Business Reporter
THE Mutapa Investment Fund (MIF) CEO, Dr John Mangudya is poised to take the first bold step by facing members of the public and respond to all questions in a gesture testifying commitment towards unconditional accountability.
The MIF is Zimbabwe’s sovereign wealth fund, established to manage strategic state-owned enterprises (SOEs) and build generational wealth for the nation. Originally formed in 2014 as the Sovereign Wealth Fund of Zimbabwe, it was renamed and significantly expanded in September 2023.
Accomplished banker and former Reserve Bank of Zimbabwe, Dr John Mangudya is serving as the MIF inaugural CEO who has spearheaded the entire set up from scratch.
“In conjunction with Zimpapers, the MIF will host a Public Lecture Series title Unpacking Mutapa Investment Fund .The event scheduled for Friday 30 January at the Harare Institute of Technology will respond to all questions the public needs to know about Zimbabwe’s Sovereign Wealth Fund,” a statement released ahead of the event said.
The Public Lecture comes at a very opportune moment following critical work of structuring the MIF and giving it clear operational framework with a significant restructuring of over 30 state-owned enterprises (SOEs) into a US$16 billion asset-based portfolio since its re-designation in September 2023.
The fund has amassed a diverse portfolio of over 30 SOEs and strategic investments valued at approximately US$16 billion as of June 2024, including stakes in Kuvimba Mining House, ZESA, NRZ, and TelOne.
MIF has deployed US$100 million to various portfolio companies by September 2025 to improve efficiency and turn them into profitable enterprises over and above establishing established a five-point “FIRE” strategy (Fix, Invigorate, Reinforce, Extract) to address underperformance, corruption, and management inefficiencies in state firms.
During the short period from establishment, international partnerships have been forged through the signing of a joint project preparation facility framework agreement with the African Export-Import Bank (Afreximbank) to drive infrastructure development.
In October 2025, the Mutapa Investment Fund was admitted as a member of the Africa Sovereign Investors Forum (ASIF).
