SILVERBACK Asset Management Company has launched Mombe Mari Trust a fund created as an investment vehicle in the Zimbabwe beef industry by identifying businesses that will contribute to the growth of the sector.
Mombe Mari Unit Trust Fund is linked and secured by live cattle.
Officially launching the trust on Wednesday, Agriculture deputy minister Vangelis Haritatos said the government was encouraged by the forward-thinking and innovative approach meant to contribute to the cattle industry and the Zimbabwean economy.
Silverback will seek opportunities to partner with other established cattle breeding businesses in Zimbabwe with a view to growing the capital base of the fund which in turn provides capital for the businesses to grow and enhance the returns for the investors
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