Search / Sovereign wealth
Marange communities protest ZCDC retrenchments
Communities in Zimbabwe's diamond-rich Marange fields have launched a rare protest against the state-owned Zimbabwe Consolidated Diamond Company (ZCDC), demanding an immediate halt to a retrenchment e...Published: 01 Aug 2025 at 13:06hrs | 363 | by Staff reporter
Mutapa, RBZ push for economic transformation
The Mutapa Investment Fund and the Reserve Bank of Zimbabwe (RBZ) have pledged to play pivotal roles in driving economic transformation and ensuring financial stability as the nation accelerates effor...Published: 28 Jul 2025 at 14:18hrs | 202 | by Staff reporter
Mutapa to shake-up State firms
Mutapa Fund Plots Major Shake-Up of State-Owned Enterprises to Enforce Governance and ProfitabilityZimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, is preparing to roll out swe...Published: 13 Jul 2025 at 16:12hrs | 676 | by Staff reporter
Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 01 Jul 2025 at 12:05hrs | 194 | by Brighton Musonza
Lithium rush a crossroads for Zimbabwe's future
Africa, which holds significant estimated shares of the world's total reserves of bauxite (24%), cobalt (49.4%), copper (7%), graphite (21%), lithium (6%), manganese (43%), nickel (4.2%) and rare eart...Published: 24 Jun 2025 at 10:27hrs | 316 | by Sikhululekile Mashingaidze and Stephen Buchanan-Clarke
IMF withholds Zimbabwe reform programme
The International Monetary Fund (IMF) has signalled that Zimbabwe's much-anticipated Staff Monitored Programme (SMP) - a critical step in the country's economic reform and debt resolution strategy - w...Published: 20 Jun 2025 at 07:39hrs | 2217 | by Staff reporter
Mberengwa villagers praise Kuvimba Mining House
Mberengwa, Midlands Province - Villagers in Mberengwa district have applauded Kuvimba Mining House (KMH) for generating employment opportunities for local youths and easing social pressures within the...Published: 07 Jun 2025 at 10:42hrs | 225 | by Staff reporter
Zimbabwe Generals are all style and no substance!
As I sit in my library in a far away foreign country, I see clearly what my brothers on the ground in Zimbabwe fail to see.An Ashanti idiom that says chickens are too close to the ground to se...Published: 11 May 2025 at 16:41hrs | 1675 | by Kenneth Mufuka
Mutapa clarifies Kuvimba's US$1,9 billion acquisition
The Government of Zimbabwe has provided clarity on the funding structure used for its acquisition of a 35 percent stake in Kuvimba Mining House (KHM), the country's largest mining asset, by the Mutapa...Published: 25 Apr 2025 at 07:40hrs | 381 | by Staff reporter
Journalism is not a crime, but looting national resources surely is!
On Monday, February 24, 2025, Blessed Mhlanga, a senior journalist with Alpha Media Holdings, handed himself over to the Zimbabwe Republic Police at Harare Central Police Station.Hours later, ...Published: 26 Feb 2025 at 22:04hrs | 624 | by Tendai Ruben Mbofana
Removing Mukuru will open Pandora's box!
Whether we are in the Diaspora or in the homeland, events unfolding in Zimbabwe will affect us all. The story of Pandora comes from the Greek poem, Theogony by Hesiod circa 700 BC. Once a...Published: 23 Feb 2025 at 18:09hrs | 2774 | by Kenneth Mufuka
Tshabangu's MPs question validity of Mutapa Investment Fund valuation
Opposition parliamentarians have raised concerns over the validity of the Mutapa Investment Fund's (MIF) asset valuation, pointing to discrepancies between the reported US$16 billion valuation and ear...Published: 22 Dec 2024 at 11:13hrs | 806 | by Staff reporter
'Mutapa Fund will become Zimbabwe's economic bedrock'
Finance, Economic Development, and Investment Promotion Minister, Mthuli Ncube, has expressed strong confidence in the future of the Mutapa Investment Fund (MIF), highlighting its potential as a key d...Published: 09 Dec 2024 at 07:03hrs | 680 | by Staff reporter
Mutapa to acquire drug producer CAPS Holdings
Zimbabwe's sovereign wealth fund, the Mutapa Investment Fund, is set to acquire local healthcare and drug manufacturing giant CAPS Holdings, despite a Supreme Court ruling earlier this year overturnin...Published: 14 Oct 2024 at 08:10hrs | 194 | by Staff reporter
Telecel Zimbabwe faces scandal over disappearance of generators
Telecel Zimbabwe, one of the country's three mobile telecommunications companies, is embroiled in a scandal following the alleged theft of 20 generators used to provide backup power to its network tow...Published: 13 Oct 2024 at 12:20hrs | 345 | by Staff reporter
Mutapa assets valued at US$16bn
A comprehensive valuation of companies under the Mutapa Investment Fund (MIF), carried out by prominent local and international accounting firms over the past five months, has placed the total value o...Published: 06 Oct 2024 at 10:02hrs | 292 | by Staff reporter
Zimbabwe records growth across sectors
