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Zimbabwe’s state sovereign wealth fund has now acquired all of state mining company Kuvimba Mining House Ltd., in a bid to end speculation about its ownership. Kuvimba holds some of Zimbabwe’s best mining assets, which were once owned by a company controlled by US- and UK-sanctioned tycoon Kudakwashe Tagwirei, an adviser to Zimbabwe’s President Emmerson
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Kuvimba was in 2021 said by the government to be 65% state-owned with the remaining 35% being held by private investors that were later described as a management consortium.
HARARE-- Zimbabwe’s state sovereign wealth fund has now acquired all of state mining company Kuvimba Mining House Ltd., in a bid to end speculation about its ownership. Kuvimba holds some of Zimbabwe’s best mining assets, which were once owned by a company controlled by US- and UK-sanctioned tycoon Kudakwashe Tagwirei, an adviser to Zimbabwe’s President…
(Bloomberg) -- Zimbabwe’s state sovereign wealth fund has now acquired all of state mining company Kuvimba Mining House Ltd., in a bid to end speculation about its ownership. Most Read from BloombergGermany’s Days as an Industrial Superpower Are Coming to an EndTop Nigerian Banker Killed in Helicopter Crash in CaliforniaHow Worried Should You Be About Commercial Real Estate?Biden’s Attempt to Address Memory Issue Backfires With New GaffeKuvimba holds some of Zimbabwe’s best mining assets, which