Sovereign Wealth Fund of Zimbabwe Act [Chapter 22-20]

AN ACT to provide for the establishment of the Sovereign Wealth Fund of Zimbabwe and its objects, management and control; to provide for the Board of the Sovereign Wealth Fund of Zimbabwe and its functions; to provide for the appointment of the Chairperson, Chief Executive Officer, staff of the Board and investment managers;  to provide for the allocation and disbursement of money from the Fund; to amend the Zimbabwe Mining Development Corporation Act [Chapter 21:08]; and to provide for matters incidental to or connected with the foregoing. Enacted by the President and Parliament of Zimbabwe.

   Short title and date of commencement

(1) This Act may be cited as the Sovereign Wealth Fund of Zimbabwe Act [Chapter 22:20] (No.7 of 2014).

(2) This Act shall come into operation on a date to be fixed by the President by statutory instrument.

Note by Veritas: The date of commencement was fixed as 26th June 2015, as per Statutory Instrument 71 of 2015. A copy of the SI is available here.

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