Mutumwa Mawere: Difference between revisions
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| name =Mutumwa Mawere |
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| caption = Mutumwa Mawere in happy times |
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| birth_date = {{Birth date and age|1960|01|11|df=yes}} |
| birth_date = {{Birth date and age|1960|01|11|df=yes}} |
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| birth_place =[[Bindura]], [[Zimbabwe]] |
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| nationality =[[South Africa]]n |
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| nationality = [[Zimbabwean]] |
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| occupation = Businessman |
| occupation = Businessman |
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Mutumwa Dziva Mawere (born January 11, 1960 in Bindura, Zimbabwe), is an African |
'''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. Before its fall, his was one of the most powerful and influential corporations in Zimbabwe’s history. |
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[[Mining]], [[manufacturing]] and [[agriculture|agro]] industries, financial services ([[bank]]ing and [[insurance]]), [[telecommunications]], [[publishing]], investment holdings, transport and [[logistics]], and international trading, are among some of the businesses he has been involved in. |
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Mawere keeps an online blog of articles, thoughts, and essays which is updated on a weekly basis - [http://africanhopes.blogspot.com Conversations with Mawere]. |
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== Background == |
== Background == |
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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.<ref name="BlogAbout">{{cite web|url=http://africanhopes.blogspot.com/2006/09/about-mr-mawere.html|title=Conversations with Mawere: Biography|publisher=Mawere's blog}}</ref> 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. <ref name="MMawShabanie">{{cite web|url=http://www.newzimbabwe.com/pages/mawere9.13166.html|title=Mawere column|publisher=New Zimbabwe}}</ref> |
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Mawere was educated in Zimbabwe, Swaziland, United Kingdom and United States. He holds B.Sc (Economics), M.Sc (Management), MBA (Finance & Investments) degrees as well as other professional qualifications. |
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He began his professional career as an Acturial Student in 1984. He then joined the Industrial Development Corporation of Zimbabwe in late 1984 as a Research Economist amd rose through the ranks to become a Senior Research Economist in 1987 before joining the Merchant Bank of Central Africa in the same year as a Corporate Finance Executive. |
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In 1988, he joined the World Bank as a Young Professional. After completing the program in 1989, he was appointed as an Investment Officer for the International Finance Corporation, the private sector lending arm of the World Bank. He rose through the ranks to become a Senior Investment Officer in 1994. In 1995, he resigned from the World Bank and immigrated to South Africa where he has been based since. |
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== Business Empire == |
== Business Empire == |
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In [[2004]], Mawere's business empire came under government scrutiny, and allegations of prejudicing the state of more than [[Z$]]300 billion were raised by the authorities. In May, Zimbabwean authorities asked for Mawere's extradition from [[South Africa]], but failed.<ref name="FinGazette"/> Since then, by presidential decree major parts of his businesses came under government control. According to Mawere, his businesses' funds were used to repay due [[IMF]] bonds.<ref>{{web cite|url=http://www.washingtonpost.com/wp-dyn/content/article/2006/02/23/AR2006022302257.html |title=A Zimbabwean Businessman, His Firms Seized, Takes On Mugabe|publisher=[[The Washington Post]]}}</ref> |
In [[2004]], Mawere's business empire came under government scrutiny, and allegations of prejudicing the state of more than [[Z$]]300 billion were raised by the authorities. In May, Zimbabwean authorities asked for Mawere's extradition from [[South Africa]], but failed.<ref name="FinGazette"/> 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 [[IMF]] bonds.<ref>{{web cite|url=http://www.washingtonpost.com/wp-dyn/content/article/2006/02/23/AR2006022302257.html |title=A Zimbabwean Businessman, His Firms Seized, Takes On Mugabe|publisher=[[The Washington Post]]}}</ref> |
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== See |
== See also == |
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*[[Gideon Gono]] |
*[[Gideon Gono]] |
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*[[Philip Chiyangwa]] |
*[[Philip Chiyangwa]] |
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*[[Peter Pamire]] |
*[[Peter Pamire]] |
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== External links == |
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*[http://africanhopes.blogspot.com Mawere's blog] |
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== References == |
== References == |
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Revision as of 23:55, 21 January 2008
Mutumwa Mawere | |
|---|---|
| Born | 11 January 1960 |
| Nationality | South African |
| Occupation | Businessman |
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. Before its fall, his 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 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 IMF bonds.[4]
See also
External links
References
- ^ "Conversations with Mawere: Biography". Mawere's blog.
- ^ a b "Mawere column". New Zimbabwe.
- ^ a b "The rise, escape, and fall of Mawere". The Financial Gazette.
- ^ "A Zimbabwean Businessman, His Firms Seized, Takes On Mugabe". The Washington Post.
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