Zimbabwe - Imara Edwards Securities
(Members of The Zimbabwe Stock Exchange)

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Imara Edwards Securities (Private) Limited, formerly an associate of JP Morgan, is a leading stockbroker in Zimbabwe. Established in 1954 as Edwards & Co. it is Zimbabwe’s oldest operational broker. Currently, we have a 20% share of the market; a position we aim to consolidate and strengthen through long-term mutually beneficial relationships.

We have a broad range of both institutional and individual investors and are the broker of choice to many foreign portfolio investors. Based in Harare, with a satellite office in Bulawayo, we are also conveniently located within reach of our clients in Zimbabwe. In addition to our local staff, we can call upon a significant skills base from operations across Sub-Saharan Africa.

Through perseverance and robust systems that underpin Imara’s highly personal service, Imara Edwards Securities has emerged as the Broker of choice in Zimbabwe and stands firm by its company motto: ‘Strong in Name, Resolute by Nature’.

Through our excellent network of clients, experienced trading personnel and support from an efficient back office, we have been able to consistently deliver an unparalleled quality of securities listing and dealing services.

  • Products and Services

    Imara Edwards Securities provides investors a highly personalised service that is research led and focused on realising optimum value for clients.

    For more than half a century, Imara Edwards Securities has developed a trading process that is research-led and client-centric. When executing trades fiduciary responsibility is taken very seriously and the most value is extracted from the market for clients within the parameters set. Imara’s vast network of local and foreign clients and brokers allows IES to discreetly address a wide audience in a relatively illiquid market.

    Sales and Trading

    Trade on the ZSE is done via a Call-Over system starting at 10:00am local time every working day of the week, lasting approximately one hour.

    Imara Edwards Securities has close contacts, through the Imara Group with the following product and geographical offerings:

    Angola Currently setting up a stock broking office
    Botswana Head office and stock broking
    Malawi Stock broking
    Namibia Stock broking
    South Africa Stock broking, corporate finance and asset management
    United States Stock broking – in association with Auerbach Grayson & Co.
    Zambia Stock broking

    Sponsoring Broker Role

    Imara Edwards Securities has been involved in the vast majority of listed company corporate actions in Zimbabwe in a sponsoring broker role. IES also work with listed companies on an on-going basis to ensure that all regulatory requirements relating to securities listings are met.

    A strong back office complements all of the above with an efficient settlement system and the attendant IT backbone.

  • Research

    Imara Edwards pioneered the concept of equities research in Zimbabwe, and retains the reputation for commitment to this area. This research philosophy is based on potential that is assessed from the bottom up. Timely receipt of information is paramount especially in frontier markets where channels of communication are still developing. To keep clients abreast of market developments a Morning Research Note and Price Sheet is sent out via e-mail daily. Stock prices are also availableon the Imara Capital website. In addition, IES’ analysts monitor many different African markets and are able to place ZSE listed companies in the African context to present a more rounded overview.

  • Our People

    A team of experienced professionals

    Thedias Kasaira

    Thedias Kasaira Managing Director Thedias Kasaira has vast experience in stock broking having joined Imara Edwards in 1991 and worked in almost every back office department including accounts, scrip and the money market department. He subsequently worked his way up into the dealing room in 1993 and became a registered stockbroker in 1996. After two years of hard work and dedication, Thedias was appointed as a Director responsible for dealing. In 2004 he was appointed to the position of Managing Director of Imara Edwards Securities (Private) Limited, a subsidiary of Imara Capital Zimbabwe (Private) Limited, a position he presently holds. Thedias is both a former Treasurer and Chairman of the Zimbabwe Stock Exchange and is still actively involved in some of the sub committee’s activities at the Exchange.

    Tinotenda Kambasha

    Tinotenda Kambasha Executive Director Tino Kambasha joined Imara Asset Management in 2007 as a Portfolio Manager and has structured investments for pension funds, companies and individuals where he gained wide experience in trading and transaction execution. Tino sat on the investment committee and managed over US$100 million on the ZSE and various money market instruments. In September 2010, Tino joined Imara Corporate Finance for a year where he focused on deal generation and the management of a US$24 million debenture book. Tino subsequently joined Imara Edwards Securities and currently heads the Sales Trading desk. He graduated from Rhodes University where he obtained a Bachelor of Economics (International Finance, Money and Banking) and an Industrial Psychology degree.

    Themba Ndebele

    Themba Ndebele Non – Executive Director Themba Ndebele is the Chief Executive Officer of Truworths Ltd in Zimbabwe. He is a Chartered Accountant by profession having qualified with Peat Marwick in 1986. Themba started his industrial career with the Treger Group in Bulawayo in 1988 where he served as Finance Director and finally became Managing Director of Treger Harare (Pvt) Ltd from 1994 to 1997. He served as Chief Operating Officer of T.A Holdings Ltd for two years from 1997 to 1999. Themba served on the Council of the institute of Chartered Accountants from 1989 and became President in 1996. In addition to being Chairman of Imara Capital Zimbabwe, Themba is an independent Non-ExecutiveDirector and Chairman of the Audit Committee of TSL; Chairman of Cattle Company Holdings Ltd.

  • Contact Us

    Imara Edwards Securities – Contacts

    Company Information

    Imara Edwards Securities (Private) Limited Block 2, Tendeseka Office Park, Samora Machel Avenue East, Eastlea, Harare, Zimbabwe P O Box 1475, Harare, Zimbabwe Phone: +263 4 790 090 / 164 / 304 / 211 Fax: +263 4 791 875 / 319 Fax: +263 4 791 875 / 319 Web: www.imara.com

    Equities Sales and trading

    Thedia Kasaira Managing Director +263 772 600 562 Tino Kambasha Executive Director +263 772 345 720 Tatenda Mutonga Dealer +263 772 562 610 Derrick Ncube Dealer +263 772 913 443 Shelton Sibanda Dealer +263 772 984 828 Kuda Mundowozi Investor Relations Officer +263 772 876 810


    Addmore Chakurira Head of Research +263 772 265 454 Tonderai Maneswa Research Analyst +263 772 895 024