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</o:shapelayout></xml><![endif]--></head><body lang=EN-ZW link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><span style='font-size:12.0pt;line-height:105%;font-family:"Georgia",serif'><o:p> </o:p></span></p><div align=center><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse'><tr style='height:929.95pt'><td width=678 valign=top style='width:508.15pt;padding:0cm 5.4pt 0cm 5.4pt;height:929.95pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><a href="mailto:bulls@bullszimbabwe.com"><span style='color:windowtext;text-decoration:none'><img border=0 width=662 height=221 style='width:6.8958in;height:2.2986in' id="Picture_x0020_2" src="cid:image001.jpg@01D86A93.72EB0010"></span></a><b><span style='font-size:12.0pt;line-height:115%;font-family:"Georgia",serif'><o:p></o:p></span></b></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><b><o:p> </o:p></b></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><b><span style='font-family:"Candara",sans-serif;background:white'>Lloyd Crowdfunding Admitted Into The Fintech Regulatory Sandbox By The Reserve Bank Of Zimbabwe<o:p></o:p></span></b></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><b><span style='font-family:"Candara",sans-serif;background:white'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Candara",sans-serif'>Harare- On the 13<sup>th </sup>of April 2022, the Reserve Bank of Zimbabwe approved Lloyd Crowdfunding (LCF), a subsidiary of Lloyd Corporate Capital, to operate within the guidelines of the Fintech Regulatory Sandbox.<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Candara",sans-serif'>Crowdfunding for business is <span style='background:white'>the online offering of financial securities of a private company to a group of people for investment. <span style='color:#111111;letter-spacing:.05pt'>Crowdfunding makes use of the easy accessibility of vast networks of people through </span></span></span><span style='font-family:"Candara",sans-serif'><a href="https://www.investopedia.com/terms/s/social-media.asp"><span style='color:black;letter-spacing:.05pt;background:white'>social media</span></a></span><span style='font-family:"Candara",sans-serif;color:#111111;letter-spacing:.05pt;background:white'> and crowdfunding websites to bring investors and entrepreneurs together</span><span style='font-family:"Candara",sans-serif;color:black;letter-spacing:.05pt;background:white'>.</span><span style='font-family:"Candara",sans-serif;background:white'> <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Candara",sans-serif;background:white'>The crowdfunding system has generally been used for charity and personal fundraising efforts. Several SMEs in Africa (e.g., Mauritius, South Africa, Morocco, Tunisia, Cote d’Ivoire, Senegal, etc.) have, however, successfully managed to raise capital for business start-up and growth through crowdfunding.<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Candara",sans-serif;background:white'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Candara",sans-serif;background:white'>Currently, in Zimbabwe, there is no form of legislation on crowdfunding, hence the use of a regulatory framework known as the Regulatory Sandbox which is monitored by the Reserve Bank of Zimbabwe. <span style='color:black'>The Fintech Regulatory Sandbox is intended for innovators in the financial services sector who have already developed their service, product, or business model and are ready to undertake a proof of concept through monitored market testing.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Candara",sans-serif;color:black;background:white'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Candara",sans-serif;color:black;background:white'>Lloyd Crowdfunding will be in the Regulatory Sandbox for 12 months. </span><span style='font-family:"Candara",sans-serif;background:white'>The sandbox activities to be tested are those that the Reserve Bank can oversee in terms of the Reserve Bank Act, Chapter 22:15; Banking Act, Chapter 24:20, the National Payments Systems Act, Chapter 24:23; the Money Laundering and Proceeds of Crime Act, CHAPTER 9:24; Exchange Control Act Chapter 22:05 and any other relevant regulation.<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Candara",sans-serif;background:white'><o:p> </o:p></span></p><p style='margin:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%;background:white'><span lang=EN-US style='font-size:11.0pt;line-height:115%;font-family:"Candara",sans-serif'>The main aim of Lloyd Crowdfunding is to assist Small and Medium-Sized Businesses (SMEs) raise funding for their capital and operational requirements. The Lloyd Crowdfunding platform brings together SMEs and investors to enable SMEs to raise capital through equity, quasi-equity, loans, or a combination of both loans and equity.<o:p></o:p></span></p><p style='margin:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%;background:white'><span lang=EN-US style='font-size:11.0pt;line-height:115%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p style='margin:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%;background:white'><span lang=EN-US style='font-size:11.0pt;line-height:115%;font-family:"Candara",sans-serif'>Lloyd Crowdfunding is thus inviting registered SMEs with bankable projects to approach us for a listing on our platform. <o:p></o:p></span></p><p style='margin:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%;background:white'><span lang=EN-US style='font-size:11.0pt;line-height:115%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Candara",sans-serif'>The platform offers investors an opportunity to invest in exciting, high-potential SMEs. The lower limit for an investor to invest through Lloyd Crowdfunding is one-thousand USD (US$1,000), and the upper limit is US$500,000 or the Zimbabwe dollar equivalent. <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><span style='font-family:"Candara",sans-serif'>SMEs and investors interested in taking advantage of the Lloyd Crowdfunding platform can register online on LCF website </span><span style='font-family:"Candara",sans-serif'><a href="http://www.lloydcrowdfunding.com">www.lloydcrowdfunding.com</a></span><span style='font-family:"Candara",sans-serif'>. Alternatively, they can contact us using the details in the attached file.<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:115%'><o:p> </o:p></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><i><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Invest Wisely!<o:p></o:p></span></i></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><b><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Bulls n Bears </span></b><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'> <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Telephone: <a href="tel:%2B263%204%202927658" target="_blank"><span style='color:windowtext'>+263 4 2927658</span></a><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Cellphone: <a href="tel:%2B263%2077%20344%201674" target="_blank"><span style='color:windowtext'>+263 77 344 1674</span></a><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Alt. Email: <a href="mailto:info@bulls.co.zw"><span style='color:windowtext'>info@bulls.co.zw</span></a> <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Website: <a href="http://www.bullszimbabwe.com">www.bullszimbabwe.com</a> <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Blog: <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw" target="_blank"><span style='color:windowtext'>www.bulls.co.zw/blog</span></a><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Twitter: @bullsbears2010<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>LinkedIn: Bulls n Bears Zimbabwe<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Facebook: <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimbabwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA" target="_blank"><span style='color:windowtext'>www.facebook.com/BullsBearsZimbabwe</span></a><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Skype: Bulls.Bears <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-size:12.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><img border=0 width=210 height=101 style='width:2.1875in;height:1.0555in' id="Picture_x0020_1" src="cid:image002.jpg@01D86A93.72EB0010" alt="cid:image012.jpg@01D0BFE7.544DF490"><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-size:12.0pt;line-height:115%;font-family:"Georgia",serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-size:12.0pt;line-height:115%;font-family:"Georgia",serif'><o:p> </o:p></span></p></td></tr></table></div><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>