Business Reporter
THE highly reputable African Sovereign Investors Forum (ASIF) has endorsed the Mutapa Investment Fund (MIF) membership.
Mutapa Investment Fund, formerly known as the Sovereign Wealth Fund of Zimbabwe is a Zimbabwean sovereign wealth fund formulated by the Sovereign Wealth Fund Act (Chapter 22:20).[3] .
It was renamed after the re-election of Emmerson Dambudzo Mnangagwa as the president of Zimbabwe, doing so by using Statutory Instrument 156 of 2023.
It is a state-owned investment fund established from the balance of payment surpluses, official foreign currency operations, the proceeds of privatisation, government transfer payments, fiscal surpluses and resource earnings.
Official records show that MIF was recently admitted into the ASIF membership – a move which is set to enhance the MIF engagemet with strategic counterparts on the continent.
“ASIF 2025 also welcomed new members, including Ghana’s Petroleum Fund and Zimbabwe’s Mutapa Investment Fund, bringing total membership to 17 African countries.
The forum concluded with the formation of three working groups to drive outcomes in agricultural development, climate finance, and data infrastructure,” reads the ASIF statement in part.
The ASIF Council is expected to reconvene later in 2025 to review milestones and agree on follow-up investment frameworks.
The ASIF is a multilateral platform uniting sovereign investors from across the continent to support Africa’s sustainable development and ensure the transfer of wealth to future generations.
Launched in June 2022, ASIF began with 10 founding members and has since expanded to include 15 sovereign investors.
The organisation facilitates Cross-Border Collaboration between Africa’s sovereign wealth funds to pool resources and expertise for larger impact investments.
It is also involved in Strategic Investments where it targets key sectors such as infrastructure, agriculture, industrialization, and climate resilience to promote sustainable growth.
ASIF is also active in building economic stability through diversification of investments and reduced dependency on volatile revenue sources.