Zimbabwe is making notable strides in various economic sectors despite the challenges posed by climate change-induced droughts and Western-imposed sanctions, President Emmerson Mnangagwa said during h...Published: 03 Oct 2024 at 08:45hrs | 78 | by Staff reporter
Zimbabwe's Mutapa Fund clinches US$350m power deal
The Mutapa Investment Fund (MIF) has approved a significant joint venture valued at US$350 million between Indian firm Jindal Africa Investments and Zesa to refurbish six units at Hwange Thermal Power...Published: 29 Sep 2024 at 14:25hrs | 3281 | by Staff reporter
'Chivayo, MIF wanted 50% stake in Starlink deal'
Starlink reportedly declined a proposal for a 50% stake in its Zimbabwean operations from Wicknell Chivayo's Intratrek Zimbabwe (IMC) and the Mutapa Investment Fund (MIF) ahead of its launch in the co...Published: 07 Sep 2024 at 15:16hrs | 7511 | by Staff reporter
Invictus Energy reclassified its Zimbabwe operation
Australian energy firm Invictus Energy Limited has reclassified itself from an explorer to a developer as it moves towards becoming a producer. This shift follows significant gas and oil discoveries a...Published: 28 Aug 2024 at 13:25hrs | 2048 | by Staff reporter
Chiwenga to officiate at Investment Forum
The Ministry of Industry and Commerce is preparing to host the Investment Forum next Monday, attracting key stakeholders and policymakers from across Africa. The forum, held in collaboration with the ...Published: 26 Jul 2024 at 06:38hrs | 210 | by Staff reporter
The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 19 | by MMatigary
Shareholders cream off US$1,6b from Mutapa
Zimbabwe's debt restructuring talks are at risk following revelations that the country's liabilities may have increased due to a secretive US$1.6 billion payment to unknown shareholders under the sove...Published: 04 Jul 2024 at 09:33hrs | 23 | by Staff reporter
Court judgement could see 70% of mines shut down in Zimbabwe
HARARE - A large majority of Zimbabwe's mines risk losing their mining permits after the High Court ruled that miners should first obtain an environmental impact assessment certificate (EIAC) before b...Published: 08 Apr 2024 at 21:09hrs | 76 | by ZimLive
Zimbabwe central bank summons Bank CEOs
The Reserve Bank of Zimbabwe (RBZ) has summoned chief executives of key financial institutions, specifically banks, for a meeting tomorrow morning ahead of the much-anticipated launch of a new currenc...Published: 04 Apr 2024 at 10:29hrs | 2 | by Staff reporter
Tagwirei-linked firm in Zisco 'asset stripping orgy'
The much-hyped takeover of the Zimbabwe Iron and Steel Company (Zisco) by Kuvimba Mining House has failed to change the fortunes of the steelmaker amid allegations that the firm linked to businessman ...Published: 31 Mar 2024 at 15:20hrs | 2 | by Staff reporter
New RBZ Governor to hit the ground running
Incoming Reserve Bank of Zimbabwe governor John Mushayavanhu is set to hit the ground running after his official appointment from today - 28 March 2024 - for a five year tenure to 27 March 2029 with i...Published: 28 Mar 2024 at 15:45hrs | 2 | by Staff reporter
Tagwirei amassed his wealth through legal means
Former opposition politician Eddie Cross has defended Zanu-PF-affiliated business magnate Kudakwashe Tagwirei, asserting that the billionaire's wealth was accumulated through lawful means.Tagw...Published: 25 Mar 2024 at 06:31hrs | 28 | by Staff reporter
Cross fights in Tagwirei's corner
BUSINESS tycoon Kudakwashe Tagwirei made his wealth in the fuel sector and did not use any political connections to achieve his status, President Emmerson Mnangagwa's biographer Eddie Cross has said....Published: 25 Mar 2024 at 05:29hrs | 4 | by Staff reporter
'Mutapa Investment Fund mustn't become conduit for looting'
AS prevalence of public sector corruption reaches alarming levels, the International Monetary Fund (IMF) has demanded that Zimbabwean authorities ensure the newly-established Mutapa Investment Fund (M...Published: 11 Mar 2024 at 09:09hrs | 38 | by Staff reporter
Mnangagwa's Mutapa fund plots parastatals shake-up
The MUTAPA Investment Fund (MIF), previously criticized as a conduit for elite enrichment, has declared its commitment to establishing robust governance frameworks aimed at reining in reluctant State ...Published: 11 Mar 2024 at 04:57hrs | 3 | by Staff reporter
Mnangagwa govt is getting crazier
IF you are a Zimbabwean citizen or resident and still want to live on, you need super strong shock absorbers because the Mnangagwa administration is capable of crazy things that can easily kill you....Published: 11 Feb 2024 at 21:07hrs | | by Staff reporter
Mnangagwa exempts 21 entities from scrutiny
President Emmerson Mnangagwa has exempted 21 public entities from scrutiny in procurement and disposal of assets.The Reserve Bank of Zimbabwe, AFC Commercial Bank, Infrastructure Develop...Published: 09 Feb 2024 at 06:58hrs | | by Staff reporter
Mr Mnangagwa where are the ZUPCO buses purchased in 2019?
