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Zimbabwe

Zanu-PF MP Scott Pedzai Sakupwanya tightens grip on Zimbabwe gold industry

Sakupwanya, a freshly-elected MP for the ruling party and owner of the Redwing mine, sold almost half of the gold produced in Zimbabwe in 2023.

Subscribers only Mining, Commodity traders 06.03.2024

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.

Subscribers only Mining 28.02.2024

Harare awaits gift from Russian fertiliser group Uralchem

23,000 tonnes of Russian and Belarusian fertiliser is currently on board a ship off the port of Beira. The World Food Programme will transport it to Harare, where it will be received by President Mnangagwa.

Subscribers only Commodity traders, Diplomacy 17.01.2024

Government winding up ZMDC with bankruptcy the target

The government wants to transfer the last valuable assets of the state-owned mining company to the Mutapa sovereign wealth fund. The plan then is to declare the company bankrupt...

Subscribers only Mining 20.12.2023

Harare serves as Minsk's stepping stone into southern Africa

Belarusian President Alexander Lukashenko and his Zimbabwean counterpart Emmerson Mnangagwa at a ceremony to hand over Belarusian agricultural machinery in Harare on 31 January 2023. © Andrei Stasevich/Belta/AFP

Subscribers only Diplomacy 08.12.2023

Saudi Arabia lays groundwork for embassy openings in SADC

The majority of UAE embassies to be opened in 2024 in Africa will be located in the Southern African Development Community.

Subscribers only Diplomacy 04.12.2023

Junior minister Zacharopoulou to visit Maputo, Lusaka and Lilongwe

France's Minister of State for Development, the Francophonie and International Partnerships Chrysoula Zacharopoulou will be touring Southern Africa in mid-December.

Subscribers only Diplomacy 01.12.2023

Russian diamonds row paralyses Kimberley Process annual meeting

The annual meeting of the international certification body was split on whether or not Russian diamonds should be considered as conflict diamonds. The stalemate prevented the organisation from appointing a new secretary general and setting up its secretariat in Gaborone.

Subscribers only Mining 21.11.2023

Claudia da Conceicao, the woman behind IFC's Southern Africa goals

The International Finance Corporation, the World Bank's private sector arm, wants to build its presence in Southern Africa to counter Chinese influence and win new projects in the region. To that end, it has called on banking sector veteran, Claudia da Conceicao.

Free access Finance 07.11.2023

Second shot at parliamentary seat for gold magnate Scott Sakupwanya

Scott Pedzai Sakupwanya, one of the main financial sponsors of the ZANU-PF party, is one of nine ruling party candidates to get a second chance at winning a seat in parliament.

Subscribers only Mining 02.11.2023

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.

US ruling in von Pezold case saddles Harare with more debt

The US Court of Appeals for the District of Columbia has upheld the ruling ordering Zimbabwe to pay $440.3m in damages for the wrongful seizure of farmland in 2000 and 2001.

Subscribers only Finance, Mining 28.09.2023

Zimbabwean finance minister Mthuli Ncube on 3 August 2023 in Hwange, in the west of the country.

Diamonds: Gaborone backs Israeli tycoon Gilad Shabtai

Botswana is to extend the operating licence of the Lerala diamond mine owned by the multi-millionaire former majority shareholder in Viber, despite his company not having restarted operations there since it bought the mine in 2019.

Subscribers only Mining 13.09.2023

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

Voters snub ZANU-PF mining barons

Although President Emmerson Mnangagwa was returned to office after last month's general elections, several major mining players in his party were not so lucky. Gold baron Scott Sakupwanya and parliamentary mining committee chair Edmond Mkaratigwa were among those voters rejected.

Subscribers only Mining 06.09.2023

Kuvimba conglomerate must finally invest alone in Great Dyke platinum project

Harare has decided to back out of the mining mega-project to avoid becoming embroiled in a delicate situation with controversial businessman Kuda Tagwirei.

Subscribers only Mining 26.07.2023

Nigerian billionaire Benedict Peters wavers between platinum and lithium in Harare

The oil-and-gas tycoon's enthusiasm for a platinum mine development project in Maflox Claims has dampened since his arrival in Zimbabwe in 2019, a few months before Emmerson Mnangagwa's election. His local company Bravura has not stuck to the regulatory requirements nor its promises to the authorities to invest.

Subscribers only Mining 04.07.2023

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

Ruto wants to place Kenya at heart of future Cape-to-Cairo free trade zone

The Kenyan president has proposed that his country host the headquarters of the proposed Tripartite Free Trade Area, which, once three more states ratify a deal struck in 2015, will group 29 African countries.

