The response from Deputy Finance Minister Clemence Chiduwa was quite interesting and seemed to have raised a lot more unanswered questions.
Though the mining house has been in the news recently as the one that is going to revive the Zimbabwe Iron and Steel Company (ZISCO), the former steel giant was not mentioned among its subsidiaries.
Dzivaresekwa legislator Edwin Mushoriwa literally protested that Chiduwa was lying to Parliament.
Here is what fully transpired.
ESTABLISHMENT PROCESS OF KUVIMBA MINING HOUSE
MARKHAM asked the Minister of Finance and Economic Development to explain the following to the House:
THE DEPUTY MINISTER OF FINANCE AND ECONOMIC DEVELOPMENT (HON. CHIDUWA): Mr. Speaker Sir, in response to the questions asked by the Hon. Member regarding Kuvimba Mining House. Kuvimba Mining House Private Limited is a private company incorporated in accordance with the laws of Zimbabwe. It was registered in September, 2020. The legal instrument, Kuvimba Mining House is a company registered in accordance with the Companies and Other Business Entities Act. Government and other special interest groups acquired ordinary shares in the company resulting in the company becoming a shareholder along with other shareholders. The shareholders are as follows:
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This post was last modified on March 11, 2023 8:53 pm
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