Mutapa Investment Fund (MIF) is seeking strategic alliances with regional and international partners for national airline Air Zimbabwe (Air Zim), as it moves to restructure the carrier.
MIF is the shareholder and holding vehicle for Air Zim, driving its restructuring and recapitalisation to restore viability.
“At Air Zim, restructuring efforts commenced, including the pursuit of strategic alliances with regional and international partners to enhance technical capabilities, expand network reach, and improve commercial sustainability,” MIF board chairperson Chipo Mutasa said in the fund’s financials for the year 2025. – TML
“Key priorities for 2026 include…modernising national logistics and infrastructure,” she said.
Air Zim is part of the portfolio of state-owned entities managed by the MIF to drive economic development.
The airline has been facing long-running financial troubles, with internal reconstruction reports revealing that total liabilities stand at approximately US$380 million, far exceeding its asset base estimated at just over US$127 million during earlier restructuring phases.
The bulk of this debt is owed to government-related entities, with only a with only a fraction tied to foreign creditors.
Earlier this year, MIF chief executive John Mangudya said plans were underway at Air Zim to sell long-haul Boeing 777 aircraft to fund a new domestic fleet, setting a target for the airline to resume the key Harare-London route by June 2026.
MIF is actively involved in appointing and overseeing Air Zim management to improve board effectiveness and operational efficiency. – TML