Mutapa seeks new capital

Mutapa Investment Fund chief executive John Mangudya

Staff Writer MUTAPA Investment Fund (Mutapa) is weighing several capital raising initiatives to revitalise its expansive business portfolio, including through joint ventures and cross-subsidising its units to achieve mutual growth.Cross-subsidising is a business practice which involves using profits generated by one profitable business unit to offset losses incurred by another, less profitable unit within the…

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