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.Advertisements The TBs are payable over 10 years with a grace period of three years, commensurate…
Mutapa bets on gold to repay US$1,9 billion
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.