The formation of the Mutapa Investment Fund ranks among the most important economic decisions Zimbabwe has taken, its Chief Executive Officer John Mangudya has said.
Speaking at a public lecture on Friday, Dr John Mangudya said transforming the former Sovereign Fund into the Mutapa Investment Fund marked a decisive step toward strengthening national control and accountability over strategic state assets.
He said entities operating under the fund should serve as beacons of good financial management, demonstrating strong capital discipline and long-term value creation for the country.
Dr Mangudya stressed that Zimbabwe possesses abundant natural and human resources, noting that the challenge lies not in scarcity, but in coordination and effective utilisation.
“Zimbabwe is too rich. God has given us the blessings of minerals and the blessings of people,” he said.
He called on professionals and institutions to combine expertise and resources to generate wealth not only for the present generation, but for future generations, warning that failure to invest wisely leaves national assets vulnerable to exploitation.
Dr Mangudya said local investors have the capacity, intelligence and technical skills required to drive development, urging them to channel that expertise toward inclusive national growth.
