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Vol 62 No 12

Published 10th June 2021


Zimbabwe

Tagwirei's pipeline under threat

President Mnangagwa is backing a new oil company against a fuel cartel run by the generals' favourite businessman

A company registered in the United Kingdom with strong South African links has signed an agreement that could give it dominance over Zimbabwe's more than US$1 billion fuel import market, according to sources familiar with the deal. If seen through, the arrangement would end the long-standing control of the fuel market by Kudakwashe Tagwirei, a businessman long close to major commodities trader Trafigura and under United States sanctions for alleged corruption since last year.

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