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Tuesday, March 27, 2018

Old Mutual to invest $25 million in hostels | The Times Group

Old Mutual to invest $25 million in hostels | The Times Group:



Old Mutual to invest $25 million in hostels

Posted By: William Kumwembe on: March 27, 2018 In: Business No Comments

Old Mutual Investment Group has unveiled plans to invest $25 million [about Kl 8.3 billion] into a

public university hostels construction project.

The firm plans to complete the project within two years using pension funds and funds from yet-to-

be-disclosed development partners.

Old Mutual Group Chief Executive Officer, Edith Jiya, said this in Blantyre on Friday on the

sidelines of a signing ceremony of an agreement between one of the two successful bidders for

the project, M and M Consortium, representatives of the universities, government and the Public

Private Partnership Commission (PPPC).


'via Blog this'

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