President Mnangagwa made the remarks in response to concerns raised by delegates at the ongoing CEOs Roundtable conference as to whether known poor performing state enterprises would not sink the fund.
“While there could be some underperforming parastatals; what is important to understand here is the balance sheet created by all these entities. This is what attracts global capital. The fund has an impressive balance sheet,” explained the President.
Earlier on the President had unpacked the genesis of the Fund.
“However in charting the way to a prosperous future for our country and continent, we must remain true to our own Zimbabwean and African values and priorities.
“Inspired by our rich tradition and history my administration transformed the Sovereign Wealth Fund to the Mutapa Investment Fund named after the great Munhumutapa Empire. This initiative is set to give a new lease of life to previously under-performing state owned enterprises,” the President said.
