KUDZANAI GEREDE LOCAL banks are showing growing interest in financing Mutapa Gold Resources’ (MGR) US$152 million Shamva Hill Project, with the group now expecting to secure up to US$100 million, well above its initial target. The gold miner said it had initially approached local lenders seeking US$75 million for the Shamva Hill Project, a key…

Mutapa Investment Fund chief executive John Mangudya, left, receives a cheque worth US$22,5 million from
Mutapa Gold Resources (MGR) board chairperson Charles Chikaura, right, and chief executive Patrick Maseva
Shayawabaya at the company’s headquarters in Harare on Thursday. PIC: FREEDOM MASHAVA
