Your account has been succesfully created.

Subscribe now

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. [...] (429 words)

Issue dated 04/02/2021 Reading time 2 minutes

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

e-wallet

from EUR/USD 50

Only buy articles you are interested in

ANNUAL SUBSCRIPTION

Unlimited access to the website

See our rates

Choose the option that suits you best: Compare all of our offers!

Do you want a free trial before subscribing?

Create your free account

Do you want a free trial before subscribing?

create a free account

Mining

Set up email notifications for these topics

ZIMBABWE
Covid-19
David Hugh Brown
Emmerson Mnangagwa
Fossil Group
Great Dyke Investments
Kuda Tagwirei
Kuvimba Mining House
Landela Mining Venture
Obey Chimuka
Sotic International
Vi Holding
Vitali Machitski
ZANU-PF

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.

ZIMBABWE Mining 10/06/2022

Exit of Vi Holding and Lafarge tightens Tagwirei's grip

The two biggest international investors in Zimbabwe are pulling out at the same time and selling their assets to companies with links to the powerful magnate and presidential adviser Kuda Tagwirei.

ZIMBABWE Mining 14/01/2022

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.

ZIMBABWE Business 01/12/2021

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.

ZIMBABWE Mining 23/11/2021

Harare multiplies tax breaks on mining sector to fulfil campaign objectives

With the general election in sight, the Zimbawean government has been offering generous tax exemptions to mining entrepreneurs from which fledging company Kygar Resources is the latest to benefit.

In Focus

ZIMBABWE Finance Business 10/05/2021

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.

ZIMBABWE Mining 26/04/2021

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.

Zimbabwean President Emmerson Mnangagwa.

ZIMBABWE Energy Mining Business 01/04/2021

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.

ZIMBABWE Politics 09/03/2021

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.

ZIMBABWE Business 24/02/2021

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.

TANZANIA Mining 05/02/2021

Smedvig and von Christierson bet on Barrick and Glencore's former project Kabanga Nickel

Norwegian multi-millionaire Peter Smedvig and South African art collector Chris von Christierson recently bought the Kabanga Nickel project in Tanzania, along with their partner Keith Liddell. The acquisition is the latest of their investments in battery metals.

ZIMBABWE Diplomacy 29/01/2021

Diplomacy in crisis after Covid death of foreign minister Moyo

Foreign Minister Sibusiso Moyo, one of President Mnangagwa's staunchest supporters, has succumbed to Covid-19. His death leaves Zimbabwe's diplomacy in turmoil at a critical time for its international relations.

Zimbabwean foreign minister Sibusiso Moyo died on 20 January of Covid-19.

ZIMBABWE Mining 05/01/2021

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.

ZIMBABWE Mining 09/09/2020

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.

ZIMBABWE Energy 28/05/2019

Fuel: Emmerson Mnangagwa picks new team to handle mounting crisis

The Zimbabwean president Emmerson Mnangagwa needs a little extra time to renew his team while the country continues to feel

Set up email notifications for these topics

ZIMBABWE
Covid-19
David Hugh Brown
Emmerson Mnangagwa
Fossil Group
Great Dyke Investments
Kuda Tagwirei
Kuvimba Mining House
Landela Mining Venture
Obey Chimuka
Sotic International
Vi Holding
Vitali Machitski
ZANU-PF

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

Algerian secret services in survival mode in North Mali

As fight against M23 continues, Kigali and Kinshasa wage war of intelligence