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Vol 63 No 7

Published 31st March 2022


Zimbabwe

Sanctioned mogul adds steel to portfolio

Zimbabwean business mogul Kudakwashe Tagwirei continues building his empire, despite US sanctions and fresh revelations

Pfimbi means storage in Shona, but it also implies a secret place known by you alone, where you stash something for safekeeping. It's an apt name for a shell company used by sanctioned tycoon Kudakwashe Tagwirei to hide a 35% shareholding in Kuvimba Mining House, the public-private partnership snapping up many of Zimbabwe's most important mining concessions.

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