Securitisation of minerals key to economic development


Lazarus Sauti

Securitisation, a way of raising long-term finance, of minerals is critical if African countries are to transform their economies.

This means African governments should establish regulatory frameworks that allow securitisation of minerals, mortgages and other assets to raise long term finance.

Because of this, the Confederation of Zimbabwe Industries president Charles Msipa believes much needs to be done towards raising long term finance for economic development.

He said: “Securitisation is a way of raising long-term finance for government, industry, housing and the economy. Therefore, a regulatory framework should be established to allow securitisation of minerals, mortgages and other assets.”

 

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