Story by Stanley James, Business Editor
ZIMBABWE’S sovereign wealth manager, the Mutapa Investment Fund (MIF), has outlined an ambitious 2026 agenda centred on the recapitalisation of companies under its control, as part of efforts to safeguard the value of national assets, strengthen state-owned enterprises and improve livelihoods.
Since its establishment, the Mutapa Investment Fund has positioned itself as a key instrument in the turnaround of strategic public entities and the broader economy. Modelled on regional and international sovereign wealth funds, MIF is mandated to revive national assets, promote job creation and attract both domestic and foreign investment.
Outlining the fund’s priorities for the coming year, MIF Chief Executive Officer Dr John Mangudya said the focus was now shifting towards resource mobilisation and capital raising to ensure long-term sustainability.
“The first step was to focus on what we can do to accelerate growth and now, since that aspect has been achieved, it is now all about identifying the key focus on resource mobilisation and capital raising initiatives to sustain the operations of all those entities under our portfolio.”
The country’s Sovereign Fund, worth around US$16 billion, is also focusing on raising more funds to sustain the operations of over 60 state-owned utilities under its purview.
“Kuvimba Mining Company, as our flagship, needs recapitalisation and we shall do further steps by courting local and foreign investors to inject fresh capital for the growth of the entities and create value for our parastatals,” Dr Mangudya noted.
Having released its first set of audited financial statements, the public is expecting continued disciplined governance to preserve wealth for state-owned entities.
