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Zimbabwe
Harare takes over Kuvimba Mining House to erase all links with Kuda Tagwirei

Zimbabwe's Mutapa sovereign wealth fund now owns 100% of the Kuvimba mining group, previously controlled by the president's adviser and businessman, Kuda Tagwirei, who is under US sanctions. The move was intended to encourage investors for other projects that have stalled for lack of financing. [...]

Published on 28/02/2024 at 05:40 GMT Reading time 2 minutes

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Mining

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Zimbabwe
Emmerson Mnangagwa
Emmerson Mnangagwa Jr
Great Dyke Investments
Kuda
Kudakwashe Tagwirei
Kuvimba Mining House
Munashe Shava
Mutapa Investment Fund
Simba Chinyemba
Sotic International
Zimbabwe Consolidated Diamond Co
ZiscoSteel

Inner circles | Zimbabwe
Finance minister Ncube struggles to make mark as Harare's debt negotiator

Mthuli Ncube was little known before he became finance minister in 2018, though he came with an impressive contact book from his time at the African Development Bank. However, he has struggled to make Zimbabwe more democratic as demanded by the country's international financial backers.

Subscribers only Finance, Politics, Diplomacy 15.11.2024

Zimbabwe's finance and economic development minister Mthuli Ncube in Harare on 11 March 2020.

Zimbabwe
Glass Block dam developers push for US funding

The local mayor and companies working on the dam project, which will supply Zimbabwe's second-largest city with water, are hoping the US International Development Finance Corp will come on board despite sanctions against the president and other key actors.

Subscribers only Infrastructure 30.08.2024

David Coltart, mayor of Bulawayo, Zimbabwe, 8 August 2023.

Zimbabwe
Harare dithers over helping ZMDC to settle debt to South Africa's Amari

Zimbabwe's Finance Minister Mthuli Ncube is reluctant to grant a loan to state-owned mining conglomerate ZMDC to allow it to put an end to its long-running dispute with South Africa's Amari Resources, which was expelled from its nickel and platinum licences.

Subscribers only Mining 29.08.2024

Finance Minister Mthuli Ncube in Harare, Zimbabwe, 5 October 2018.

Zimbabwe
Harare's takeover of mining conglomerate Kuvimba proves costly

The Zimbabwean government is reported to have paid $1.6bn for a 35% stake in the mining conglomerate active in lithium, gold, platinum and chromium.

Subscribers only Mining 12.07.2024

Zimbabwe
Behind the scenes of Algy Cluff's lithium project

The British oil and mining veteran visited Zimbabwe twice before signing a contract to resume lithium extraction at the Sandawana lithium deposit. President Emmerson Mnangagwa and the UK's top diplomat in Harare were instrumental in Cluff's decision to re-invest in the country.

Subscribers only Mining 24.06.2024

Zimbabwe
Veteran miner Algy Cluff is back in the game with lithium

The octogenerian British mining and oil entrepreneur is seeking to take over the Sandawana deposit, a former Rio Tinto emerald mine now owned by Zimbabwe's sovereign wealth fund.

Subscribers only Mining 01.05.2024

Zimbabwe
Mnangagwa transfers opaque statal mining assets to the sovereign fund

The president's 19 September decision to transfer 17 major government assets, including shares in Kuvimba, Defold and Hwange Colliery, to the Mutapa sovereign wealth fund has sparked general outcry in Harare. Moreover, the fund can now make foreign transactions without prior approval.

Subscribers only Finance, Mining 03.10.2023

Zimbabwean president Emmerson Mnangagwa.

Zimbabwe
Mnangagwa's visit to Russia reactivates Alrosa's diamond mining plans

Executives from the Russian mining group and the Zimbabwean president reached agreement during the recent Russia-Africa summit on a resumption of the group's mining operations in Zimbabwe. Both parties are under pressure from US sanctions.

Subscribers only Mining 08.09.2023

Zimbabwe
Uncertainty surrounds future of ERG's platinum stake

Harare is preparing to withdraw the Todal platinum project from the Kazakh Eurasian Resources Group. The most likely scenario is a takeover of the asset by Kuvimba, a holding company that is already struggling to raise funds because of its alleged links to businessman Kuda Tagwirei, who is under US sanctions.

Subscribers only Mining 25.04.2023

Zimbabwe
Harare backs another mining project with Kuda Tagwirei links

State miner ZCDC plans to invest $400m in a 30% stake in Great Dykes Investments' platinum mining project. But the government-backed deal is raising eyebrows because of the ties between site owner Kuvimba Mining House and the controversial tycoon Kuda Tagwirei, who is under US sanctions.

