Zimbabwe dual listings.

The Old Mutual Group has been operating in Zimbabwe for more than 100 years and is by far the best known dual listing. Old Mutual is a diversified international financial services group listed on the stock exchange in London , South African, Malawi , Namibia and Zimbabwe. The disposal of Old Mutual shares in London and/or South Africa is the most common way to get funds out or into the country at a free market exchange rate. This is normally done with the approval of the Ministry of finance to raise foreign currency to redeem loans. Other dual listings include Cargill Zimbabwe, a local subsidiary of the United States agriculture giant, African Banking Corporation (ABC) chaired by top ZANU-PF businessman Oliver Chidawu and in which the World Bank affiliate International Finance Corporation has a 10% shareholding; and Vulya Investments.