Think I am reading this correctly.
MIF (the old Sovereign Wealth Fund) and our 10% partner - gets allocated the 40% Government share.
I think that’s a great outcome for all - we get a secured PPSA to drive investment- and our mates get there big kick to be able to put $$ back in along with further development in Zim (not to forget the lining of their pockets through contract allocation etc) .
I am reading between the lines as IVZ being able to remain truely ethical whilst handing the Government share to MIF (where the potentially not so ethical dealings may occur.)
Have always been a fan of SM’s approach to Zim government- I suppose being born there helps understand of the way things work over there.
Will be a great outcome - and I believe that the people of Zim will still benefit significantly from this PPSA agreement due to the clarity it should provide.
Just hope I haven’t missed my chance to top up before the news drops.
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