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
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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
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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
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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
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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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BUSINESS NEWS

Mutapa, RBZ push for economic transformation

The Mutapa Investment Fund and the Reserve Bank of Zimbabwe (RBZ) have pledged to play pivotal roles in driving economic transformation and ensuring financial stability as the nation accelerates effo...

By Staff reporter | Published: 29 July 2025
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BUSINESS NEWS

Mutapa, Jindal Steel seal US$455m deal

The Mutapa Investment Fund (MIF) has finalized a $455 million concession agreement with Indian conglomerate Jindal Steel and Power Company for the rehabilitation of Units 1 to 6 at Hwange Thermal Powe...

By Staff reporter | Published: 17 July 2025
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BUSINESS NEWS

Mutapa to shake-up State firms

Zimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, is preparing to roll out sweeping leadership changes across dozens of its portfolio state-owned enterprises (SOEs) as part of a bold st...

By Staff reporter | Published: 13 July 2025
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POLITICS

King Munhumutapa in another daring act

Self-styled King Munhumutapa, born Timothy Chiminya, has once again stirred controversy by unveiling a self-drafted "constitution" last week that outlines the creation of a prime minister's office and...

By Staff reporter | Published: 13 July 2025
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POLITICS

'King Munhumutapa' to know his fate

The Harare Magistrates' Court is set to deliver a ruling tomorrow on an application by self-proclaimed King Munhumutapa, Timothy Chiminya, seeking to have charges of undermining President Emmerson Mna...

By Staff reporter | Published: 06 July 2025
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MINING & RETAIL

Mutapa clarifies Kuvimba's US$1,9 billion acquisition

The Government of Zimbabwe has provided clarity on the funding structure used for its acquisition of a 35 percent stake in Kuvimba Mining House (KHM), the country's largest mining asset, by the Mutapa...

By Staff reporter | Published: 25 April 2025
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