The Mutapa Investment Fund has disbursed more than US$31 million to fertiliser companies under its portfolio, in a major push to boost local production and reduce the country’s reliance on imports.
Appearing before the Parliament of Zimbabwe on Tuesday morning, the fund’s chief executive officer, Dr John Mangudya, said the financial support was part of ongoing efforts to revitalise the fertiliser value chain.
Dr Mangudya told the committee that the fund is determined to ensure stronger performance from the companies it oversees.
“Our aim is to improve production capacity and reduce the import bill by supporting the full value chain,” he said.
He revealed that Mutapa had released US$5.3 million to Dorowa Minerals to bolster phosphate production. In addition, US$10 million was allocated to ZFC, while US$3 million went to Zimphos.
The largest portion US$13.3 million was channelled to Sable Chemicals. Dr Mangudya said these injections are designed to restore production efficiency and ensure consistent availability of fertiliser inputs.
“We want these companies to operate at full capacity so that the country becomes self-sufficient,” he added.
Dr Mangudya further noted that the investments will contribute significantly to national food security and industrial productivity.
“Strengthening these companies is critical for agriculture. Once we improve local production, we will drastically cut imports and support economic growth,” he said.
The funding initiative forms part of broader national efforts to revitalise industry, promote self-sufficiency and build resilience across key sectors of the economy.
