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

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

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

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

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

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

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

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

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

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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