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Labrish
Nyuuz
State assets hit the stock market, Mutapa bets on open books
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[QUOTE="Munyaradzi Mafaro, post: 75377, member: 636"] Zimbabwe plans to take some of its better-performing state-owned companies under the Mutapa Investment Fund and list them on the stock exchange during the National Development Strategy 2 rollout. The government wants to increase transparency, pull in both local and foreign cash, and deepen capital markets while turning these enterprises into actual profitable operations rather than money pits. The fund will back turnaround plans with financing and technical support, chase joint ventures with private investors, and potentially dump or buy equity stakes depending on what each entity needs. Listing top performers should help expand market liquidity and let regular citizens own pieces of national assets, which business analysts say brings better governance and accountability into the mix. Reforms will tighten oversight through updated legislation and performance frameworks that can actually fire boards and management for screwing up, pushing state enterprises to function like real businesses across sectors like agro-processing, mining, fertilizer production, and timber. [/QUOTE]
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Labrish
Nyuuz
State assets hit the stock market, Mutapa bets on open books
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