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Mining house declares US$5 million dividend - Zimbabwe Situation

Mining house declares US$5 million dividend - Zimbabwe Situation
zimbabwesituation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwesituation.com Daily Mail and Mail on Sunday newspapers.

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Kuvimba's US$5.2m dividend payout shows mining giant's growing influence

Kuvimba's US$5.2m dividend payout shows mining giant's growing influence
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.

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National Venture Fund Is Being Created In Uzbekistan - Finance and Banking

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On November 3, 2020, the Cabinet of Ministers adopted a
Resolution On measures to organize the activities of the
National Venture Fund UzVC
No.ПКМ-684. Moreover, under the Presidential
Decree of November 24, 2018 On additional measures to improve
financing mechanisms for projects in the field of entrepreneurship
and innovation No.УП-5583, the UzVC National
Venture Fund (the Fund ) is organized to create an
infrastructure to support innovative ideas and a startup
ecosystem.
The decree established that:
the Fund is created in the form of an LLC;
the initial authorized capital of UZS 15 billion will be formed ....

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Kuvimba primed to anchor key mining projects

David Brown
IN 2019, the Government launched a roadmap to grow the mining sector to US$12 billion by 2023 through leveraging on the country’s diverse mineral wealth.
Some critics described the plan as over-ambitious as it was likely to be stymied by lack of foreign direct investment, inefficient utilities, poor transportation, particularly rail, and lack of skills and competencies.
However, the Government, in partnership with foreign investors, has come up with a strategy to take the lead in driving investment in the mining sector following the establishment of Kuvimba Mining House an anchor company likely to be a game-changer.
Currently, the Government holds 65 percent in the venture, while foreign investors own the remainder. ....

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