Source: Mutapa Investment Fund to revitalise State-owned enterprises through strategic overhaul – herald
Business Reporter
Mutapa Investment Fund chief executive officer, Dr John Mangudya has unveiled plans for a strategic restructuring exercise of its entities.
The ambitious plan, which will be short-term to long-term, aims to revitalise State-owned entities that fall under Mutapa through aggressive capital injection, efficiency gains, and the elimination of bureaucratic layers.
Dr Mangudya said this during his address at the inaugural Zimpapers Public Lecture Series at the Harare Institute of Technology (HIT) this morning.
A cornerstone of the restructuring involves the total reorganisation of the mining sector.
Moving away from fragmented ownership models, the Fund is establishing five specialised companies to focus on specific resource groups – Mutapa Gold Resource, Mutapa Base Metal, Mutapa Energy Minerals (focusing on Lithium and Nickel), Mutapa PGMs (Platinum Group Metals), and Mutapa Rare Earths (a future venture).
Dr Mangudya said Zesa Holdings is being re-bundled.
Under a newly approved structure, Zesa Private Limited will hold 100 percent ownership of the utility, with former standalone entities like the Zimbabwe Power Company (ZPC) being integrated as internal divisions to streamline operations.
The National Railways of Zimbabwe is looking to raise capacity from 1.8 million tonnes through the leasing of locomotives and wagons.
At Air Zimbabwe, plans are underway to sell long-haul Boeing 777 aircraft to fund a new domestic fleet.
Dr Mangudya also set a target for the airline to resume the lucrative Harare-London route by June 2026.
In the agricultural sector, the Fund is prioritising the fertiliser value chain to ensure food security. Capital is being injected into Sable Chemicals, Chemplex (ZFC, ZimPhos), and Dorowa Minerals to ensure the local production of affordable fertilisers. The Cold Storage Company (CSC) is being revived to boost beef production.
The Fund’s CEO also highlighted critical moves in the fuel sector through the National Oil Infrastructure Company (NOIC). To transform Zimbabwe into a regional energy hub, the Fund is expanding pipeline capacity from the current three billion litres per annum to five billion litres per annum to meet both domestic and regional demand.
To unlock value, Mutapa is consolidating its vast real estate holdings—previously scattered across various entities—into a unified portfolio. By leveraging its consolidated group balance sheet—which includes major enterprises transferred from nine ministries—the Fund targets raising
US$1.4 billion to support national programmes and uplift Zimbabwean livelihoods.
Dr Mangudya emphasised that the ultimate goal of the Fund is to support the National Development Strategy 2 (NDS2).
“We are an active investor and an engaged shareholder,” Dr Mangudya told the audience. “There is nothing too small and nothing too big for us to consider as we work towards improving performance across all our entities.”
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