Dr John Mangudya, Chief Executive Officer of the Mutapa Investment Fund, says the Fund is intensifying efforts to recapitalize key agro-based institutions as part of a broader strategy to restore financial stability, strengthen governance and enhance national food security.
Speaking after presenting oral evidence before Parliament’s Public Accounts Committee, Dr Mangudya highlighted that entities such as the Cotton Company of Zimbabwe (COTTCO) and Grain Marketing Board (GMB) storage facilities
Mutapa Investment Fund, Chief Executive Officer Dr John Mangudya, says the Fund is moving to recapitalize key agro-based entities, including the Cotton Company of Zimbabwe (COTTCO) and grain storage facilities under the Grain Marketing Board (GMB), as part of efforts to restore stability, improve governance and strengthen national food security.
In an interview with this publication after presenting oral evidence before Parliament's Public Accounts Committee, which is examining audit issues raised in the 2025 report of the Office of the Auditor-General for the year ended December 31.
He said recapitalisation was necessary to ensure that strategic institutions are financially sound and able to meet their obligations.
"We are recapitalizing COTTCO and the silos so that they can meet their necessary obligations and operate efficiently," Dr Mangudya said.
He added: "These institutions are critical to the agricultural value chain and must be properly supported."
The Mutapa Investment Fund, which oversees State interests in several strategic companies, has in recent months come under parliamentary scrutiny over governance and financial management issues flagged in the Auditor-General's report.
Dr Mangudya told legislators that corrective measures were being implemented to strengthen systems and restore confidence.
"We are working close with the respective boards to fix identified gaps," he said.
"Where there are weaknesses, we are strengthening governance frameworks and improving oversight to ensure that objectives are achieved.
"Beyond cotton and grain, Dr Mangudya said the Fund is also focusing on fertiliser production through the revitalization of operations at Dorowa.
"We are working on Dorowa so that Zimbabwe can produce its own fertilizer, reduce imports and ensure reliable supply to our farmers," he said. "Our objective is not only to feed our farmers, but to position Zimbabwe as an exporter of fertilizer in the region." He added that local production would improve affordability, availability and quality control. "We want to ensure that the fertilizer and ensure reliable supply to our farmers," he said. "Our objective is not only to feed our farmers, but to position Zimbabwe as an exporter of fertilizer in the region."
He added that local production would improve affordability, availability and quality control. "We want to ensure that the fertilizer produced locally meets high standards and is safe for both farmers and consumers," Dr Mangudya said. "Strengthening local manufacturing supports food security"
