Zimbabwe: Mnangagwa Sued Over 'Controversial' Mutapa Investment Fund

Mnangagwa was sued by a Harare lawyer, Fredrick Nyamande who also cited the Parliament of Zimbabwe and the Mutapa Investment Fund as respondents.

Nyamande complained that the Statutory Instrument gives Mnangagwa unfettered powers to appoint the chief executive officer and all eight members of the Mutapa Investment Fund board. Among other things, Nyamande also complained that there is a clear violation of the procurement legislation of the nation which is even legislated for in the supreme law of the land.

"This is a contravention of, and it is inconsistent with, section 134 of the Constitution of Zimbabwe.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Business Talk – PSG Head of Securities Wendy Myers on the importance of investment diversificationPSG Head of Securities Wendy Myers unpacks the risks associated with having a badly-balanced investment portfolio.
Fuente: BusinessTechSA - 🏆 24. / 61 Leer más »

The benefits of a multi-manager investment approachThis approach provides investors access to a broader range of investment expertise and specialist portfolio management skills, which can achieve more favourable, risk-adjusted outcomes.
Fuente: Moneyweb - 🏆 5. / 77 Leer más »