Free access Mining 30.03.2023

Zimbabwe
Tainted by its ties to tycoon Tagwirei, Kuvimba steps up mining at Ziscosteel

US sanctions imposed on business baron Kudakwashe Tagwirei have deterred investors from helping Kuvimba Mining House resume activity at Zimbabwe's historic steel mill. To compensate, production at the Ripple Creek iron ore mine is expected to be restarted.

Subscribers only Mining 01.02.2023

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

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

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Zimbabwe
Emmerson Mnangagwa
Emmerson Mnangagwa Jr
Great Dyke Investments
Kuda
Kudakwashe Tagwirei
Kuvimba Mining House
Munashe Shava
Mutapa Investment Fund
Simba Chinyemba
Sotic International
Zimbabwe Consolidated Diamond Co
ZiscoSteel

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Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Zimbabwe
Harare takes over Kuvimba Mining House to erase all links with Kuda Tagwirei

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Set up email notifications for these topics

Inner circles | Zimbabwe
Finance minister Ncube struggles to make mark as Harare's debt negotiator

Zimbabwe
Glass Block dam developers push for US funding

Zimbabwe
Harare dithers over helping ZMDC to settle debt to South Africa's Amari

Zimbabwe
Harare's takeover of mining conglomerate Kuvimba proves costly

Zimbabwe
Behind the scenes of Algy Cluff's lithium project

Zimbabwe
Veteran miner Algy Cluff is back in the game with lithium

Zimbabwe
Mnangagwa transfers opaque statal mining assets to the sovereign fund

Zimbabwe
Mnangagwa's visit to Russia reactivates Alrosa's diamond mining plans

Zimbabwe
Uncertainty surrounds future of ERG's platinum stake

Zimbabwe
Harare backs another mining project with Kuda Tagwirei links

Zimbabwe
Tainted by its ties to tycoon Tagwirei, Kuvimba steps up mining at Ziscosteel

Zimbabwe
US sanctions hamper Obey Chimuka's mining ambitions

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

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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Zimbabwe Harare takes over Kuvimba Mining House to erase all links with Kuda Tagwirei

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Inner circles | Zimbabwe Finance minister Ncube struggles to make mark as Harare's debt negotiator

Zimbabwe Glass Block dam developers push for US funding

Zimbabwe Harare dithers over helping ZMDC to settle debt to South Africa's Amari

Zimbabwe Harare's takeover of mining conglomerate Kuvimba proves costly

Zimbabwe Behind the scenes of Algy Cluff's lithium project

Zimbabwe Veteran miner Algy Cluff is back in the game with lithium

Zimbabwe Mnangagwa transfers opaque statal mining assets to the sovereign fund

Zimbabwe Mnangagwa's visit to Russia reactivates Alrosa's diamond mining plans

Zimbabwe Uncertainty surrounds future of ERG's platinum stake

Zimbabwe Harare backs another mining project with Kuda Tagwirei links

Zimbabwe Tainted by its ties to tycoon Tagwirei, Kuvimba steps up mining at Ziscosteel

Zimbabwe US sanctions hamper Obey Chimuka's mining ambitions

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

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Zimbabwe
Harare takes over Kuvimba Mining House to erase all links with Kuda Tagwirei

Inner circles | Zimbabwe
Finance minister Ncube struggles to make mark as Harare's debt negotiator

Zimbabwe
Glass Block dam developers push for US funding

Zimbabwe
Harare dithers over helping ZMDC to settle debt to South Africa's Amari

Zimbabwe
Harare's takeover of mining conglomerate Kuvimba proves costly

Zimbabwe
Behind the scenes of Algy Cluff's lithium project

Zimbabwe
Veteran miner Algy Cluff is back in the game with lithium

Zimbabwe
Mnangagwa transfers opaque statal mining assets to the sovereign fund

Zimbabwe
Mnangagwa's visit to Russia reactivates Alrosa's diamond mining plans

Zimbabwe
Uncertainty surrounds future of ERG's platinum stake

Zimbabwe
Harare backs another mining project with Kuda Tagwirei links

Zimbabwe
Tainted by its ties to tycoon Tagwirei, Kuvimba steps up mining at Ziscosteel

Zimbabwe
US sanctions hamper Obey Chimuka's mining ambitions

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