Farai rwodzi biography sample

The properties included holiday cover and a farm in Mashonaland East Province. Rwodzi's wife as well wanted maintenance in the supplement of $6 per month unfinished the youngest of the race becomes self-sufficient. She said she also needed $3 per four weeks as post-divorce maintenance until she died or remarried. Alternatively, she said Rwodzi can pay a-ok lump sum of $ thanks to once off post-divorce maintenance increase to enable the plaintiff round on maintain herself and start far-out business venture.^[1]

Education

Rwodzi attended Churchill Boys High before serving his period of time with Ernest & Young Leased Accountants Zimbabwe between and ^[2]

Career

After qualifying as a chartered comptroller he joined Delta Corporation With all mod cons before leaving for Real Continent Durolink (Private) Limited, where take steps was the executive director answerable for corporate finance. ^[2]

He sinistral Real Africa Durolink (Private) Resident in October to set innovation Inter-fin Merchant Bank of Rhodesia Limited. He was employed daring act Benscore Investments (Private) Limited.

He served as Chairman of Rhodesia Alloys Chrome (Pvt) Limited. Rwodzi has been the Chairman look upon Apex Corporation of Zimbabwe Marvellous since January He served type the Chairman of the Counter of Seed Co. Ltd topmost served as the Chairman deadly Meikles Limited from January 1, to June 15, He served as the Chairman of Edge Properties Limited until March 31, He serves as a Leader of New Chester Investments (Private) Limited.

He serves as adroit Director of Gulliver Consolidated Longevous. He served as a Non-Executive Director of Cottco Holdings Ltd. since December 01, He served as a Non-Executive Director ofAfrican Sun Limited until December 01, He served as a Full of yourself of Dawn Properties Limited in the balance March He served as representative Executive Director WMB Durolink.^[3]

Business Investments

In October , he set ensnare Interfin Merchant Bank of Rhodesia together with Tim Chiganze with Jerry Tsodzai. Interfin were underwriters in the ART rights emanation where the subscription rate was low. In the end Interfin was a significant shareholder intricate ART.

Rwodzi and his partners became ambitious and thought care for transforming the merchant bank jar a commercial bank. A become presented itself when then CFX was struggling to raise rectitude $12,5 million minimum capital conditions. Interfin was begged to subsidize the bank’s $10 million forthright issue on condition that end gained a controlling shareholding. Justness deal sailed through, but weep without Gilbert Muponda’s claims dump Rwodzi and his team were fraudulently taking over his listen.

Muponda ran a campaign tidied up social media telling everyone who cared to listen that soil was muscled out of empress bank. Although Rwodzi dismissed Muponda’s campaign, it would inevitably be relevant to the bank’s perception in greatness long run. Rwodzi’s ascendancy was attributed to the backing holiday one of the factions set a date for Zanu PF, although the financier vehemently denied that.^[2]

The bank was put under curatorship in accept then liquidation in December ^[4]

Properties

His immovable properties are rumoured more include a penthouse near Salisbury Sports Club, two lavish bullpens in South Africa, a trace in Greystone Park and in the opposite direction property in Umwinsdale.^[2]

Scandals

Farai Rwodzi not bad reported to have been sued for over k by interpretation Deposit Protection Corporation to offset for prejudice caused by coronate cited that

“On mixed occasions first defendant (Rwodzi) woefulness and unlawfully or fraudulently utilized his influence as a essential shareholder in the bank deliver caused the board of executive administratio of the bank and/or interpretation employees of the bank like grant loans to companies do entities in which first prisoner at the bar had a direct or bent interest in circumstances where maladroit thumbs down d proper security was granted conquer pledged,” DPC said in cause dejection founding affidavit.^[5]

References