Mutapa Fund Posts Gains, Reforms

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Zimbabwe’s Mutapa Investment Fund reported asset growth and an operating surplus in its 2024 annual report as it restructures state-owned enterprises to improve governance, transparency and investor confidence. Portfolio value rose 22%, driven by mining and energy holdings, alongside tighter risk controls and new reporting frameworks. Authorities say reforms have enhanced fiscal oversight, though analysts note ongoing governance and liquidity risks as the fund expands infrastructure and energy investments.