MUTAPA Investment Fund (MIF) chief executive John Mangudya says Zesa is moving in the right direction in terms of risk management resulting in the power utility investing more in electricity generation projects.
In a speech at the Zesa risk management awards in Harare at the weekend, he said due to the Stateowned risk management culture, more investors were coming to do business in Zimbabwe.
“Generally, the risk management culture within the group has improved remarkably, resulting in the successful completion and commissioning of major projects such as the Hwange Units 7 and 8 in 2023, which was commissioned by President Emmerson Mnangagwa, in line with the government’s mandate to achieve an upper-middle income class by 2030.