‘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.

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…

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