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

.MUTAPA Investment Fund’s (MIF) min­ing cluster is strengthening governance across its specialised portfolio as it seeks to safeguard and unlock greater value from the country’s strategic mineral assets.

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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