United States based MGG Holdings is soliciting for further investment opportunities in Zimbabwe through joint venture partnerships with locals holding iddle mineral claims.
The commodities firm has since set aside an investment package of close to $25 million towards investments in the local mining industry mainly in chrome, cobalt, lithium, gold and coal.
MGG Holdings is also looking at raising additional capital in excess of about $50 million through the public market as the investment group looks at taking advantage of opportunities being presented by the current political administration.
MGG Holdings will be investing through its Zimbabwean wing, MGG Advisory. The group was founded by Frederick McKoy who also saves as the global group chairman.
MGG Advisory is registered under the companies Act according to the laws of Zimbabwe and has been recognized for empowering the local people and supporting community projects.
McKoy recently said the company is looking at putting Zimbabwe on the map as a conducive investment destination.
The company is targeting chrome, gold, coal, cobalt and lithium. On chrome we are mainly targeting the chrome in the Shurugwi area.
MGG Holdings pledges to bring in top-notch African Americans investors and celebrities into the Zimbabwean investment landscape.
MGG Advisory is a fast-growing company which finances and provides technical support to several successful indigenous chrome and gold mines. It legally registered to export and import various commodities, from pharmaceutical and agricultural products to minerals and heavy machinery.
In the health sector, the company is driven by the passion to equip all medical institutions with high tech equipment while also facilitating the building of more health institutions by local or foreign investors.
MGG Advisory is the link between the full of potential Southern African country and the international community.