By Chenayi Mack-Maponga
The Zimbabwe Revenue Authority (ZIMRA) hosted its 2nd Annual General meeting in the Capital on 02 December 2025 during which the Pension Fund ZIMRA Board Chairperson, Ms Cynthia Tendai Mugwira, highlighted to members present that the Fund continued to expand and invest through various means including the purchase of land in the Capital.
“ZIMRA has consistently been complying with the best practice of corporate governance, which require the fund to convene an Annual General Meeting. 2024 has been a remarkable year and I am pleased to report that despite the challenges, the pension fund has made progress in ensuring it delivers on its mandate, said Ms Mugwira.
Speaking at the same occasion; Mr Samuel Sithole thanked members that had joined both physically and online for attending the AGM.
“You will appreciate that one of the key milestones achieved in 2024 was to come up with a working model for our people,“ said Mr Sithole.
Pension Fund member Mr Llyod Karonga said, “The vision is to ensure that staff members are empowered before they leave the Authority and own properties. We need to increase members’ benefits and reduce poverty after retirement. The good thing is that contributions and investments are now in both USD and local currency with our Knockmalloch Cluster Development in progress as well as the Somerby Land purchase which is our new baby.”
In attendance at the AGM were pension fund board members, ZIMRA Management team and staff members, ZIMRA divisional representatives. Old Mutual and IPEC members.
Old Mutual is the current administrator that ensures that the fund is administered professionally having a track record in managing fixed properties, student accommodation and various private equity investments.