Mutapa restructures mining portfolio

Mutapa Investment Fund, with a combined value of approximately US$15 billion — in its annual report released last month — said it needs in excess of US$10 billion in funding to restructure state-owned entities under its portfolio and boost mining and energy sectors.

MUTAPA Investment Fund (MIF) has overhauled its mining assets, replacing the Kuvimba Mining House (KMH) model with commodity-specific units to streamline national mineral production. MIF chief investment officer Simbarashe Chinyemba told the media in Harare yesterday that the move was designed to ensure the sovereign wealth fund runs a leaner and more efficient organisational structure…

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