Mutapa Investment Fund Says It Has Built Strong Institutional Pillars During Inaugural Year

Mutapa Investment Fund chairperson Chipo Mtasa says the sovereign wealth fund has built strong governance and institutional foundations in its first year (image source)

HARARE — Mutapa Investment Fund chairperson Chipo Mtasa says the sovereign wealth vehicle has established “strong institutional pillars” during its inaugural reporting period, prioritising governance, transparency and accountability to safeguard national assets.

In the Fund’s 2024 Annual Report, Mtasa said the board focused on disciplined oversight, risk management and alignment with international best practice as foundational elements for protecting and optimally managing Zimbabwe’s sovereign wealth. “The stewardship of national wealth demands exceptional care, foresight and integrity. The Board has upheld the highest standards of corporate governance,” she said.

Mtasa acknowledged that the Fund’s first audited financial statements reflected a range of accounting practices inherited from the 30 state-owned enterprises transferred into the portfolio. She said harmonising policies and systems across the portfolio is now a priority to improve consistency, transparency and financial discipline.

Done with a focus on transparency, accountability and alignment with national development priorities (image source)

The Fund’s investment strategy, Mtasa said, is aligned with national development priorities and concentrates on energy, logistics, industrialisation and export competitiveness. Its long-term vision is to build a resilient, diversified portfolio that secures enduring value for Zimbabwe.

Officials said the Fund will continue to refine governance frameworks, strengthen reporting standards and pursue investments that support economic transformation. Observers welcomed the emphasis on institutional rigour but urged ongoing public disclosure and independent oversight to ensure the Fund’s activities deliver measurable benefits and guard against governance risks.