Published: 14 May 2025

The 50th annual congress of the Zimbabwe Association of Pension Funds (ZAPF) opened in Victoria Falls on Wednesday, marking a significant milestone in the country's pension industry. With the theme “50 Years Together: Shaping Tomorrow, Today. Building on the Past, Embracing the Future,” the three-day event brings together key stakeholders to reflect on five decades of progress while charting a path forward for a rapidly evolving sector.

The congress, which has drawn pension fund managers, regulators, policymakers, and financial experts from across Zimbabwe, kicked off on a high note with a series of networking and recreational activities. Delegates engaged in a golf tournament, scenic game drives, and sunset cruises along the Zambezi River - setting a relaxed yet collaborative tone for the discussions ahead.

Formal proceedings are scheduled to begin on Thursday with a welcome address by ZAPF chairman Williefaston Chibaya. The day's agenda will feature insightful presentations on pension fund design, investment strategies, and the regulatory frameworks governing the industry.

Among the headline speakers is renowned analyst Farai Gaba, who will offer a deep dive into models of state service pensions, highlighting challenges and opportunities for reform. Former Deputy Prime Minister and respected academic Professor Arthur Mutambara will deliver a keynote address on the transformative potential of artificial intelligence in pension fund management - a topic expected to spark keen interest as technology continues to reshape financial services.

Finance and Economic Development Minister Mthuli Ncube is also expected to give a keynote address, focusing on government policy direction and fiscal sustainability in relation to national pension obligations and retirement security.

Friday will see the congress delve into risk management practices, evolving legal frameworks, and emerging global trends impacting pensions. The day will feature panel discussions with prominent industry voices such as Wadzanai Phiri, Cornelius Mubi, and Peter Kadzere, who are expected to tackle pressing issues like fund governance, inflation protection, and cross-border investment dynamics.

The congress will conclude with a gala dinner celebrating 50 years of ZAPF's contribution to Zimbabwe's socio-economic development. Organisers say the event serves not only as a moment of reflection, but also as a strategic platform to position the pension sector as a key pillar in national economic planning, financial inclusion, and long-term social security.
- the independent