A new lottery company owned by local businesswoman Letina Undenge was launched in Harare on Wednesday.
REPORT BY OWN CORRESPONDENT
Letina is Economic Planning and Investment Promotion deputy minister Samuel Undenge’s wife. The company, Star Lotto, joins other lottery companies already in existence.
The businesswoman said the company had made strides in adhering to indigenisation and black empowerment laws as the locals owned 51% of the shareholding.
“Indigenisation has gone another stride in the history of black empowerment in Zimbabwe as noted by the shares we hold in the company,” she said.
The foreign partners are Michael Horwipz, Michael Vorstman and Brian Croock.
“We want to install booths for the vendors who will be selling lottery tickets and we are in the process of signing a contract with the council for the installation of the booths,” she said.
The initial draw of Star Lotto will be held on December 8.