Zimbabwe power map, cropped

Zimbabwe transfers power utility Zesa into sovereign wealth fund

In depth
Issue 503 - 27 Mar 2024 - By Tonderayi Mukeredzi | 4 minute read

President Emmerson Mnangagwa’s government has placed ownership of national utility Zimbabwe Electricity Supply Authority (Zesa) and six other companies into recently revamped sovereign wealth fund Mutapa Investment Fund’s portfolio, where they join the likes of National Oil Company of Zimbabwe, Petrotrade and Hwange Colliery.

African Energy takes a closer look at questions surrounding the move and examines recent developments at Mutapa that have triggered some deeper controversy.

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