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Mutapa Fund, the Game-Changer for Zimbabwe’s Economic Stability and Growth – Mangudya
By Ross Moyo
Dr. John Panonetsa Mangudya, the inaugural CEO of the Mutapa Fund and former Governor of the Reserve Bank of Zimbabwe, outlined the fund’s vision and objectives during his first meeting with staff. In line with President Mnangagwa’s Vision 2030, the Mutapa Fund aims to act as a stabilization fund, anchoring the government’s long-term economic stabilization policy.
Dr. Mangudya emphasized that the fund, formerly known as the sovereign wealth fund, has been upgraded and extended to prioritize national interests over personal ones, ensuring all Zimbabweans benefit. A significant block of State-owned Enterprises and parastatals have been placed under Mutapa’s control to maintain profitability, build investment assets, and promote economic growth.
“As a key objective in the long-term economic stabilisation policy of the Government, Mutapa Investment Fund is dedicated to building a stabilisation fund that will support the nation’s economic growth and development in line with the aspirations of Vision 2030.”
The Mutapa Fund focuses on value and wealth creation for the nation, driving economic development and stability through good corporate governance and reinvesting profits into viable entities. At the group level, Mutapa will prioritize understanding the needs of its entities and reinvest profits for continuous growth and development.
Dr. Mangudya stressed that all employees should prioritize national interest, safeguard national assets, and work towards creating a sustainable and profitable entity that serves the nation above all.
“The vision of Mutapa Investment Fund is to create a sustainable and profitable entity that serves the national interest above all. We need to safeguard national assets and to sweat them for the greater good of the Zimbabwean economy.”
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