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Mystery of Sanctioned Tycoon's Assets in Zimbabwe Revival Plan


Author of the article:
Felix Njini and Antony Sguazzin
Publishing date: May 11, 2021  •  1 day ago  •  8 minute read  • 
Article content
(Bloomberg) — In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House Ltd. 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.The announcement was met with skepticism among local journal ....

United States , Mashonaland Central , South Africa , Western Cape , Great Dyke , Zimbabwe General , Cayman Islands , South African , Felix Njini , Emmerson Mnangagwa , Antony Sguazzin , Tara Oconnor , George Guvamatanga , David Brown , Amardeep Sharma , Robert Mugabe , Mthuli Ncube , Kudakwashe Tagwirei , Christopher Fourie , Sakunda Holdings , International Monetary Fund , Almas Global Opportunity Fund , Pfimbi Ltd , Bindura Nickel Corp , Puma Energy Ltd , Kuvimba Mining House Ltd ,

Mystery Of Sanctioned Tagwirei's Assets In Zimbabwe Revival Plan


Bloomberg News
In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House Ltd. 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. ....

United States , Mashonaland Central , South Africa , Western Cape , Great Dyke , Zimbabwe General , Cayman Islands , South African , Emmerson Mnangagwa , Tara Oconnor , George Guvamatanga , David Brown , Amardeep Sharma , Robert Mugabe , Mthuli Ncube , Kudakwashe Tagwirei , Christopher Fourie , Sakunda Holdings , International Monetary Fund , Almas Global Opportunity Fund , Pfimbi Ltd , Bindura Nickel Corp , Puma Energy Ltd , Kuvimba Mining House Ltd , Almas Capital Ltd , Almas Fund ,

Mystery of Sanctioned Tycoon's Assets in Zimbabwe Revival Plan – The Zimbabwe Mail

Mystery of Sanctioned Tycoon's Assets in Zimbabwe Revival Plan – The Zimbabwe Mail
thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.

Mashonaland East , Zimbabwe General , Mashonaland Central , South Africa , Great Dyke , Cayman Islands , South African , Felix Njini , Cynthiar Matonhodze Bloomberg , Emmerson Mnangagwa , Antony Sguazzin , Godfrey Marawanyika Bloomberg , Tara Oconnor , George Guvamatanga , David Brown , Jekesai Njikizana , Amardeep Sharma , Robert Mugabe , Mthuli Ncube , Christopher Fourie , Kudakwashe Tagwirei , Sakunda Holdings , International Monetary Fund , Almas Global Opportunity Fund , Pfimbi Ltd , Bindura Nickel Corp ,