“If this figure is accurate, then about four-fifths of the US$1,9 billion debt incurred to allow Mutapa to revive failing State-owned enterprises has been used to pay a few private individuals.

There are 30 State-owned enterprises (SoEs) and parastatals under Mutapa, which gives it a portfolio of 66 firms, including intermediary holding companies, operational and dormant entities ...

MUTAPA Investment Fund chief executive officer John Mangudya says the Export Credit Guarantee Corporation of Zimbabwe (ECGC) is poised to expand its reach and impact under the sovereign wealth fund.

The measures, contained in a draft Finance Bill prepared by Treasury to actualise several reforms introduced in the 2024 National Budget last week, bring the fund closer to being an asset manager.