Company type | Government owned |
---|---|
Industry | Diversified investments |
Founded | 2020 |
Headquarters | , |
Area served | Zimbabwe |
Key people |
|
Revenue | not disclosed |
not disclosed | |
not disclosed | |
Total assets | $97.5 million (2015 [1] ) |
Owner | Government of Zimbabwe |
Number of employees | not disclosed yet |
Parent | Finance Ministry |
Mutapa Investment Fund, formerly known as the Sovereign Wealth Fund of Zimbabwe is a Zimbabwean sovereign wealth fund formulated by the Sovereign Wealth Fund Act (Chapter 22:20). [2] It was renamed after the re-election of Emmerson Dambudzo Mnangagwa as the president of Zimbabwe, doing so by using Statutory Instrument 156 of 2023. [3] It is a state-owned investment fund established from the balance of payment surpluses, official foreign currency operations, the proceeds of privatisation, government transfer payments, fiscal surpluses and resource earnings. [4] It manages 20 parastatal entities. [5]
In 2013, the parliament of Zimbabwe drafted the Sovereign Wealth Fund Bill. It was then passed and the SWFZ come into existence in 2014. [2]
There is a lot of outcry among people from various groups[ who? ] concerning the renaming and restructuring of Mutapa Investment Fund. [6]
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