Zimbabwe’s moves to fully activate and operationalise the national sovereign wealth fund now known as the Mutapa Investment Fund is a step in the right direction that could generate wealth for future generations, stabilise the economy, and promote economic development. For a long time, sovereign wealth funds (SWF) were thought of as a preserve…
The Cotton Company of Zimbabwe has applied to the High Court to be placed under provisional judicial management, the company said on Thursday, with its application suggesting it was technically insolvent. Cottco has a debt of $56 million which attracted an interest bill of $16.8 million in the full year to 31 March 2013 and