This will be a significant change. Tagwirei has long been accused of being used by the Zimbabwean government to defy the embargo. First, when Sotic bought BNC, he appointed Christopher Fourie and Jozef Behr to the board. Fourie is Sotic's president, while Behr is the company's chief commercial officer. Fourie, an investment banker, worked as head of mergers and acquisitions at Puma Energy, which is jointly owned by Trafigura and Sonangol, and until 2020 was a partner in Zimbabwe Tagwirei's Sakunda Holdings.
Trafigura cuts Sakunda after US approves sanctions against Tagwirei. The BNC also nominated member Tagwirei and Landela's nominee Chimuka to the GDI board. Another board appointment is Craig Meerholz, managing director of Sotic and former head of Africa for Trafigura. ZimAlloys, a company already known to have been acquired by Tagwirei, is also listed under Kuvimba. It is also interesting how Brown, the former CEO of Implats, has been introduced as CEO of Sotic, Landela and now Kuvimba. Kuvimba: Game plan So, why does Zimbabwe need Kuvimba? Ncube's support for the company, opaque system and all, is remarkable. He said that money from the company will be used to raise money to pay pensioners, and even to pay the evicted white-collar farmers.
Comments