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Zimbabwe
Business tycoon Kuda Tagwirei's stamp is all over state's new mining behemoth

Kuvimba Mining House is the name of the new state-controlled entity created to coordinate and revamp the country's largest mines. Embodying Harare's hopes for its mining sector, all the paths heading out of the company's high-potential portfolio seem nonetheless to lead to Kuda Tagwirei, one of Mnangagwa's closest allies but a man under US sanctions. [...]

Published on 05/01/2021 at 06:00 GMT Reading time 3 minutes

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Mining

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Asa Resource Group
Bindura Nickel Corp
Constantino Chiwenga
Covid-19
David Hugh Brown
Emmerson Mnangagwa
Fossil Group
Great Dyke Investments
Impala Platinum
Kuda Tagwirei
Kuvimba Mining House
Landela Investments
Metallon
Mthuli Ncube
Mzi Khumalo
Obey Chimuka
Office of Foreign Assets Control
Sakunda Holdings
Sotic International
Vi Holding
Victoria Falls Stock Exchange
Vitali Machitski
Vodacom
ZANU-PF
Zimplats

Spotlight | Southern Africa, Zimbabwe
Harare acts to get back on the lucrative Durban-Copperbelt freight route

The opening of the Kazungula Bridge, which connects Zambia to Botswana, has robbed Zimbabwe of its status as a key gateway between the port of Durban and the Copperbelt. Deprived of significant revenue, Harare is preparing its counter-attack with the help of a handful of bankers.

Subscribers only Infrastructure, Mining 07.03.2023

An aerial view of the newly built Kazungula bridge over the Zambezi river in Kazungula, Botswana, on 10 May 2021.

Zimbabwe
US sanctions hamper Obey Chimuka's mining ambitions

Washington has placed sanctions on the Fossil Group boss and close associate of local magnate Kuda Tagwirei. The projects of the companies he is involved in, including the platinum project of Great Dyke Investments, will now have a hard time finding investors.

Subscribers only Mining, Business 23.12.2022

Zimbabwe
Caledonia Mining, Mnangagwa's unexpected champion in gold

The British gold mining group has been cited by Emmerson Mnangagwa as an example of the success of the mining policy he pursued during his first term as president, far more than state-owned groups. Its strong financial position, local stock exchange listing and good relations with its Zimbabwean shareholders explain this praise.

Subscribers only Mining 30.11.2022

Inner circles | Zimbabwe
Mnangagwa steps up pressure on ZMDC as general election looms

The Zimbabwean president is banking on the ZMDC, which he has radically overhauled, to get the country's stalled extractive sector moving again. The state-owned company, which manages the state's mining portfolio, is central to his government's economic strategy for winning the 2023 general election.

Subscribers only Mining, Politics 18.11.2022

Zimbabwean president Emmerson Mnangagwa.

Zimbabwe
State-owned Kuvimba Mining regains control of a parcel of the Freda Rebecca goldmine

Artisanally mined since 2018 by a local traditional leader, a part of the vast Freda Rebecca gold site is back under the control of Zimbabwe's new parastatal giant, Kuvimba Mining House.

Subscribers only Mining 11.07.2022

Zimbabwe
Government looks to speed up reopening of ZiscoSteel ahead of presidential elections

Thanks to funding from Kuvimba Mining House, the state-controlled firm with links with controversial business magnate Kudakwashe Tagwirei, Zimbabwean president Emmerson Mnangagwa hopes to speed up the reopening of former industrial flagship Ziscosteel in time for the 2023 elections.

Subscribers only Mining 02.05.2022

Zimbabwe Iron and Steel Company (ZISCO) facilities in Redcliff, Kwekwe, Zimbabwe.

Zimbabwe
IMF urges Harare to raise taxes on mining

The IMF has told Zimbabwe that major tax cuts granted to the country's mining sector must be reversed in order to replenish state coffers.

Subscribers only Mining 13.04.2022

Zimbabwe
Tagwirei's allies continue to dominate behind the scenes at state-owned Bindura Nickel

Officially owned since December 2020 by the public entity Kuvimba Mining House, Bindura Nickel still has several allies of the magnate Kudakwashe Tagwirei on its board, thereby perpetuating the ambiguity as to who is really in charge of the mining assets belonging to this new state-owned company.

