Mutapa Investment Fund: a vehicle for looting without scrutiny

HISTORICAL accounts of the decline and collapse of the Mutapa state offer a cautionary tale for Zimbabwe’s sovereign wealth fund, ironically “renamed” the Mutapa Investment Fund by Emmerson Mnangagwa in an unconstitutional statutory instrument on September 19, 2023. The origins of Zimbabwe’s sovereign wealth fund can be traced back to a mining sector policy study conducted in 2012 that recommended…


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