Mutapa restructures mining portfolio

Mutapa Investment Fund posted a surplus of US$3,6 million and a total comprehensive income of US$8 million as at December 31, 2024.

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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