Understanding the Mutapa Investment Fund of Zimbabwe: Constraints and Challenges for Resource Mobilisation

Abstract

The Mutapa Investment Fund is a sovereign wealth fund set out to harness Zimbabwe’s rich natural endowments and national wealth for its economic development. Its objectives include addressing infrastructure deficits, stabilizing currency reserves, and increasing investment in sectors such as technology, energy, and public infrastructure among others. The preliminary findings of this study indicate that the Mutapa Investment Fund is currently facing a number of challenges among which are regulatory uncertainty, political risks, and widespread mismanagement in Zimbabwe’s State-Owned Enterprises, most of which are technically insolvent.  The article concludes by canvassing for comprehensive governance and State-owned Enterprises reforms in order to address the systemic and structural issues affecting the nascent sovereign wealth fund of Zimbabwe.