BACKGROUND

Masimba Holdings Limited (Masimba), a construction and engineering group, is a duly registered company in Zimbabwe and listed on the Zimbabwe Stock Exchange (ZSE) and thus must comply with ZSE listing regulations. As part of these listing requirements, it is required to change its external auditors once every 5 years. Its current external auditors, Grant Thornton Zimbabwe, completed their full 5-year tenure ending 31 December 2025; hence, a need has arisen to change and appoint new external auditors for five years beginning 01 January 2026.

SCOPE OF WORK

Masimba is looking to appoint an external audit service provider for five years in line with ZSE regulations. Masimba has a 31 December year-end, therefore the successful audit firm is required to provide external audit services and issue its independent external auditors’ report within the ZSE-regulated time frame of 3 months after the reporting period.

The external audit services must also comply with International Standards on Auditing as well as any other
statutory, legal and regulatory requirements.

MINIMUM REQUIREMENTS

Interested audit firms that meet the below minimum requirements are invited to submit quotations to undertake these services.

1. Accredited with ICAZ.
2. Registered offices in Harare.
3. Minimum of 6 partners.
4. 10 years’ experience providing external audit services to listed group entities.
5. Company registration documents.
6. Valid Tax clearance certificate.
7. SUBMISSION PROCEDURE AND DEADLINE
8. Proposals conforming to the requirements set out above must be received by Masimba through the email,
9. pearl.mutiti@masimbagroup.com, or delivered at our registered address, 44 Tilbury Road, Willowvale,
10. Harare, to the attention of the Company Secretary no later than close of business on 05 June 2026. Any
11. proposal received after the time and date specified shall not be considered.