Mutumwa Mawere

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Mutumwa Mawere
South Africa August 2007 071.jpg
Born (1960-01-11) 11 January 1960 (age 61)
Bindura, ZimbabweZimbabwe
NationalityZimbabwean
OccupationBusinessman
Websitehttp://www.mmawere.com

Mutumwa Dziva Mawere (born January 11, 1960 in Bindura, Zimbabwe), is a Zimbabwean-South African businessman with interests in mining, manufacturing and agro industries, financial services (banking and insurance), telecommunications, publishing, investment holdings, transport and logistics, and international trading, among others. He has created businesses and turned around enterprises that have become Pan African and global players, most notably Africa Resources Limited (ARL) which was one of the most powerful and influential corporations in Zimbabwe's history.

Background[]

Mawere was educated in Zimbabwe, Swaziland, the United Kingdom and the United States, obtaining a Master of Science (Management) and an MBA (Finance & Investments) degree. Among his first employers were the Industrial Development Corporation of Zimbabwe and the Merchant Bank of Central Africa.[1] In 1988, he joined the World Bank, where he rose to become a Senior Investment Officer with the International Finance Corporation. In 1995, he became a resident of South Africa, obtaining citizenship in 2002.[2]

Business empire[]

In 1996, he acquired Zimbabwe's sole asbestos mining company Shabanie Mashaba Mines (SMM), branching out through all of Zimbabwe's economy. His rise was accompanied by allegations of improper support by politicians from the ruling Zimbabwe African National Union - Patriotic Front (ZANU-PF), especially in connection with government guarantees for a US$60 million loan used in the purchase of SMM.[3] Mawere denied these claims, saying that purchase payments were guaranteed for by a deposit of shares of the mining company instead.[2]

Demise of business empire[]

In 2004, Mawere's business empire came under government scrutiny, and allegations of prejudicing the state of more than Z$300 billion were raised by the authorities. In May, Zimbabwean authorities asked for Mawere's extradition from South Africa, but failed.[3] Since then, by presidential decree major parts of his businesses came under government control. According to Mawere, his businesses' funds were used to repay due International Monetary Fund bonds.[4]

Columnist[]

Since his businesses were seized, Mawere has written a number of articles about the situation in Zimbabwe, starting with his own situation and a vindication of his past business deals.[5][6] His op-eds have appeared in several online news websites that cater to Zimbabweans scattered across the world.[7]

See also[]

References[]

  1. ^ "Conversations with Mawere: Biography". Mawere's blog.
  2. ^ Jump up to: a b "Mawere column: How I acquired Shabanie Mine". New Zimbabwe.
  3. ^ Jump up to: a b "The rise, escape, and fall of Mawere". The Financial Gazette. Archived from the original on 2006-10-06. Retrieved 2006-07-26.
  4. ^ Boustany, Nora (February 24, 2006). "A Zimbabwean Businessman, His Firms Seized, Takes On Mugabe". The Washington Post.
  5. ^ "Mawere Column: On Mugabe". allafrica.com.
  6. ^ "Mawere Column: On Independence". allafrica.com.
  7. ^ Article by Mawere at SW Radio Africa Archived 2011-05-22 at the Wayback Machine

External links[]

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