Zimbabwe: Mnangagwa Sued Over 'Controversial' Mutapa Investment Fund

📆 10/10/2023 5:05 AM
📰 allafrica

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President Emmerson Mnangagwa has been taken to court following the promulgation of the Mutapa Investment Fund which critics have called a ploy to loot state resources.

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.

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