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Ginimbi's Botswana Business Empire Crumbles

3 years agoThu, 21 Jan 2021 12:55:30 GMT
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Ginimbi's Botswana Business Empire Crumbles

The Botswana Energy Regulatory Authority (BERA), has ordered the closure of Quick Gases (Pty) Ltd trading as Liquefied Petroleum Gas, a company belonging to the late Zimbabwean socialite and businessman Genius “Ginimbi” Kadungure.

BERA ordered the closure of the company following a wrangle over control of Ginimbi’s assets that has since spilt into the courts.

A legal tussle has erupted between the Kadungure family appointed executor, Patricia Darangwa and a man who claims Ginimbi granted him power of attorney, Leo Chiweshe.

BERA spokesman, Tshepang Monare, said they had received many reports of people failing to refill their gas cylinders belonging to Quick Gases. Monare told Botswana media:

We had to step in and make sure they assist customers while awaiting a permanent solution.

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Reports indicate that Chiweshe refused to meet and hand over the control of Quick Gases (Pty) Ltd and Matiflex Oils (Pty) Ltd, which Kadungure was running in Botswana, to Ginimbi’s family and their appointed executor.

Darangwa, with the family’s backing, is seeking to get Chiweshe’s power of attorney nullified with the two companies being declared as not having directors following Ginimbi’s death.

The executor wants the court to confirm the appointment of Juliet Kadungure and Nomatter Zinyengere as financial and operations directors of the said companies.

Darangwa also wants Chiweshe to give an account of the affairs of the companies and that he be interdicted and restrained from interfering with the executor’s duties.

Ginimbi died alongside his three friends in a horrific car crash last November when his Rolls Royce Wraith collided with a Honda Fit as he drove to his Domboshava mansion.

More: The Herald

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