Zimbabwe's Mutapa Investment Fund Announces Enterprises, Boosting Transport, Agriculture and Energy 🇿🇼 The sovereign wealth fund is leading a sweeping revival of state-owned enterprises, with major capital injections and operational upgrades across key economic sectors, CEO Dr John Mangoda has announced. Key details: ⚡️ Transport & Logistics: ZUPCO purchased 500 new buses, with 185 expected by the end of the year. Two Zimbabwean planes are restored, and above and #036; 10 million was allocated to the National Railways. Annual cargoes increased to 2.3 million tons, while failures dropped by 35%. Agriculture and Manufacturing: A $9.3 million injection revamped the cold storage company, increasing slaughter capacity to 320 cattle daily and market share from 2% to 9%. The fund is also funding the renewal of Sable Chemical and Dorowa Mine to cut the $399 million fertilizer import bill. The National Petroleum Infrastructure Company is expanding pipeline capacity to 5 billion liters annually to establish Zimbabwe as a regional fuel hub. These interventions are aimed at modernizing critical economic factors and supporting national growth goals, Mangoda said. In the immediate vicinity of @sputnik africa 🔸 Sputnik Africa.

Zimbabwe's Mutapa Investment Fund Announces Enterprises, Boosting Transport, Agriculture and Energy 🇿🇼 The sovereign wealth fund is leading a sweeping revival of state-owned enterprises, with major capital injections and operational upgrades across key economic sectors, CEO Dr John Mangoda has announced. Key details: ⚡️ Transport & Logistics: ZUPCO purchased 500 new buses, with 185 expected by the end of the year. Two Zimbabwean planes are restored, and above and #036; 10 million was allocated to the National Railways. Annual cargoes increased to 2.3 million tons, while failures dropped by 35%. Agriculture and Manufacturing: A $9.3 million injection revamped the cold storage company, increasing slaughter capacity to 320 cattle daily and market share from 2% to 9%. The fund is also funding the renewal of Sable Chemical and Dorowa Mine to cut the $399 million fertilizer import bill. The National Petroleum Infrastructure Company is expanding pipeline capacity to 5 billion liters annually to establish Zimbabwe as a regional fuel hub. These interventions are aimed at modernizing critical economic factors and supporting national growth goals, Mangoda said. In the immediate vicinity of @sputnik africa 🔸 Sputnik Africa.