Mutapa frames the $1.6 billion buyout as an opportunity to end speculation about Kuvimba’s ownership
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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.
Mutapa frames the $1.6 billion buyout as an opportunity to end speculation about Kuvimba’s ownership
Harare, Zimbabwe – A call for a thorough investigation has been made regarding a US$1.6 [...]
Authorities in Zimbabwe have refused to disclose who got the massive payout, an amount equivalent to 5% of the nation’s GDP.
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