Subscribers only Mining 14.01.2022

Zimbabwe
Tagwirei ally's Fossil Group hits the jackpot with public contracts

Owned by an ally of Zimbabwean tycoon Kuda Tagwirei, a target of US sanctions, the Fossil Group has won more than 15 public works contracts since June, more than many of its rivals.

Subscribers only Business 01.12.2021

Zimbabwe
TN Gold gets bogged down over Mzi Khumalo's old gold mine

The Zimbabwean mining company, property of businessman Tawanda Nyambirai, bought the Arcturus mine in 2017 from Metallon, once the county's leading mining company. But he has faced a major court setback that could scupper his plans for the site.

Subscribers only Mining 16.11.2021

Zimbabwe
Harare turbo-boosts new Victoria Falls stock exchange

After a slow start to operations at the exchange, Zimbabwe is now pushing hard to get the cornerstone of its new financial centre off the ground, with a helping hand from Dubai.

Subscribers only Politics 24.09.2021

Zimbabwe
Clash over gold mine owned by ousted market leader Metallon

Mining company Caprcend Investments, which is owned by Zimbabwean member of parliament Campion Mugweni, has suffered a serious setback in its battle with a subsidiary of the Metallon mining group at the Mazowe gold mine.

Subscribers only Mining 31.08.2021

Zimbabwe
To placate Mnangagwa, miners make a show of joining Victoria Falls bourse

After months of pressure, some mining firms in Zimbabwe are slowly accepting President Emmerson Mnangagwa's initiative and entering the nascent stock exchange. It's a calculation that is as much political as financial.

Subscribers only Mining 14.07.2021

Zimbabwe's President Emmerson Mnangagwa.

Zimbabwe
Foreign minister Frederick Shava courts new partners in Ankara and New Dehli to circumvent sanctions

Since his appointment in February, Zimbabwe's foreign minister has been concentrating on cultivating closer relations with Turkey and India to complement the country's longstanding alliances with China and Russia and lessen the impact of Western sanctions.

Subscribers only Diplomacy 02.07.2021

Zimbabwe
Despite US sanctions, MMCZ seeks international suppliers for its metallurgy lab

With the support of Emmerson Mnangagwa's government, the state-owned minerals and gemstone monopoly is looking for a contractor to build a new facility. US sanctions are no deterrent.

Subscribers only Mining 23.06.2021

In Focus | Zimbabwe
Mnangagwa's favourite tycoon operates offshore to escape US gaze

Though under US sanctions imposed in mi-2020 due to his ties with President Emmerson Mnangagwa, Kuda Tagwirei is still very much in business through a galaxy of companies in Zimbabwe, South Africa and Mauritius.

Subscribers only Finance, Business 10.05.2021

Zimbabwe
Mnangagwa indulges Chinese miners despite growing unrest

Although Zimbabwe has been beset by a wave of protests against Chinese mining firms over the last month, the government is still dishing out new licences to those that are already active in the country.

Subscribers only Mining 26.04.2021

Southern Africa
Buoyed by Elon Musk, southern Africa readies for nickel rush

Southern Africa's nickel miners are in the starting blocks after billionaire Elon Musk recently voiced concerns that supply may not match a future boom in electric batteries.

Subscribers only Mining 06.04.2021

Zimbabwe
Kuda Tagwirei looking to supply fuel to state despite US sanctions

A firm with links to the Zimbabwean magnate Kuda Tagwirei is among the suppliers authorised to carry out public contracts in 2021 despite the businessman was subjected to American sanctions for "corruption of public officials" last summer.

Subscribers only Energy, Mining, Business 01.04.2021

Zimbabwe
Victoria Falls Stock Exchange courts junior miners

Backed by an enthusiastic President Emmerson Mnangagwa, the young Victoria Falls Stock Exchange is stepping up its efforts to attract international mining investors and is bending over backwards to appeal to juniors on Anglo-Saxon exchanges.

Subscribers only Mining 22.03.2021

Zimbabwe
Mnangagwa battered by VP resignation and US sanctions renewal

March looks set to be a difficult month for President Emmerson Mnangagwa, who is in an increasingly precarious position: US sanctions have been extended and his vice president has had to resign amid a sex scandal.

