DT Correspondent
The Sovereign Wealth Fund of Zimbabwe, through the Mutapa Investment Fund (MIF), is committed to serving the national interest and creating value and wealth for the country, MIF chief executive officer Dr John Mangudya has said.
Speaking at the launch of MIF’s operations in Highlands on Wednesday, Dr Mangudya said the Fund’s core values of transparency, accountability, excellence, commitment, integrity, and teamwork underpin its dedication to achieving exceptional value and wealth creation performance.
“The vision of Mutapa Investment Fund is to establish a sustainable and profitable entity that prioritizes the national interest above all else.
“Our core values guide all decision-making processes, focusing on sustainable performance and teamwork for the benefit of all Zimbabweans. We must protect national assets and maximize their value for the greater good of the Zimbabwean economy.”
He also said MIF’s long-term commitment is to support the government’s economic stabilisation policy and achieve the aspirations of Vision 2030.
“By promoting good corporate governance and reinvesting profits into viable and profitable entities, Mutapa Investment Fund aims to drive economic development and stability in Zimbabwe.”
The Mutapa Investment Fund is dedicated to promoting good corporate governance and performance within its portfolio companies, ensuring their commercial viability for the benefit of all Zimbabweans.
At a group level, Mutapa Investments Fund will prioritize understanding the needs of entities under its armpit, reinvesting profits for the continuous growth and development of the nation. The Fund is poised to play a pivotal role in shaping the economic landscape of Zimbabwe, driving growth, and creating value and wealth for the benefit of all citizens and future generations.
With a strong and experienced executive team in place, Mutapa Investment Fund is positioned to make an impact on the country’s economic landscape.
The Board of the Fund which Dr Chipo Mtasa heads, is supported by an Executive Team of highly qualified and experienced individuals. The team includes Chief Investments Officer – Simba Chinyemba, Deputy Chief Investments Officer – Ernest Denhere, Executive Administration Assistant – Edith Mandianike, Chief Legal Office and Company Secretary- Varaidzo Zifudzi, Head Internal Audit and Risk – Crosswell Gwamure, Head Economic Research and Development – Forbes Kanogwere, Head of Corporate Affairs and Communication – Rugare Dhobbie, among other talented professionals.
Dr Mangudya expressed confidence in the newly appointed team, stating,
“We believe that we have assembled competent individuals who will be able to steer the Fund to success for the benefit of our dear country. Our goal is to generate value and wealth for the current and future generations in order not to leave anyone and no place behind in stabilizing the national economy, and promoting overall economic development in Zimbabwe,” says Dr Mangudya.
