President Emmerson Mnangagwa has broadened the scope of the Mutapa Investment Fund by including seven additional parastatals. This development was communicated through Statutory Instrument 51 of 2024, which was officially published in the Government Gazette on Friday, March 15.

The State’s shareholding in the following companies has been integrated into the Mutapa Investment Fund:

1. Aurex Private Limited
2. Export Credit Guarantee Corporation of Zimbabwe (Private) Limited
3. Fidelity Gold Refinery (Private) Limited
4. HomeLink Private Limited
5. HomeLink Finance (Private) Limited
6. ZESA Holdings Private Limited
7. ZESA Enterprises Private Limited

These incorporations align with section 14(6) of the Sovereign Wealth Fund of Zimbabwe Act [Chapter 22:20] (No. 7 of 2014) and were made following consultations with the Mutapa Investment Fund board.

Notably, the leadership of the Mutapa Fund will be entrusted to the outgoing Reserve Bank of Zimbabwe governor, John Mangudya, who will take on the role of chief executive officer.

Furthermore, President Mnangagwa’s revision of the Sovereign Wealth Fund of Zimbabwe Act (SI 56 of 2023) facilitated the transfer of the government’s shareholdings in 20 entities to the fund.