Online Reporter
Mutapa Investment Fund — Zimbabwe’s sovereign wealth fund — is working to upgrade its subsidiary the National Oil Company of Zimbabwe’s fuel handling capacity from three billion to five billion litres per year, the fund’s chief executive officer, Dr John Mangudya, has said. He revealed this at the inaugural public lecture series organised by Zimpapers in partnership with the Harare Institute of Technology and Mutapa in Harare on Friday.
Farirai Machivenyika
Senior Reporter
Mutapa Investment Fund chief executive officer Dr John Mangudya appeared before the Parliament’s Public Accounts Committee today to brief them on the role of the organisation and respond to issues raised in its 2024 audited accounts.
The MIF was established in 2023 following the rebranding of the Sovereign Wealth Fund of Zimbabwe.
Dr Mangudya said the Fund serves as a State-owned investment vehicle that seeks to enhance the value of national assets for the benefit of current and future generations.
