BUSINESS NEWS

Mutapa's 2025 accounts still throw up red flags

Mutapa Investment Fund is positioning its mining portfolio as the central pillar of a capital-raising strategy that aims to unlock more than US$475 million in new financing, signalling a shift toward ...

By Staff reporter | Published: 20 April 2026

INDUSTRIALS & ENERGY

Dairibord bets US$11,8m on capacity expansion

Dairibord Holdings has intensified its investment drive, committing US$11,83 million in 2025 towards expanding production capacity, improving efficiency and reducing long-term operating costs, in what...

By Staff reporter | Published: 20 April 2026

BUSINESS NEWS

Mutapa Fund seals US$1bn financing deals

  Zimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, secured more than US$1 billion in financing deals during 2025, marking a shift from project planning to execution across ke...

By Staff reporter | Published: 17 April 2026

BUSINESS NEWS

Mutapa gets qualified audit

Zimbabwe's Mutapa Investment Fund (MIF) has received a qualified audit opinion for its 2025 financial statements, with auditors flagging non-compliance with key international accounting standards and ...

By Staff reporter | Published: 16 April 2026

BUSINESS NEWS

Mutapa surplus jumps to US$21.7m

Zimbabwe's Mutapa Investment Fund (MIF) reported a sharp rise in profitability, posting a surplus of US$21.7 million for the year ended December 2025, up from US$3.6 million in the prior year.Chief ex...

By Staff reporter | Published: 16 April 2026

BUSINESS NEWS

Mutapa assets rise to US$16.5bn

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...

By Staff reporter | Published: 16 April 2026

BUSINESS NEWS

Zimbabwe to reforms Mutapa Investment Fund

The Zimbabwean government is planning comprehensive reforms to the Mutapa Investment Fund, aiming to position the country's sovereign wealth vehicle at the centre of efforts to restructure and commerc...

By Staff reporter | Published: 11 December 2025

BUSINESS NEWS

Mutapa pumps US$100m into State firms in turnaround drive

The Mutapa Investment Fund injected US$100 million into its portfolio of State-owned enterprises (SOEs) in the nine months to September 30, 2025, as part of efforts to transform more than half of the...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Mutapa injects US$40m to revive struggling parastatals

The Mutapa Investment Fund (MIF) has released US$40 million to resuscitate struggling state-owned enterprises (SOEs) across Zimbabwe, in a renewed drive to restore efficiency and viability within key...

By Staff reporter | Published: 07 November 2025

BUSINESS NEWS

Zimbabwe govt acquires Monomotapa hotel

The Government has acquired Harare's iconic Monomotapa Hotel from local hospitality group African Sun Limited for use by Members of Parliament (MPs) during parliamentary sittings, Finance, Economic D...

By Staff reporter | Published: 06 November 2025

BUSINESS NEWS

Bulawayo hits Starlink capacity

Bulawayo residents eager to join the Starlink internet revolution have hit a snag - the satellite service has reached full capacity in the city.Those attempting to sign up online are now greeted with ...

By Staff reporter | Published: 29 October 2025

BUSINESS NEWS

Mutapa plans to issue fertiliser bond

The Mutapa Investment Fund (MIF) is seeking regulatory approval to issue a fertiliser bond to raise working capital for companies under Chemplex Corporation, the state-owned fertiliser and chemicals ...

By Staff reporter | Published: 30 September 2025

BUSINESS NEWS

Harare snaps up much of Mutapa development stake

The City of Harare remains the focal point of the Mutapa Investment Fund's (MIF) infrastructural initiatives aimed at improving citizen livelihoods and propelling Zimbabwe towards an upper-middle-inc...

By Staff reporter | Published: 30 September 2025

MINING & RETAIL

Mutapa injects US$5.3 million to revive Dorowa Mine

The government, through the Mutapa Investment Fund (MIF), has injected US$5.3 million to revive Dorowa Mine, a strategic move aimed at strengthening local fertiliser production, reducing reliance on ...

By Staff reporter | Published: 25 September 2025

POLITICS

Zvishavane to Host Munhumutapa Day celebrations

Zimbabweans will converge in Zvishavane tomorrow for the Munhumutapa Day commemorations, with a special focus on youth empowerment and addressing emerging challenges such as drug and substance abuse.T...

By Staff reporter | Published: 15 September 2025

POLITICS

Munhumutapa day is not a public holiday

The Government has clarified that Munhumutapa Day, scheduled for September 15, is not a public holiday, despite widespread confusion.Home Affairs and Cultural Heritage Minister Kazembe Kazembe emphasi...

By Staff reporter | Published: 11 September 2025

POLITICS

Nyamapanda immigration boss arrested

A principal immigration officer stationed at Nyamapanda Border Post has appeared in court on allegations of fraudulently granting holiday visas to seven Chinese nationals, including a prohibited immig...

By Staff reporter | Published: 11 September 2025

BUSINESS NEWS

AFC secures US$28m from Mutapa

AFC Holdings Limited (AFC) has secured US$28 million in facilities from its parent firm, the Mutapa Investment Fund (Mutapa), and begun monetising its peri-urban land to boost liquidity, NewsDay Busin...

By Staff reporter | Published: 03 September 2025

BUSINESS NEWS

Mutapa top official in alleged abuse of office

A senior executive at the Mutapa Investment Fund (MIF) has been accused of governance breaches and abuse of office, raising fresh concerns about accountability within Zimbabwe's sovereign wealth fund....

By Staff reporter | Published: 31 August 2025

BUSINESS NEWS

Zimbabwe turns to Japan for energy investments

Zimbabwe is exploring investment and technological partnerships with Japanese energy companies and government agencies to tackle one of the country's worst power shortages in decades. Households and b...

By Staff reporter | Published: 21 August 2025

ASIA PACIFIC

Mnangagwa in Japan for TICAD9 summit

President Emmerson Mnangagwa arrived in Yokohama this morning to participate in the 9th Tokyo International Conference on African Development (TICAD9).The President was welcomed by Japanese officials,...

By Staff reporter | Published: 19 August 2025

POLITICS

'King' demands repatriation of Cecil Rhodes' remains

Self-styled King Munhumutapa, born Timothy Chiminya, has written to King Charles of England, demanding the removal of Cecil John Rhodes' remains from Matobo National Park in Matabeleland South. The le...

By Staff reporter | Published: 13 August 2025

BUSINESS NEWS

Mutapa Fund engages ZimStat for evaluation

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 wi...

By Staff reporter | Published: 11 August 2025

TRADE & INDUSTRY

Mutapa blocks ZCDC diamond sale

Zimbabwe's state-owned diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), has been plunged into a deeper financial crisis after its sole shareholder, the Mutapa Investment Fund (MIF), ve...

By Staff reporter | Published: 08 August 2025

BUSINESS NEWS

Mutapa to clear Cottco debts

The Mutapa Investment Fund (MIF) has announced a bold recovery plan for troubled cotton firm Cottco Holdings, pledging to settle its outstanding legacy debts of approximately US$5 million within the ...

By Staff reporter | Published: 30 July 2025
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