Mutapa defends US$1.9bn Kuvimba Deal as strategic, cash-free acquisition

STAFF WRITER The Mutapa Investment Fund (MIF), Zimbabwe’s sovereign wealth fund, has defended its US$1.9bn acquisition of a 35% stake in Kuvimba Mining House (KMH), dismissing widespread misinformation about the deal’s funding structure. The clarification follows public concern and speculation on social media over how the Government financed the transaction. With this acquisition, the State…