporated in October 2001 upon licensing by the Reserve Bank of Zimbabwe. The predecessor, RAS was reversed into the merchant bank. Since inception, the bank has concentrated on the development of a niche market providing valuable services to a wide range of customers. Our customer base covers the growth sectors of the economy viz commerce, manufacturing, services and export with focus on well-managed medium to large scale corporate entities, and high net worth individuals. The Bank's commitment to be a resourceful merchant bank is reflected in its appreciable growth over the period since its inception. Our concept has, therefore, proven to be most appropriate – a bank that combines the strength of solid experience in traditional banking with an unparalleled ability to innovate.

In June 2003, a restructuring to align the different asset classes in operation was undertaken. Aside from positioning future asset classes, the restructuring created a common investment vehicle through which ownership of existing asset classes fell. The investment vehicle created to own and manage these assets is RFHL.

At ReNaissance Merchant Bank Limited, the true measure of our achievement is the success of our customers who have benefited from our philosophy of support for the private sector and our support of the Government's initiatives aimed at the development of the private sector and the wider economy. In this regard, the bank has nurtured companies in various sectors including telecommunications, petroleum, mining, agricultural, manufacturing and the service industry.

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Expansion

In October 2007, ReNaissance Merchant Bank Limited spread its wings to Bulawayo, the second largest city in Zimbabwe, as part of the drive to increase market reach and also provide specialist bespoke services to businesses and individuals in that city. The expansion drive was also in line with the Reserve Bank of Zimbabwe's desire to see local banks expand to provide quality services to a wider population, in an effort  to increase access to banking services. The Bulawayo branch is positioned to provide a wide range of services to clients.  At ReNaissance Merchant Bank Limited, our customers are at the heart of our business and we take delight in the success of their businesses.

ReNaissance Securities (Private) Limited (visit website >>)

ReNaissance Securities (“RS”), a brokerage house, is a member of the Zimbabwe Stock Exchange.  RS is extensively networked, having  previously traded under a number of reputable brands, namely HSBC Quincor, HSBC and Barnfords. RS is amongst the top brokerage  houses in Zimbabwe. RFHL acquired RS in April 2004 as part of the drive to develop and grow the ReNaissance brand to create a one-stop investment banking house.(Morning News Flash >>)

ReNaissance Capital Limited (Uganda) (visit website >>)

ReNaissance Capital Limited (“RCL”) is a wholly owned subsidiary of RFHL (Uganda), an investment house incorporated in Uganda, and licensed by the Uganda Capital Markets Authority to carry on business as an Investment Advisor and Dealer/Broker. The outfit has been operational since April 2005.

RCL carries on the business of providing Corporate & Project Finance advice and Structured Finance solutions to corporate Uganda and the East African markets, through its Investment Advisor licence. Through the Dealer/Broker licence, RCL provides Asset Management and brokerage services to both corporate and retail investors. These services are also backed by equities and derivatives research capabilities. 

Africa First ReNaissance Corporation (Formerly First Mutual Limited) (visit website >>)

Africa First ReNaissance Corporation (“Afre”) is a subsidiary company of RFHL. Afre has interests that span insurance, hospitality and tourism and property investment. RFHL acquired a significant stake in First Mutual Limited in 2006 and later changed its name to Afre, in March 2008.  The business is being grown to spread its wings across Africa, to ultimately become a global leader. The local businesses under the Afre  group are as follows:

First Mutual Life Assurance Company
FMRE Property & Casualty
FMRE Life & Health
TristarInsurance Company (Private) Limited
Pearl Properties (2006) Limited
African Actuarial Consultants

Money Market Summary: Investment Rates ||| CALL Rate: -3% || 7 Days Rate: - ||14 Days Rate: - || 30 Days Rate: - || 60 Days Rate: - || 90 Days Rate: - || 182 Days Rate: || Mid-Rates ||| USD Rate: 1.00 || EUR Rate: 1.2806|| GBP Rate: 1.5379|| JPY Rate:84.1150 || ZAR Rate:7.2650|| BWP Rate: 0.1450|||

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Zimbabwe Stock Exchange Summary:

Top Gainers |||Pioneer Price:$ Change:250% ||CAPS Price: $0.01 Change:67%||Celsys Price:$ Change:33%|||| Shakers |||Medtech Price: $0.001 Change: -50% ||NMB Price: $0.0085 Change: -23%||Astra Price: $0.025 Change: -17%||Turnall Price: $ Change: -10%||

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© Renaissance Financial Holdings 2008

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