The government has become evasive on the value accumulated by the Mutapa Investment Fund (MIF) since its reconfiguration, with the entity’s operations remaining opaque.
Formerly the Sovereign Wealth Fund (SWF), the MIF was established by an Act of Parliament in 2024. It was renamed the Mutapa Fund through Statutory Instrument 156 of 2023 by President Emmerson Mnangagwa, using the Presidential Powers (Temporary Measures) Act.
The MIF oversees the operations of state-owned entities such as ZUPCO,…
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