|Residence South Africa|
Name Mutumwa Mawere
|Born 11 January 1960 (age 55) (1960-01-11) Bindura, Zimbabwe|
Similar People James Makamba, Strive Masiyiwa, Gideon Gono, Phillip Chiyangwa, Joice Mujuru
Worldview with yvonne katsande mutumwa mawere
Mutumwa Dziva Mawere (born January 11, 1960 in Bindura, Zimbabwe), is an 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.
- Worldview with yvonne katsande mutumwa mawere
- Duke mba business in africa conference closing keynote mutumwa mawere
- Business empire
- Demise of business empire
Duke mba business in africa conference closing keynote mutumwa mawere
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. 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.
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. Mawere denied these claims, saying that purchase payments were guaranteed for by a deposit of shares of the mining company instead.
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. 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.
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. His op-eds have appeared in several online news websites that cater to Zimbabweans scattered across the world.