Zimbabwe Got Mines From Company Linked to Sanctioned Tycoon
- Government gives first details of how Kuvimba was formed
- Kuvimba distances itself from tycoon Kudakwashe Tagwirei
This article is for subscribers only.
Kuvimba Mining House Ltd., which the Zimbabwean government says it controls, said it bought its assets from a company linked to a tycoon sanctioned by the U.S., giving the first details on how the state firm was formed.
Kuvimba has been shrouded in controversy since Finance Minister Mthuli Ncube announced its formation. He said in January the company’s revenue would be used to help paying everything from compensation for evicted White farmers to state worker pensions.