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.

PART I

PRELIMINARY

1     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.

2     Interpretation

In this Act—