Mutapa assets rise to US$16.5bn

Published: 16 April 2026

Zimbabwe's Mutapa Investment Fund (MIF) says its total assets grew to US$16.5 billion in 2025, up from US$14.9 billion a year earlier, as the sovereign wealth fund advances a restructuring drive aimed at strengthening its balance sheet and repositioning state-linked companies.

The fund said the increase reflects ongoing efforts to stabilise and optimise its investment portfolio during a transitional phase focused on long-term value creation.

Board chair Chipo Mtasa expressed confidence in the fund's trajectory while presenting the 2025 abridged audited financial results.

"It is with a sense of pride and renewed optimism that I present the results of the Mutapa Investment Fund (MIF) for the 2025 financial year," Mtasa said.

"Our mandate to safeguard, grow, and strategically deploy national wealth continues to guide our decisions and underpin our commitment to operational excellence," she added.

MIF said its strategy remains anchored on building sustainable value across key sectors, including mining, energy, infrastructure and financial services, where many of its portfolio companies are concentrated.

Despite the strong asset growth, the fund cautioned that immediate returns will remain limited as it prioritises restructuring and recapitalisation.

"While short-term cash generation remains constrained, this is a direct consequence of intentional recapitalisation and turnaround initiatives," Mtasa said.

The update highlights MIF's continued shift toward long-term portfolio strengthening, even as it navigates the financial and operational challenges associated with transforming state-owned enterprises.
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