Brainworks founders exit group
Brainworks Capital founders George Manyere and Walter Kambwanji have sold their shareholding in the Johannesburg Stock Exchange listed company and have now acquired the company’s investment in Getbucks.
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Brainworks Capital founders George Manyere and Walter Kambwanji have sold their shareholding in the Johannesburg Stock Exchange listed company and have now acquired the company’s investment in Getbucks.
By John Kachembere Zimbabwe’s largest coal miner, Hwange Colliery Company Limited (HCCL), has engaged financial services advisory firm, Brainworks Capital (Brainworks), to assist in debt restructuring and capital-raising initiatives. HCCL, with a $310 million debt overhang, last week said it was currently engaged in negotiations with its creditors in order to come up with a mutually […]
HARARE – Brainworks Capital Management Limited (Brainworks), the company at the centre of Zimbabwe’s controversial indigenisation deals says government abandoned the implementation of the transactions almost two years ago.
HARARE – Atlas Mara Co-Nvest Limited (Atlas Mara) on Wednesday disposed its 10,1 percent stake in Zimbabwe-focused private equity and advisory firm Brainworks Capital Management Limited (Brainworks) valued at $8,72 million.
HARARE – In what appears to be a stampede by the business community to buy into Zanu PF patronage, Vice president Emmerson Mnangagwa’s necktie was auctioned at an astronomical figure of US$30 500 at a fundraising function by the Zimbabwe Youth Council (ZYC).
HARARE – Parliament on Wednesday grilled Savior Kasukuwere, Youth, Development and Indigenisation minister, over alleged illegal indigenisation deals involving Brainworks Capital, a private firm which stitched deals on behalf of government without going to tender.
HARARE – The High Court has stopped the Zimbabwe Anti-Corruption Commission from conducting searches at the offices of the National Indigenisation and Economic Empowerment Board.
HARARE – Zimbabwe’s indigenisation drive has turned out to be a massive cash cow for well-heeled and politically-connected elites, as details of massive misrepresentation and grand looting for deal makers emerge.