MUTAPA Investment Fund (MIF) has the capacity to unlock fresh capital to resuscitate struggling entities under its ambit, leveraging its US$14,9 billion asset base, experts have said. The country’s sovereign wealth fund manages a portfolio of 30 companies, adding up to approximately 70, including associates and subsidiaries. In its inaugural annual report for 2024, released…
‘Mutapa asset base solid’
Mutapa Investment Fund, with a combined value of approximately US$15 billion — in its annual report released last month — said it needs in excess of US$10 billion in funding to restructure state-owned entities under its portfolio and boost mining and energy sectors.