Mutapa Targets SOE Governance Reform

The Mutapa Investment Fund (MIF) implements systems to strengthen accountability and transparency at State-Owned Enterprises (SOEs). MIF chief executive John Mangudya pledged to end chronic underperformance and fiscal mismanagement within the sector, stating that the 'era of wanton splurging is over.' For decades, SOEs have been a fiscal wound rather than an economic engine, prompting this drive for financial responsibility. Mangudya appeared before the Parliamentary Accounts Committee, outlining the fund's strategy to improve public finances and enhance service delivery.