Not much is known about the new owner which participated in the second auction for GPIL and left other bidders, including Sajjan Jindal’s JSW Group, behind by a long shot
The privatisation of the public sector helicopter operator raises questions that the government so far has refused to answer. An investigation by The Wire and NewsClick.
The Centre is attempting to hand over its helicopter services provider Pawan Hans Ltd to Star9 Mobility by June, while batting aside the Opposition’s objections to the disinvestment.
Questions over shadowy partners in Zimbabwe’s revival plan
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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