Tuesday, March 2, 2021
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Rudevit intensifies capital mobilisation drive

by Orama Chiphwanya
27/01/2021
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Rudevit Holdings plc has intensified its efforts to raise K10 billion start-up capital, with over 400 members currently investing in the venture, an official has said.

The firm, which is looking for 500 000 investors to make a once-off contribution to be part of the company, seeks to spearhead economic development by exploiting wealth potential of the rural areas through various investments.

RelatedHeadlines

New strategy targets Lower digital costs

Treasury fast-tracks debt retirement fund-roll out

PR practitioners key to corporate growth—Partridge

Hastings Nyirenda | The Nation Online
Nyirenda: We are extremely excited

In a statement made available to Business News, Rudevit chairperson Hastings Bofomo Nyirenda said despite being affected by the Covid-19 pandemic, the initiative to raise capital is going on well.

He said: “We are extremely excited with the overwhelming response from members that are making inquiries on a daily basis.

“The shares are now only at K1, which means most people want to access the shares while they are that cheap.”

Nyirenda said the first capital call is scheduled for the end of this month, but said the window may be extended to accommodate more investors.

“Within the first weeks of January, we have raised around K40 million from individuals who are buying shares from the minimum of K20 000 to K4 million,” he said.

One of the investors based in the United Kingdom, Kelvin Longwe, is quoted as having expressed satisfaction with the company set up to develop the country.

“I have made my investment in the company because I believe it is the best way of getting my investment back home in a company though new, but has the potential to develop my country unlike any other investments that are on the market,” he said.

Previous Post

Covid-19 moves First Deputy Speaker into action

Next Post

More growers shun tobacco, says Tama

Related Posts

Kapito: Commit 
to the plan
Business News

New strategy targets Lower digital costs

March 2, 2021
GRAPH | The Nation Online
Business News

Treasury fast-tracks debt retirement fund-roll out

March 2, 2021
Partridge: PR practitioners are key
Business News

PR practitioners key to corporate growth—Partridge

March 2, 2021
Next Post
Tobacco growers grading their crop

More growers shun tobacco, says Tama

Discussion about this post

Opinions and Columns

My Turn

Tackling global slowdowns

March 1, 2021
People’s Tribunal

Burglary at the hill

February 28, 2021
Search Within

Perseverance landed, is alive and well

February 28, 2021
Emily Mkamanga

Tasting your own salt in politics

February 28, 2021

Trending Stories

  • Olela: We are excited

    K5bn Sunbird Waterfront hotel opens May

    0 shares
    Share 0 Tweet 0
  • Inside Chisale’s seized property

    0 shares
    Share 0 Tweet 0
  • Exclusive: RBM’s Mzuzu branch payment mess exposed

    0 shares
    Share 0 Tweet 0
  • Lhomwe chiefs divided on paramount chief

    0 shares
    Share 0 Tweet 0
  • Experts fault IFMIS roll-out delays

    0 shares
    Share 0 Tweet 0
  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2021 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.