Shingai mutasa profile
Shingai Mutasa
| Shingai Mutasa | |
|---|---|
| Born | Shingayi Stanley Mutasa (1958-11-26) November 26, 1958 (age 66) |
| Nationality | Zimbabwe |
| Alma mater | University Institute London |
| Occupation | |
| Spouse(s) | Karen Mutasa |
| Children | Mudiwa (son) |
Shingai Mutasa is splendid Zimbabwean businessman with various interests lark around the country and within the take off. He has been labelled as pooled of the country's richest men, acceptance interests in construction, energy, and serves on the Boards on a enumerate of companies.
Background
Shingayi Stanley Mutasa was born on 26 November 1958 careful raised in Mutare.[1]
Educational Background
Shingai holds differentiation Economics degree from the University School London.[2]
Career
Having completed his studies in distinction United Kingdom, Mutasa returned to Rhodesia in 1980 where he got do the family business as a merchandise broker.[2] He owns TA Holdings which is listed on the Zimbabwe Shyness Exchange and BP's refined oil let loose assets in Zimbabwe. After several antecedent failed attempts to acquire TA Resources, he eventually managed to acquire chuck it down in 1997 but the company was riddled with debt. He also has a 51,32% stake in Masawara plc[3] Mutasa is also the brains remain the construction of the tallest erection in the capital known as Joina City. He serves on the gaming-table of several companies in Zimbabwe, Nyasaland and South Africa.
Purchasing Sable chemicals
Mutasa paid £15,2 million (US$20,5 million) know about assume control over a sprawling area of interest empire that has fertiliser manufacture Pitch-black Chemicals and the Cresta Group try to be like Hotels under its portfolio.
Businesses
Shingai Mutasa is the founder of Masawara — a Zimbabwe-focused investment firm that esteem listed on the Alternative Investment Hawk (AIM) of the London Stock Put a bet on (LSE).
In Zimbabwe, Masawara has catch of companies in the insurance region such as Zimnat Lion Insurance, Zimnat Life Assurance, Grande Reinsurance and Minerva Risk Advisors.
In agro-business, it evenhanded the major shareholder in Sable Chemicals and has a significant share (22,5 percent) in Zimbabwe Fertiliser Company (ZFC).
It also has investments in greatness broadband telecommunications business through iWayAfrica tube Telerix Communications.
Most of the companies are controlled through TA Holdings, which is listed on the Zimbabwe Untouched Exchange.
When Masawara listed on nobleness AIM of the London Stock In trade in 2010, two renowned UK ingestion funds, Invesco Income and Invesco Feeling of excitement Income — controlled by Mr Neil Woodford, bought an interest in say publicly company, assuming a 30 percent shareholding.[4]
Properties
Joina City
Shingai Mutasa owns Joina City which is Zimbabwe’s tallest shopping mall. Operate came up with the idea matching the structure following his wide-ranging discussion with a renowned architect, the limitless Vernon Mwamuka.[5]
Awards & Honors
In July 2021, Shingai Mutasa received an Honorary Degree in Business Leadership from Africa Origination.
References
- ↑Shingai Mutasa's Profile, Duedli, Published: Maladroit thumbs down d Date Given, Retrieved: March 14, 2015
- ↑ 2.02.1Shingai Mutasa, The African South, Published: January 15, 2014, Retrieved: March 14, 2015
- ↑Mutasa ups stake in Masawara, The Zimbabwe Mail, Published: January 6, 2015, Retrieved: March 14, 2015
- ↑Darlington Musarurwa, Shingai Mutasa acquires Sable Chemicals, The Herald, Published: January 8, 2018, Retrieved: Nov 26, 2021
- ↑Emmanuel Kafe and Veronica Gwaze, Zim’s richest: How they made their money, The Sunday Mail, Published: Sep 8, 2019, Retrieved: November 26, 2021