Subscribers only Politics 09.03.2021

Zimbabwe
Grain Trading Co surfs on Mnangagwa's agricultural strategy

Two businessmen with a longstanding presence in Harare's agricultural trading community have launched a grain import-export company based in Mauritius to target the Zimbabwean market. They are seeking to take advantage of a booming sector, driven by President Mnangagwa's plans to improve the security of the country's food supplies.

Subscribers only Business 24.02.2021

Zimbabwe
Mnangagwa's tax gift to mining magnate Tagwirei

The magnate Kuda Tagwirei, who is an advisor to President Emmerson Mnangagwa, has been granted a substantial tax exemption on one of his mining companies. He is already suspected of being the éminence grise behind Harare's new parastatal, Kuvimba Mining House.

Subscribers only Mining 04.02.2021

Zimbabwe
Mnangagwa pampers mining explosives champion Intrachem

Harare's tariff assistance to Zimbabwe's mining explosives leader Intrachem comes as the firm is moving away from being purely an importer to becoming a producer. Its pyrotechnics are a key part of President Mnangagwa's mining revival strategy.

Subscribers only Mining 12.01.2021

Spotlight | Southern Africa, Zimbabwe
Zimbabwe under threat of losing Copperbelt-Durban truck traffic

With congestion at the Beitbridge border post between Zimbabwe and South Africa recently worse than ever, the Kazungula Bridge between Zambia and Botswana has just been completed, opening up a new direct route between the Copperbelt and the port of Durban.

Subscribers only Mining 19.11.2020

Zimbabwe
Great Dyke Investments' platinum hopes tarnished by international sanctions

Although the US has now imposed sanctions on Zimbabwean businessman Kuda Tagwirei, adding further pressure to Great Dyke Investments, the JV's Russian partners have not lost sight of their goals for its Darwendale platinum project, even as other international sanctions loom.

Subscribers only Mining 09.09.2020

Set up email notifications for these topics

Asa Resource Group
Bindura Nickel Corp
Constantino Chiwenga
Covid-19
David Hugh Brown
Emmerson Mnangagwa
Fossil Group
Great Dyke Investments
Impala Platinum
Kuda Tagwirei
Kuvimba Mining House
Landela Investments
Metallon
Mthuli Ncube
Mzi Khumalo
Obey Chimuka
Office of Foreign Assets Control
Sakunda Holdings
Sotic International
Vi Holding
Victoria Falls Stock Exchange
Vitali Machitski
Vodacom
ZANU-PF
Zimplats

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Zimbabwe Business tycoon Kuda Tagwirei's stamp is all over state's new mining behemoth

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Set up email notifications for these topics

Spotlight | Southern Africa, Zimbabwe Harare acts to get back on the lucrative Durban-Copperbelt freight route

Zimbabwe US sanctions hamper Obey Chimuka's mining ambitions

Zimbabwe Caledonia Mining, Mnangagwa's unexpected champion in gold

Inner circles | Zimbabwe Mnangagwa steps up pressure on ZMDC as general election looms

Zimbabwe State-owned Kuvimba Mining regains control of a parcel of the Freda Rebecca goldmine

Zimbabwe Government looks to speed up reopening of ZiscoSteel ahead of presidential elections

Zimbabwe IMF urges Harare to raise taxes on mining

Zimbabwe Tagwirei's allies continue to dominate behind the scenes at state-owned Bindura Nickel

Zimbabwe Tagwirei ally's Fossil Group hits the jackpot with public contracts

Zimbabwe TN Gold gets bogged down over Mzi Khumalo's old gold mine

Zimbabwe Harare turbo-boosts new Victoria Falls stock exchange

Zimbabwe Clash over gold mine owned by ousted market leader Metallon

Zimbabwe To placate Mnangagwa, miners make a show of joining Victoria Falls bourse

Zimbabwe Foreign minister Frederick Shava courts new partners in Ankara and New Dehli to circumvent sanctions

Zimbabwe Despite US sanctions, MMCZ seeks international suppliers for its metallurgy lab

In Focus | Zimbabwe Mnangagwa's favourite tycoon operates offshore to escape US gaze

