Mutapa Fund engages ZimStat for evaluation

Published: 11 August 2025

The Mutapa Investment Fund (MIF), Zimbabwe's first Sovereign Wealth Fund, has commissioned the Zimbabwe National Statistics Agency (ZIMSTAT) to independently assess the economic impact of companies within its portfolio.

Established under the Sovereign Wealth Fund Act of 2014 and renamed by President Emmerson Mnangagwa in September 2023, MIF aims to leverage resources from the mining sector and other natural assets to drive sustainable long-term growth and development across the country.

Finance Minister Mthuli Ncube announced the engagement of ZIMSTAT during the presentation of the Mid Term Budget Review, stating that the survey to determine the contribution of MIF's portfolio companies to the Gross Domestic Product (GDP) was completed in April 2025, with the final report currently being prepared.

"Mutapa engaged the Zimbabwe Statistical Agency (ZIMSTAT) to conduct a survey to establish the contribution of its portfolio companies to the Gross Domestic Product (GDP)," said Ncube.

"ZIMSTAT concluded the survey in April 2025 and finalisation of the report is in process. Going forward, similar exercises will be done regularly to assess the changes in the portfolio companies' contribution to GDP."

This evaluation forms part of broader efforts to strengthen public accountability and governance through external oversight mechanisms.

Historically, state-owned enterprises once contributed about 40% of Zimbabwe's GDP during the 1990s. However, their contribution has sharply declined over the years, forcing many parastatals to rely heavily on government subsidies for survival.

The establishment of MIF is widely viewed as a strategic move to revive these parastatals and realign them towards profitability.

Minister Ncube also highlighted ongoing collaborations between MIF and the Zimbabwe Electricity Supply Authority (ZESA) aimed at tackling the country's persistent power shortages. Initiatives include increasing base load capacity alongside implementing prepaid, net, and smart metering systems.

"Based on the current and projected investments in the energy sector, the Fund is optimistic that load shedding will be significantly minimised in the outlook period, not least because of the rehabilitation of Hwange Units 1 to 6 under a Rehabilitate Operate and Transfer concession agreement between Zimbabwe Power Company and Jindal Africa," Ncube added.

The MIF's efforts to revive key sectors signal a focused approach to stabilising Zimbabwe's economy and improving public service delivery.
- NewZimbabwe

Tags: Mutapa,