Bulawayo24 News - Skyes! "it makes perfect sense"

Council, war vet land saga deepens

The Marondera Municipality has sparked controversy after instructing residents and stand beneficiaries to proceed with construction on Elmswood Farm, even though ownership of the land is the subject of an ongoing High Court case.At the cen…

Published: 31 Aug 2025 at 10:35hrs | | by Staff reporter

Mutapa top official in alleged abuse of office

A senior executive at the Mutapa Investment Fund (MIF) has been accused of governance breaches and abuse of office, raising fresh concerns about accountability within Zimbabwe's sovereign wealth fund.According to internal sources, Wilfred …

Published: 31 Aug 2025 at 10:34hrs | 666 | by Staff reporter

ASIF endorses Mutapa Investment Fund

The African Sovereign Investors Forum (ASIF) has formally welcomed the Mutapa Investment Fund (MIF) as its newest member, marking a significant milestone for Zimbabwe's sovereign wealth fund.Formerly known as the Sovereign Wealth Fund of Z…

Published: 23 Aug 2025 at 14:58hrs | 161 | by Staff reporter

Mutapa blocks ZCDC diamond sale

Zimbabwe's state-owned diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), has been plunged into a deeper financial crisis after its sole shareholder, the Mutapa Investment Fund (MIF), vetoed the sale of a key diamond parcel t…

Published: 08 Aug 2025 at 08:25hrs | | 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 efforts to achieve its Vision 2030 goal of b…

Published: 28 Jul 2025 at 14:18hrs | | by Staff reporter

Mutapa, Jindal Steel seal US$455m deal

The Mutapa Investment Fund (MIF) has finalized a $455 million concession agreement with Indian conglomerate Jindal Steel and Power Company for the rehabilitation of Units 1 to 6 at Hwange Thermal Power Station, Zimbabwe's largest coal-fire…

Published: 17 Jul 2025 at 20:58hrs | 632 | 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 sweeping leadership changes across dozens of its p…

Published: 13 Jul 2025 at 16:12hrs | 682 | by Staff reporter

Zesa rebundling begins

Mutapa Investment Fund (MIF) has initiated the process of rebundling ZESA Holdings, aiming to streamline operations, enhance efficiency, and reduce costs within Zimbabwe's struggling electricity sector, MIF CEO Dr John Mangudya has confirm…

Published: 29 Jun 2025 at 11:21hrs | 7464 | by Staff reporter

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 Investment Fund (MIF), Zimbabwe's sove…

Published: 25 Apr 2025 at 07:40hrs | 384 | by Staff reporter

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 earlier disclosed figures for Kuvimba Mini…

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 driver of Zimbabwe's economic developmen…

Published: 09 Dec 2024 at 07:03hrs | | 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 overturning a High Court decision that had grante…

Published: 14 Oct 2024 at 08:10hrs | 196 | 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 Station. This investment is poised to …

Published: 29 Sep 2024 at 14:25hrs | 3281 | 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 my take:.Let's dig into this at 3 levels: techn…

Published: 04 Jul 2024 at 16:37hrs | 19 | by MMatigary

Mutapa Fund facilitates US$431m loan for NRZ

The Mutapa Investment Fund (MIF) is facilitating a US$431 million loan from Afreximbank to support the National Railways of Zimbabwe (NRZ) in its infrastructural rehabilitation efforts. This development was confirmed by MIF CEO John Mangud…

Published: 17 Jun 2024 at 09:00hrs | 7 | by Staff reporter

Mutapa portfolio grows to 66 companies

The Mutapa Investment Fund (Mutapa) manages a diverse portfolio of 66 state-owned enterprises (SOEs), their subsidiaries, and state-invested enterprises (SIEs). This portfolio includes entities in various financial positions, from profitab…

Published: 16 Jun 2024 at 09:13hrs | 44 | 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 (MIF)  - which inexplicably replaced…

Published: 11 Mar 2024 at 09:09hrs | 40 | 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 from socialism to capitalism.Russian oliga…

Published: 09 Oct 2023 at 13:50hrs | | by Staff reporter

Mnangagwa's Mutapa fiasco raises eyebrows

Observers have raised concerns over President Emmerson Mnangagwa's decision to transfer the shareholding of 20 state-owned companies to the renamed Mutapa Investment Fund (MIF) without parliamentary involvement, warning that this exposes t…

Published: 24 Sep 2023 at 09:09hrs | 2 | by Staff reporter

Mutapa looting machine

PRESIDENT Emmerson Mnangagwa is full of surprises.He wants to be seen to be doing something and, in many instances, creates new offices that in reality are as clear as mud.Mutapa Investment Fund is the latest fad that has sent the people a…

Published: 23 Sep 2023 at 21:34hrs | 2 | by Paidamoyo Muzulu

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You can leave the ghetto, but you can't remove the ghetto inside - Same with apartheid

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