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Home » Mutapa bets on gold to repay US$1,9 billion
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Mutapa bets on gold to repay US$1,9 billion

written by Kudzanai Gerede, Companies and Market Editor 0 comments
Mutapa Investment Fund, with a combined value of approximately US$15 billion, 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.
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MUTAPA Investment Fund (MIF) is confident of servicing US$1,9 billion Treasury Bills (TBs) issued by the government for the acquisition of a 35 percent stake in Kuvimba Mining House in 2024, driven by rising mineral prices and asset value growth. The TBs are payable over 10 years with a grace period of three years, commensurate…

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