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Mutapa Investment Fund information


Mutapa Investment Fund
Company typeGovernment owned
IndustryDiversified investments
Founded2020
Headquarters
Norton
,
Zimbabwe
Area served
Zimbabwe
Key people
  • Mthuli Ncube, Finance Minister
  • Kuda Mnangagwa, Deputy Finance Minister
  • Chipo Mutasa, Board Chairman
  • John Mangudya, CEO
  • Simbarashe Chinyemba, CIO
Revenuenot disclosed
Operating income
not disclosed
Net income
not disclosed
Total assets$97.5 million (2015 [1])
OwnerGovernment of Zimbabwe
Number of employees
not disclosed yet
ParentFinance Ministry

Mutapa Investment Fund, formerly known as the Sovereign Wealth Fund of Zimbabwe is a Zimbabwean sovereign wealth fund formulated by the Sovereign Wealth Fund Act (Chapter 22:20).[2] It was renamed after the re-election of Emmerson Dambudzo Mnangagwa as the president of Zimbabwe, doing so by using Statutory Instrument 156 of 2023.[3] It is a state-owned investment fund established from the balance of payment surpluses, official foreign currency operations, the proceeds of privatisation, government transfer payments, fiscal surpluses and resource earnings.[4] It manages 20 parastatal entities.[5]

  1. ^ "Sovereign Wealth Fund of Zimbabwe (Mutapa Investment Fund) - Sovereign Wealth Fund, Zimbabwe - SWFI". www.swfinstitute.org.
  2. ^ Independent, The Zimbabwe. "Sovereign Wealth Fund - Zimbabwe Independent". The Zimbabwe Independent. Retrieved 2023-10-01.
  3. ^ Mutowekuziva, Tracy. "Is Zim ready for Sovereign Wealth Fund?". The Zimbabwe Independent. Retrieved 2023-10-01.
  4. ^ Host-Madsen, Poul (July 1962). "Asymmetries between Balance of Payments Surpluses and Deficits". Staff Papers - International Monetary Fund. 9 (2): 182. doi:10.2307/3866114. ISSN 0020-8027.
  5. ^ "New Mutapa fund takes over shares in 20 entities". The Herald. Retrieved 2023-10-01.

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