President Emmerson Mnangagwa
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ED gazettes sovereign wealth fund

PRESIDENT Emmerson Mnangagwa, using the Presidential Powers (Temporary Measures) Act, has made provisions for the establishment of a sovereign wealth fund (SWF) to be named Mutapa Investment Fund. The SWF is a State-owned investment fund established from the balance of payment surpluses, official foreign currency operations, the proceeds of privatisation, government transfer payments, fiscal surpluses…

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