MUTAPA Investment Fund (MIF)’s unbundling of its mining subsidiary, Kuvimba Mining House (KMH) is expected to attract targeted investor interest in specific mineral entities, the sovereign wealth fund’s chief investment officer Simbarashe Chinyemba has said. The move, announced last week at a press conference, is part of MIF’s strategy to unlock greater value from its…
‘Kuvimba unbundling to attract investors’
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.