Subscribers only Business 24.04.2023

Gold tycoon Scott Sakupwanya restarts Redwing despite miner deaths

The Zimbabwean gold baron - and one of Zanu-PF's main fundraisers - has been under fire from trade unions and NGOs, as well as an Al-Jazeera documentary. But he has nevertheless been given the green light to resume gold mining at the Redwing mine.

Subscribers only Mining 14.04.2023

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

TotalEnergies, Maurel & Prom and Perenco to attend African Energy Chamber forum

Africa's main oil lobby, run by lawyer NJ Ayuk, will organise its next Invest in African Energy Forum in Paris. The event is scheduled for 1 June.

Subscribers only Energy 29.03.2023

Spotlight
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.

Redwing goldmine closure hampers ZANU-PF campaign fundraising

Since 2018, the mine has been owned by Scott Pedzai Sakupwanya, a close associate of President Mnangagwa. Its closure, due to fatal accidents, deprives the ruling party of a key source of revenue ahead of this year's polls.

Subscribers only Mining 07.02.2023

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

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Zimbabwe

Zanu-PF MP Scott Pedzai Sakupwanya tightens grip on Zimbabwe gold industry

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

Harare awaits gift from Russian fertiliser group Uralchem

Government winding up ZMDC with bankruptcy the target

Harare serves as Minsk's stepping stone into southern Africa

Saudi Arabia lays groundwork for embassy openings in SADC

Junior minister Zacharopoulou to visit Maputo, Lusaka and Lilongwe

Russian diamonds row paralyses Kimberley Process annual meeting

Claudia da Conceicao, the woman behind IFC's Southern Africa goals

Second shot at parliamentary seat for gold magnate Scott Sakupwanya

Mnangagwa transfers opaque statal mining assets to the sovereign fund

US ruling in von Pezold case saddles Harare with more debt

Diamonds: Gaborone backs Israeli tycoon Gilad Shabtai

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

Voters snub ZANU-PF mining barons

Kuvimba conglomerate must finally invest alone in Great Dyke platinum project

Nigerian billionaire Benedict Peters wavers between platinum and lithium in Harare

Uncertainty surrounds future of ERG's platinum stake

Ruto wants to place Kenya at heart of future Cape-to-Cairo free trade zone

Gold tycoon Scott Sakupwanya restarts Redwing despite miner deaths

Harare backs another mining project with Kuda Tagwirei links

TotalEnergies, Maurel & Prom and Perenco to attend African Energy Chamber forum

Spotlight
Harare acts to get back on the lucrative Durban-Copperbelt freight route

Redwing goldmine closure hampers ZANU-PF campaign fundraising

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

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Zimbabwe

Zanu-PF MP Scott Pedzai Sakupwanya tightens grip on Zimbabwe gold industry

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

Harare awaits gift from Russian fertiliser group Uralchem

Government winding up ZMDC with bankruptcy the target

Harare serves as Minsk's stepping stone into southern Africa

Saudi Arabia lays groundwork for embassy openings in SADC

Junior minister Zacharopoulou to visit Maputo, Lusaka and Lilongwe

Russian diamonds row paralyses Kimberley Process annual meeting

Claudia da Conceicao, the woman behind IFC's Southern Africa goals

Second shot at parliamentary seat for gold magnate Scott Sakupwanya

Mnangagwa transfers opaque statal mining assets to the sovereign fund

US ruling in von Pezold case saddles Harare with more debt

Diamonds: Gaborone backs Israeli tycoon Gilad Shabtai

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

Voters snub ZANU-PF mining barons

Kuvimba conglomerate must finally invest alone in Great Dyke platinum project

Nigerian billionaire Benedict Peters wavers between platinum and lithium in Harare

Uncertainty surrounds future of ERG's platinum stake

Ruto wants to place Kenya at heart of future Cape-to-Cairo free trade zone

Gold tycoon Scott Sakupwanya restarts Redwing despite miner deaths

Harare backs another mining project with Kuda Tagwirei links

TotalEnergies, Maurel & Prom and Perenco to attend African Energy Chamber forum

Spotlight Harare acts to get back on the lucrative Durban-Copperbelt freight route

Redwing goldmine closure hampers ZANU-PF campaign fundraising

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

Create a notification

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Spotlight
Harare acts to get back on the lucrative Durban-Copperbelt freight route