Jump to navigation

Vol 62 No 12

Published 10th June 2021


Tagwirei's pipeline under threat

President Mnangagwa is backing a new oil company against a fuel cartel run by the generals' favourite businessman

A company registered in the United Kingdom with strong South African links has signed an agreement that could give it dominance over Zimbabwe's more than US$1 billion fuel import market, according to sources familiar with the deal. If seen through, the arrangement would end the long-standing control of the fuel market by Kudakwashe Tagwirei, a businessman long close to major commodities trader Trafigura and under United States sanctions for alleged corruption since last year.

End of preview - This article contains approximately 1311 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.