Dr. John Mangudya, Chief Executive Officer of the Mutapa Investment Fund (MIF), delivered a compelling public lecture on the Fund’s transformative mandate and role on 30 January 2026 during a Zimpapers Public Lecture at the Harare Institute of Technology (HIT) in Harare. In his address, Dr. Mangudya illuminated the legal foundation, strategic purpose, and inspiring evolution of the Fund—from its inception as the Sovereign Wealth Fund of Zimbabwe to its dynamic reconfiguration under the Mutapa Investment Fund model.

Renamed and remodeled in September 2023, the Mutapa Investment Fund now shoulders the vital responsibility of managing Zimbabwe’s strategic state-owned enterprises (SOEs) to create lasting value. Dr. Mangudya emphasized that MIF’s core mission centers on preserving, growing, and deploying national wealth to ignite sustainable economic transformation.

As a cornerstone of Zimbabwe’s economic strategy, the Mutapa Investment Fund is set to revolutionize the management of over 30 state-owned enterprises across key sectors—including energy, mining, infrastructure, telecommunications, agriculture, and financial services. By unlocking value that has long remained dormant under fragmented public ownership, the Fund promotes enhanced corporate governance, operational efficiency, and profitability, ultimately uplifting service delivery and economic output.

Dr. Mangudya reiterated that the MIF is not designed to loot public funds, as it is formally accountable to the Minister of Finance, Economic Development and Investment Promotion, and through the minister its key annual reports are required to be tabled in Parliament for legislative oversight. Under the governance and accountability framework that the Fund operates within, MIF must prepare annual financial reports and audited financial statements, submit them to the Minister of Finance, and the minister is legally obliged to present these reports before Parliament, enabling parliamentary scrutiny of the Fund’s operations and performance.

Through the mobilization of capital and the strengthening of financial performance among its portfolio companies, the Fund champions job retention and creation, eases fiscal pressures on the national budget, and generates returns that can be reinvested into socio-economic programs. Its diversified investment approach is meticulously designed to cultivate sustainable growth, attract valuable partnerships, and support Zimbabwe’s Vision 2030, paving the way for enduring prosperity.