Questions over shadowy partners in Zimbabwe’s revival plan
Most Read
Most Read
Government will not say where it got funds for purchase of mines, smelters and platinum concessions
11 May 2021 - 09:11 Felix Njini and Antony Sguazzin
Zimbabwean finance minister Mthuli Ncube. Picture: REUTERS
In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House that would hold some of the nation’s most valuable gold, platinum, chrome and nickel mines and whose revenue would be used to revive the country’s moribund economy.
The venture would be 65% owned by the government and 35% by private investors, finance minister Mthuli Ncube said in a January interview, predicting it would be “highly profitable” within two years. President Emmerson Mnangagwa said in December the venture will help “in unlocking the inherent richness and value of our country’s mineral deposits,” according to the state-controlled Herald newspaper.