Shingi mutasa family dollar

Shingi mutasa family dollar store Ms Pindy Nyandoro He was the founder of Caselle Group of Companies in Supa Mandiwanzira Mr Masiyiwa also has other business interests that include renewable energy, water treatment, Coca-Cola bottling, financial services and hospitality.

Shingai Mutasa

Shingai Mutasa
BornShingayi Stanley Mutasa
() November 26, (age&#;66)
NationalityZimbabwe
Alma&#;materUniversity College London
Occupation
Spouse(s)Karen Mutasa
ChildrenMudiwa (son)

Shingai Mutasa is a Zimbabwean businessman with various interests around the country and within the region.

He has been labelled as one of the country's richest men, having interests in construction, energy, and serves on the Boards on a number of companies.

Background

Shingayi Stanley Mutasa was born on 26 November and raised in Mutare.[1]

Educational Background

Shingai holds an Economics degree from the University College London.[2]

Career

Having completed his studies in the United Kingdom, Mutasa returned to Zimbabwe in where he got into the family business as a commodity broker.[2] He owns TA Holdings which is listed on the Zimbabwe Stock Exchange and BP's refined oil marketing assets in Zimbabwe.

After several previous failed attempts to acquire TA Holdings, he eventually managed to acquire it in but the company was riddled with debt. He also has a 51,32% stake in Masawara plc[3] Mutasa is also the brains behind the construction of the tallest building in the capital known as Joina City.

Dollar general The man also has a powerful reputation. Some have since termed the phenomenon where men of the cloth increasingly tussle it out for rich pickings in the business world as gospreneurship. Other areas of interest of Zed Kuodounaris are real estate, farming, mining, and tourism. He is also a major investor.

He serves on the board of several companies in Zimbabwe, Malawi and South Africa.

Purchasing Sable chemicals

Mutasa paid £15,2 million (US$20,5 million) to assume control over a sprawling business empire that has fertiliser manufacture Sable Chemicals and the Cresta Group of Hotels under its portfolio.

Businesses

Shingai Mutasa is the founder of Masawara — a Zimbabwe-focused investment firm that is listed on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE).

In Zimbabwe, Masawara has control of companies in the insurance sector such as Zimnat Lion Insurance, Zimnat Life Assurance, Grande Reinsurance and Minerva Risk Advisors.

Shingi mutasa family dollar Estimates suggest that he also draws more than 50 congregants at his church services per week. He sold the company in and since then, he has spread his tentacles to other business areas including grey-market arms dealing, sports marketing, and property. His involvement in the Green Fuel Chisumbanje plant, which is an eco-project that has created more jobs in Zimbabwe over the last ten years, is considered as his major achievement. Now we land at Michael Fowler whose name has been mentioned earlier in this post.

In agro-business, it is the major shareholder in Sable Chemicals and has a significant share (22,5 percent) in Zimbabwe Fertiliser Company (ZFC).

It also has investments in the broadband telecommunications business through iWayAfrica and Telerix Communications.

Most of the companies are controlled through TA Holdings, which is listed on the Zimbabwe Stock Exchange.

When Masawara listed on the AIM of the London Stock Exchange in , two renowned UK investment funds, Invesco Income and Invesco High Income — controlled by Mr Neil Woodford, bought an interest in the company, assuming a 30 percent shareholding.[4]

Properties

Joina City

Shingai Mutasa owns Joina City which is Zimbabwe’s tallest shopping mall.

He came up with the idea of the structure following his wide-ranging conversation with a renowned architect, the late Vernon Mwamuka.[5]

Awards & Honors

In July , Shingai Mutasa received an Honorary Doctorate in Business Leadership from Africa University.

References

  1. ↑Shingai Mutasa's Profile, Duedli, Published: No Date Given, Retrieved: March 14,
  2. Shingai Mutasa, The African South, Published: January 15, , Retrieved: March 14,
  3. ↑Mutasa ups stake in Masawara, The Zimbabwe Mail, Published: January 6, , Retrieved: March 14,
  4. ↑Darlington Musarurwa, Shingai Mutasa acquires Sable Chemicals, The Herald, Published: January 8, , Retrieved: November 26,
  5. ↑Emmanuel Kafe and Veronica Gwaze, Zim’s richest: How they made their money, The Sunday Mail, Published: September 8, , Retrieved: November 26,

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