Well-run parastatals key to economic growth: Mangudya

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Governor of the Reserve Bank of Zimbabwe, John Mangudya, speaks during his presentation of the monetary policy in Harare, on October 1, 2018. (Photo by Jekesai NJIKIZANA / AFP)

MUTAPA Investment Fund (MIF) chief executive John Mangudya says well-managed State-owned enterprises (SOEs) play a crucial role in growing the country’s economy.

Established under the Sovereign Wealth Fund Act, the MIF is overseeing the operations of over 60 parastatals across diverse sectors.

In an interview yesterday, Mangudya said the country’s economy can improve if SOEs become viable and generate profits

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