The Citizens Coalition for Change raises critical questions surrounding the fate of ZUPCO buses reportedly bought and commissioned by Mr. Mnangagwa in 2019, as citizens grapple with transport challeng...Published: 12 Jan 2024 at 06:22hrs | 1 | by Staff reporter
CCC MPs sold out
THE Citizens Coalition for Change (CCC) on Thursday had a bloodrush to the head. They caused a mini commotion in the National Assembly and took with them down the people of Zimbabwe when they received...Published: 17 Dec 2023 at 18:09hrs | 1 | by Paidamoyo Muzulu
Mnangagwa ruined Zanu-PF business empire
THE predictable appointment of FBC Holdings chief executive John Mushayavanhu as the incoming Reserve Bank of Zimbabwe (RBZ) governor has completed President Emmerson Mnangagwa's critical post-electio...Published: 12 Dec 2023 at 18:00hrs | 32 | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | 6 | by Staff reporter
Blind power consolidation renders Mnangagwa weak
LEGAL and parliamentary affairs independent think-tank Veritas has expressed misgivings over the roles and duties which President Emmerson Mnangagwa assigned to himself and vice-presidents amid concer...Published: 23 Nov 2023 at 06:46hrs | 1 | by Staff reporter
Mnangagwa appoints Mutapa Investment Fund board
President Mnangagwa has approved the appointment of a seven member Mutapa Investment Fund board to be chaired by Dr Chipo Mutasa.A recent Statutory Instrument gazetted by President Mnangagwa i...Published: 06 Nov 2023 at 20:54hrs | 15 | by Staff reporter
Mnangagwa consolidates grip over investment fund
President Emmerson Mnangagwa has retained control of the Mutapa Investment Fund (MIF), raising concerns about potential widespread corruption resulting from housing 20 state-owned enterprises (SOEs) u...Published: 03 Nov 2023 at 14:54hrs | 14 | by Staff reporter
Govt seeks to set up sugar mill
The government is preparing to establish a new sugar milling company in the Lowveld region after its unsuccessful attempt to purchase Tongaat Hulett, one of the country's major sugar estates. Tongaat ...Published: 01 Nov 2023 at 05:56hrs | 3 | by Staff reporter
Lawyer takes Mnangagwa to court
HARARE lawyer and businessman Frederick Nyamande has taken President Emmerson Mnangagwa to court following the promulgation of the controversial Mutapa Investment Fund which he argues allows the head ...Published: 09 Oct 2023 at 13:51hrs | 2 | by Staff reporter
Mnangagwa's Mutapa Fund likely to create oligarchs
FEARS abound that President Emmerson Mnangagwa's self-serving Mutapa Investment Fund project has hallmarks of how Russian state assets were sold for a song or brazenly stolen during its transition fro...Published: 09 Oct 2023 at 13:50hrs | | by Staff reporter
Zimbabwe's govt to privatise 20 enterprises under Mutapa
The government is considering removing the public entity status of the 20 State-owned enterprises (SOEs) that fall under the Mutapa Investment Fund, leading to debates regarding their procurement exem...Published: 03 Oct 2023 at 06:21hrs | 5 | by Staff reporter
Zimbabwe Treasury has not exempted state enterprises from procurement rules
The state enterprises under the Mutapa sovereign wealth fund still have to comply with procurement rules despite an exemption issued for the fund itself, The Ministry of Finance says.In a gove...Published: 02 Oct 2023 at 19:57hrs | 4 | by Staff reporter
WATCH: George Guvamatanga sets the record straight on Mutapa fund exemptions
Treasury Secretary George Guvamatanga says they have not exempted nearly two dozen state companies in which the Mutapa Sovereign Wealth Fund holds shares from public procurement procedures. He maintai...Published: 02 Oct 2023 at 19:46hrs | 1 | by Staff reporter
Kasukuwere to challenge Mnangagwa's 'looting scheme' in court
Saviour Kasukuwere, a former Zanu-PF commissar in exile, has signaled that his movement is contemplating legal action against President Emmerson Mnangagwa's recent decision to shield the procurement p...Published: 01 Oct 2023 at 14:34hrs | | by Staff reporter
Kasukuwere challenges Mnangagwa secrecy bid
Ex-minister Saviour Kasukuwere, barred from running for president, says the Mutapa Sovereign Wealth Fund and a decree by President Mnangagwa exempting nearly 2 dozen companies from public procurement ...Published: 01 Oct 2023 at 08:00hrs | 3 | by Staff reporter
Mnangagwa exempts state firms from Public Procurement scrutiny
President Emmerson Mnangagwa has taken steps to protect selected state-owned companies operating under the Mutapa Investment Fund (MIF) from public procurement regulations.Mnangagwa officially...Published: 30 Sep 2023 at 07:57hrs | 6 | by Staff reporter
Time CCC show its cards
THE election tide is past and now we can see who was swimming naked.So much was promised during the election season and the period to deliver starts here and now.President Emmerson Mna...Published: 30 Sep 2023 at 07:52hrs | 1 | by Paidamoyo Muzulu
Load More Stories
