Harare Post Reporter
Tendai Biti, the interim co-vice president of the Citizens Coalition for Change, is reportedly on a mission to criticise and castigate the Mutapa Investment Fund (MIF), a noble Government initiative.
A source close to the situation has disclosed that Biti is planning a media campaign to negatively label the fund, attempting to tarnish its reputation.
According to an insider who spoke to this publication, Biti is under the impression that discrediting the MIF would undermine the success of the ZANU-PF-led Government.
"Biti confided in his sources that the success of the MIF would propel the ZANU-PF-led Government to success; hence, it should be castigated and labelled negatively," the source revealed.
Contrary to Biti’s beliefs, political commentator Nobleman Runyanga has come forward to praise the MIF, highlighting its significance and potential benefits for the nation.
"The MIF, formerly the Sovereign Wealth Fund of Zimbabwe, is a financial entity meticulously established by the Government. It aims to manage and invest surplus funds generated from our abundant natural resources, ensuring national wealth preservation and growth for both current and future generations," Runyanga explained.
He emphasised the fund’s role in diversifying the Zimbabwean economy, promoting sustainable development, and providing a financial cushion against economic shocks through investments in a variety of assets both domestically and internationally.
Echoing Runyanga’s sentiments, political analyst Paidamoyo Mutsvairo urged opposition members and detractors to support the MIF.
"This is a vehicle for prosperity, and it’s crucial for the economic stability and growth of our country," Mutsvairo stated.
Mutsvairo dispelled rumours about potential abuse of the funds by the ruling ZANU-PF elite, asserting that the allocation of funds is strictly towards fulfilling the fund's objectives and that the Government's shares in listed companies would contribute to the initial capital of the fund.
While Biti is reportedly on a drive to castigate the MIF, experts in the field have provided comprehensive insights, debunking misconceptions and highlighting the undeniable benefits and noble intentions behind this Government initiative.
The call for support and acknowledgment of the fund's potential now rings louder, urging all political factions to unite in pursuit of national prosperity.
