Online Reporter
Martin Kadzere
The Mutapa Investment Fund is structuring funding arrangements for various entities under its portfolio, with US$40 million already disbursed, chief executive Dr John Mangudya said.
Companies that have already benefited from the funding include the Cold Storage Company (CSC), which recently emerged from corporate rescue, ZUPCO, Silo Foods, and the National Railways of Zimbabwe (NRZ), among others, Dr Mangudya said during a sideline interview this afternoon at the Zimbabwe Staff College, where he had just delivered a public lecture.
“We want to improve the performance of these entities in line with the national agenda,” Dr Mangudya said.
Mutapa is the country’s sovereign wealth fund established by an Act of Parliament.
It is a strategic investment arm of the Government, which was capitalised with shares in selected State-owned enterprises and investments.
The fund manages a broad portfolio of companies from different sectors of the economy, which are divided into clusters, namely: mineral resources; energy and trading; information communication technology; transport and logistics; agriculture and industries; financial services; as well as real estate.
