President Mnangagwa Places ZISCO Under Mutapa Fund for Revival

President Emmerson Mnangagwa has placed the defunct Zimbabwe Iron and Steel Company (ZISCO) under the Mutapa Investment Fund. This move aims to revive the steelmaker, which has been idle for years due to mismanagement and debt. ZISCO was once a key component of Zimbabwe’s industrial sector. The latest amendment means the Mutapa Investment Fund will now oversee the company. This decision represents a new attempt to rehabilitate a major industrial asset. The potential revival of ZISCO holds significant economic implications for industrial growth and employment generation within the country.