BUSINESS NEWS

The story of Sakunda Holdings and Zanu-PF

A confidential document authored by Vice-President Constantino Chiwenga and presented to the Zanu-PF politburo on September 17 has surfaced, revealing stunning allegations of grand corruption and loo...

By Staff reporter | Published: 13 October 2025
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BUSINESS NEWS

Chiwenga drops bombshell

Zanu-PF's intensifying succession battles have taken a dramatic turn following sensational revelations reportedly made by Vice President Constantino Chiwenga during a stormy politburo meeting last Wed...

By Staff reporter | Published: 24 September 2025
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INDUSTRIALS & ENERGY

Sakunda plans power exports

SAKUNDA Holdings is in negotiations with the Zimbabwe Regulatory Authority (Zera) and other statutory bodies to export electricity from its 200-megawatt Dema Power Plant to Zambia before year end, bus...

By Staff reporter | Published: 06 July 2018
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MINING & RETAIL

Moti, Sakunda give small miners $50m

AFRICA Chrome Fields (ACF) owners, the Moti Group, and local fuel group Sakunda Holdings have partnered to fund a $50 million small-scale chrome miners support facility.Through a programme called Zimb...

By Staff reporter | Published: 15 June 2018
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BUSINESS NEWS

Fresh row over command agriculture

A ROW has erupted between parliament and Sakunda Holdings over a probe into the murky financing of government's command agriculture programme with the fuel supply firm attempting to block the inquiry ...

By Staff reporter | Published: 23 February 2018
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INDUSTRIALS & ENERGY

Sakunda changes name to Trafigura

Sakunda Private Limited - a fully-integrated energy supplier that has grown to be the biggest fuel trader with stocks in excess of 200 million litres - is changing its name to Trafigura Zimbabwe.The T...

By Staff reporter | Published: 28 August 2017
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INDUSTRIALS & ENERGY

Govt, Sakunda work on $68m irrigation project

GOVERNMENT and Sakunda will collectively invest $68 million towards installation of centre pivots to strengthen irrigation infrastructure in support of agricultural programmes for import-substitution,...

By Staff reporter | Published: 08 August 2017
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LANDS & AGRICULTURE

More funding for command agriculture

Local fuel dealer, Sakunda Energy, says it is targeting to increase its funding for maize production under the command agriculture scheme to cover at least three million hectares next season.Vice-Pre...

By Staff reporter | Published: 23 July 2017
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INDUSTRIALS & ENERGY

CBZ, Sakunda's $120m deal

CBZ Bank Limited (CBZ) has secured a $120 million credit facility from a top European bank, businessdaily can reveal.The money, which is expected to go a long way in easing the current liquidity crunc...

By Staff reporter | Published: 18 December 2013
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INDUSTRIALS & ENERGY

Sakunda to complete fuel loading gantry next year

The $3 million Mabvuku fuel loading gantry project will be complete next year in April, a Sakunda Energy official has said. Sakunda Energy was given the task to construct the loading gantry by the Ene...

By Staff reporter | Published: 12 November 2013
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