Tafadzwa Nyikadzino

Government has appointed the board of directors to manage the Mutapa Investment Fund, which will be chaired by former Telone CEO, Chipo Mutasa.

In a statement released by Treasury, President Mnangagwa appointed a board of seven people comprising of Lesley Ndlovu as deputy Chairperson, Farai Mutamangira, Thembelihle Khumalo, Bart Mswaka, Mrs Charity Jinya and Prassard Bhamre.

The board will manage the newly upgraded Sovereign Wealth Fund which is made up of over 20 state-owned entities whose asset base runs into billions of United States Dollars.

Some of the utilities under the fund include Kuvimba Mining House, Air Zimbabwe, NetOne, TelOne, Cottco, ZUPCO and the National Railways of Zimbabwe (NRZ).