Pension Fund’s $600M Milestone: Building Homes, Powering Dreams Across Zimbabwe

Zimbabwe’s Public Service Pension Fund (PSPF) has surged to a record US$600 million in assets, emerging as a key driver of national development. Since its modest 2018 beginnings, the fund’s diversified investments have delivered affordable housing for civil servants and university communities, supported smart city projects, and advanced solar energy initiatives-all aligned with the country’s Vision 2030 strategy.

Chief Investment Officer Farai Gaba pointed out that PSPF's sound risk management and objective project appraisals ensure transparency and sustainability, while actual returns have an average of 7.5%. Signature projects like Madokero Creek and Varsity Heights have provided job opportunities and enhanced local businesses and made pension capital a game-changer for inclusive economic growth.

The PSPF growth narrative highlights the increasing contribution of pension funds to funding infrastructure and driving the future of Zimbabwe.

 

Source: The Herald, Zimbabwe Situation