Zimbabwe expects its Mutapa Investment Fund to grow past $30 billion within five years, making it one of Africa's largest wealth funds. Independent accounting firms valued the fund at $16 billion last year, about 7 percent of the country's GDP. Gold price increases helped boost the value since that assessment, with prices jumping from $1,800 to over $3,160 per ounce. The fund also invested $5 million in Invictus Energy, which explores for oil and gas in Muzarabani. These investments should help push the fund to 20 percent of GDP by 2030.
Fund CEO John Mangudya said they started building this growth foundation early in 2025. Mining assets serve as the main driver for increasing value, with exploration programs underway at several sites. The fund needs these exploration efforts to determine the exact mineral values at places like Shamva Mine and Sandawana Mine. Experts confirmed up to 60 million tonnes of lithium at Sandawana's Block A zone. Complete data from these explorations helps attract investors who want clear information about resources.
Mutapa ranks among the biggest public asset managers in Africa that openly share their holdings. It trails behind Ethiopia's Investment Holdings, South Africa's Public Investment Corporation, and Libya's Investment Authority. The fund controls assets across the mining, transport, financial services, and real estate sectors. President Mnangagwa plans to use these resources to benefit all Zimbabweans through development projects.
Fund CEO John Mangudya said they started building this growth foundation early in 2025. Mining assets serve as the main driver for increasing value, with exploration programs underway at several sites. The fund needs these exploration efforts to determine the exact mineral values at places like Shamva Mine and Sandawana Mine. Experts confirmed up to 60 million tonnes of lithium at Sandawana's Block A zone. Complete data from these explorations helps attract investors who want clear information about resources.
Mutapa ranks among the biggest public asset managers in Africa that openly share their holdings. It trails behind Ethiopia's Investment Holdings, South Africa's Public Investment Corporation, and Libya's Investment Authority. The fund controls assets across the mining, transport, financial services, and real estate sectors. President Mnangagwa plans to use these resources to benefit all Zimbabweans through development projects.
