Sakunda Holdings Closing Down Permanently Due To Years Of ‘Irrecoverable’ Losses

Sakunda Logistics has reportedly shut down permanently after four years due to ‘irrecoverable’ losses. Sakunda Holdings became famous for the wrong reasons recently when former ZANU PF apologist, Acie Lumumba sensationally claimed that the company was at the centre of state capture. He reportedly referred to the company’s director, Kuda Tagwirei as  “Queen Bee”.

In the latest developments,  in a letter written to the company’s employees, the company’s finance and human resources director S Mpunga said

I regret to notify you all that Sakunda Logistics will be permanently closing down as we have suffered irrecoverable losses over the past four years.

We are sorry to notify you that your jobs with Sakunda Logistics terminate in one month on 31 December 2018.

We express our deepest gratitude to all of you for your dedicated service at Sakunda Logistics. We wish you the best in all your future endeavours.

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Sakunda HoldingsAcie Lumumba

Sakunda Holdings is a privately owned Zimbabwean company governed by the laws of Zimbabwe and its Memorandum of Association and Articles of Incorporation. It has three distinct operating divisions namely Sakunda Energy, Sakunda Trading and Sakunda Logistics. The company holds a virtual monopoly over fuel... Read More About Sakunda Holdings

Lumumba William Gerald Mutumanje aka Acie Lumumba is a Zimbabwean politician, media personality and entrepreneur. He is a former member of the Zimbabwe African National Union Patriotic Front (ZANU PF). He has been accused of misappropriation of funds and corruption on a number of occasions.... Read More About Acie Lumumba


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3 comments on “Sakunda Holdings Closing Down Permanently Due To Years Of ‘Irrecoverable’ Losses

  1. Is this a CIRCUS?????? A decoy, A charade, a thing? or a PLOY??? Or a STRATEGY??? Tell me somebody. Do they now have a new name in JEBS??

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