Zim’s gold ambitions get bigger as state fund seeks US$250 million
Mutapa Investment Fund, Zimbabwe’s state-owned sovereign wealth fund, is looking for $250 million to expand its gold mining activities, signifying a big drive to bolster the country’s mining sector and boost output of one of its most important export commodities.
Zisco moved under Mutapa Fund
The decision effectively aligns Zisco with a broader restructuring of public assets, including those previously associated with Kuvimba Mining House (KMH). In 2022, Cabinet had identified Kuvimba as the preferred bidder for Zisco, but recent developments have seen Kuvimba itself folded into the Mutapa Investment Fund, tightening government control over strategic resources.