The Reserve Bank of Zimbabwe has written to all banks directing them to freeze all accounts belonging to Sakunda, Access Finance, Spartan security and Croco Motors and related entities. Banks were also ordered not to process any withdrawals although deposits and other transactions are allowed. The central bank indicated that the companies in question were under investigation. See full text below.
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Sakunda Holdings is a privately owned Zimbabwean company in the commodities industry. It was founded and is majority owned owned by commodities businessman, Kuda Tagwirei. Sakunda Holdings has three distinct operating divisions namely Sakunda Energy, Sakunda Trading and Sakunda Logistics. The company holds a virtual... Read More About Sakunda Holdings