Zimbabwe's shadowy mining firm Kuvimba Mining House has distanced itself from local tycoon Kudakwashe Tagwirei, saying he is not shareholder, but failed explain why its assets are the same as those of Sotic International, Tagwirei’s Mauritius company.
Kuvimba must explain this. Image
If Kuvimba brought the assets from Sotic, when did that happen and for how much?
Since this is a public entity, it must explain and account to the public.
Can Kuvimba further break who owns what in percentage terms among all its shareholders.
It should further explain its relationship with Sotic and Tagwirei.
Why is its chief executive David Brown (pictured above) stepping down?
Kuvimba’s assets that form the core of its holdings were until recently owned by, or tied, to Sotic and Tagwirei, a politically exposed tycoon and presidential adviser, who was sanctioned for by the United States in 2020.
What's happening in all these messy corporate deals?
Almas Global Opportunity Fund, an investment firm registered in the Cayman Islands which has worked with Tagwirei in the web of murky ownership structures, says it still owned the assets months after Finance minister Mthuli Ncube said they belonged to Kuvimba.
What's the truth?
After Tagwirei was sanctioned by the US in August 2020, he appears to have moved his mining assets away from Sotic to the then-little-known Kuvimba Mining House.
Ncube and Brown publicly claimed that the Zimbabwe govt owned 65% of Kuvimba’s shares. Can Kuvimba confirm this?
The 35% balance is supposed to be held by Ziwa Investments, the Zimbabwean subsidiary of the Mauritius-registered Quorus.
Ncube and Brown denied Tagwirei was involved in the new structure, but didn't explain why his assets are suddenly owned by Kuvimba. They must explain this.

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8 Jul
After massacres in Mat. North province in 1983, North Korean-trained Fifth Brigade troops moved into Mat. South in 1984 with a scorched earth policy.
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An anti-corruption discussion on Zimbabwe is currently going on.
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twitter.com/i/spaces/1OwGW…
https://t.co/Tdg846uI1Q
Currently British Financial Times correspondent Joseph Cotterill is speaking.
Chin’ono is moderating the debate and Dangarembga also engaged right now.
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