Business Reporter
ACCOMPLISHED banker and Mutapa Investment Fund (MIF) CEO, Doctor John Mangudya has vowed to harness the potential with the Export Credit Guarantee Corporation of Zimbabwe (ECGC) for wealth creation.
The ECGC offers export and domestic insurance packages to provide protection against commercial and political risks inherent in global and domestic trade.
He made the remarks during the ECGC’s 25th anniversary celebrations last Friday where he saluted the corporation’s achievement and its commitment in supporting economic development.
“As part of the Mutapa Investment Fund, ECGC now stands to benefit from the strategic oversight of Zimbabwe’s sovereign wealth fund. The Mutapa Investment Fund, with its diverse portfolio and robust governance framework, provides the necessary support for ECGC to expand its reach and impact.
“This underscores the government’s commitment to leveraging strategic investments for national development, and I urge ECGC to take advantage of this opportunity.”
The former Reserve Bank of Zimbabwe exchequer urged ECGC to continuously innovate its product portfolio to meet the ever-changing market requirements by introducing products that were relevant to the “peculiar” Zimbabwean market.
“Formed under the central bank and now under the Mutapa Investment Fund, ECGC has consistently demonstrated its commitment to providing innovative products that mitigate risks and foster economic growth,” Mangudya said.
The ECGC is the country’s leading export credit agency.
