2023: Zimbabwe's Mutapa Investment Fund receives shares of state-owned enterprises, appoints John Mangudya as CEO, and focuses on long-term socio-economic development.

Zimbabwe's Mutapa Investment Fund (MIF), previously a Sovereign Wealth Fund, aims to create generational wealth, support gov't objectives, and stabilize the economy. In 2023, MIF receives shares of state-owned enterprises to improve governance. John Mangudya, former Reserve Bank governor, is appointed as CEO. The fund must focus on long-term socio-economic development, transparency, and avoiding risky investments, with a focus on reindustrializing Zimbabwe, developing regional economies, and improving access to services.

August 01, 2024
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