Zimbabwe’s Sovereign Wealth Fund embroiled in US$1.6 billion scandal

Zimbabwe's new sovereign wealth fund, Mutapa Investment Fund, has reportedly paid US$1.6 billion using public debt for a 35% stake in Kuvimba Mining House, a mining conglomerate with ties to presidential advisor and ruling party donor Kudakwashe Tagwirei. The post Zimbabwe’s Sovereign Wealth Fund embroiled in US$1.6 billion scandal appeared first on Nehanda Radio.

Transaction Between Mutapa Fund and Kuvimba Mining Needs Investigation, Says The Sentry

thezimbabwemail.com - 03/Jul 13:49

Harare, Zimbabwe – A call for a thorough investigation has been made regarding a US$1.6 [...]

NORTHERN EXPOSURE : Zimbabwe’s sovereign wealth fund paid ‘grossly inflated’ $1.6bn for shares in mining house

daily maverick - 03/Jul 17:54

Authorities in Zimbabwe have refused to disclose who got the massive payout, an amount equivalent to 5% of the nation’s GDP.

Zimbabwe’s debt burden balloons to US$18 billion

zimbabwesituation.com - 23/Jun 06:44

Fears the country’s giant debt could stunt economic recovery and growth Source: Zimbabwe’s debt burden balloons to US$18 billion – Zimbabwe News...

Metro Pacific and GIC ink US$1b deal for stake in Indonesian toll road operator

nst.com.my - 02/Jul 11:48

BENGALURU: Philippine-based Metro Pacific Tollways and Singapore sovereign wealth fund GIC have taken a stake worth US$1 billion in a unit of...

Corruption scandals and power struggles threaten to destroy ruling Zanu-PF

nehandaradio.com - 28/Jun 14:12

Zimbabwe's ruling party, Zanu-PF, is embroiled in a deepening crisis, with corruption scandals and factional infighting threatening to tear the party...

Businessmen implicated in US$88 million goat scandal present themselves to ZACC

nehandaradio.com - 25/Jun 15:20

HARARE - Lawyers representing Moses Mpofu and Mike Chimombe, two local businessmen embroiled in the US$88 million goat corruption scandal, have...

Army General helps Kuda Tagwirei and General Chiwenga unite as Mnangagwa era comes to an end

myzimbabwe.co.zw - 05/Jul 09:04

In a move that underscores the shifting dynamics within Zimbabwe’s ruling party, Zanu PF insiders have revealed that business tycoon Kuda Tagwirei...

Brazilian allocates R$1.6 billion to support the production of films and TV series

caribbeannewsglobal.com - 23/Jun 05:24

BRASILIA, Brazil – The Brazilian federal government plans to invest R$1.6 billion (US$296 million) to support the production of audiovisual content....

De Grey about to lock in debt funding for world class Hemi gold project

stockhead.com.au - 28/Jun 04:06

De Grey Mining has received credit approved terms for $1.13 billion in debt facilities from commercial banks to round out ...

Rebuttal: Addressing the Flaws in The Sentry’s Report on the Mutapa Fund

thezimbabwemail.com - 04/Jul 15:26

THE report by The Sentry, possibly penned by an overly eager Nick Donovan. In short, [...]

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