Zimbabwe Mnangagwa indulges Chinese miners despite growing unrest

Southern Africa Buoyed by Elon Musk, southern Africa readies for nickel rush

Zimbabwe Kuda Tagwirei looking to supply fuel to state despite US sanctions

Zimbabwe Victoria Falls Stock Exchange courts junior miners

Zimbabwe Mnangagwa battered by VP resignation and US sanctions renewal

Zimbabwe Grain Trading Co surfs on Mnangagwa's agricultural strategy

Zimbabwe Mnangagwa's tax gift to mining magnate Tagwirei

Zimbabwe Mnangagwa pampers mining explosives champion Intrachem

Spotlight | Southern Africa, Zimbabwe Zimbabwe under threat of losing Copperbelt-Durban truck traffic

Zimbabwe Great Dyke Investments' platinum hopes tarnished by international sanctions

Zimbabwe B2Gold poised for new strike on Metallon's gold?

Nigeria Disgraced in Zimbabwe, Metallon mining boss Mzi Khumalo tries his luck with Nigerian junior Lekoil

Zimbabwe Debt-ridden Harare sends distress signals with new stock exchange

Zimbabwe Fuel: Emmerson Mnangagwa picks new team to handle mounting crisis

Zimbabwe Kuda Tagwirei: Mnangagwa government's favourite oil player

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Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Zimbabwe
Business tycoon Kuda Tagwirei's stamp is all over state's new mining behemoth

Spotlight | Southern Africa, Zimbabwe
Harare acts to get back on the lucrative Durban-Copperbelt freight route

Zimbabwe
US sanctions hamper Obey Chimuka's mining ambitions

Zimbabwe
Caledonia Mining, Mnangagwa's unexpected champion in gold

Inner circles | Zimbabwe
Mnangagwa steps up pressure on ZMDC as general election looms

Zimbabwe
State-owned Kuvimba Mining regains control of a parcel of the Freda Rebecca goldmine

Zimbabwe
Government looks to speed up reopening of ZiscoSteel ahead of presidential elections

Zimbabwe
IMF urges Harare to raise taxes on mining

Zimbabwe
Tagwirei's allies continue to dominate behind the scenes at state-owned Bindura Nickel

Zimbabwe
Tagwirei ally's Fossil Group hits the jackpot with public contracts

Zimbabwe
TN Gold gets bogged down over Mzi Khumalo's old gold mine

Zimbabwe
Harare turbo-boosts new Victoria Falls stock exchange

Zimbabwe
Clash over gold mine owned by ousted market leader Metallon

Zimbabwe
To placate Mnangagwa, miners make a show of joining Victoria Falls bourse

Zimbabwe
Foreign minister Frederick Shava courts new partners in Ankara and New Dehli to circumvent sanctions

Zimbabwe
Despite US sanctions, MMCZ seeks international suppliers for its metallurgy lab

In Focus | Zimbabwe
Mnangagwa's favourite tycoon operates offshore to escape US gaze

Zimbabwe
Mnangagwa indulges Chinese miners despite growing unrest

Southern Africa
Buoyed by Elon Musk, southern Africa readies for nickel rush

Zimbabwe
Kuda Tagwirei looking to supply fuel to state despite US sanctions

Zimbabwe
Victoria Falls Stock Exchange courts junior miners

Zimbabwe
Mnangagwa battered by VP resignation and US sanctions renewal

Zimbabwe
Grain Trading Co surfs on Mnangagwa's agricultural strategy

Zimbabwe
Mnangagwa's tax gift to mining magnate Tagwirei

Zimbabwe
Mnangagwa pampers mining explosives champion Intrachem

Spotlight | Southern Africa, Zimbabwe
Zimbabwe under threat of losing Copperbelt-Durban truck traffic

Zimbabwe
Great Dyke Investments' platinum hopes tarnished by international sanctions

Zimbabwe
B2Gold poised for new strike on Metallon's gold?

Nigeria
Disgraced in Zimbabwe, Metallon mining boss Mzi Khumalo tries his luck with Nigerian junior Lekoil

Zimbabwe
Debt-ridden Harare sends distress signals with new stock exchange

Zimbabwe
Fuel: Emmerson Mnangagwa picks new team to handle mounting crisis

Zimbabwe
Kuda Tagwirei: Mnangagwa government's favourite oil player