Sakunda Holdings founded by Kudakwashe Tagwirei has sealed a deal with the Harare City Council for the long term lease of Rufaro Stadium.
Rufaro Stadium was red-flagged by the ZIFA First Insurance Board in 2020 as it was no longer fit for use. Refurbishing the sports stadium to international standards is the core reason for the deal between Sakunda and the city council.
The deal also involves the rehabilitation of Belgravia Sports Club and its facilities for use by Dynamos for training purposes. Sakunda is the major sponsor for Dynamos and Highlanders and the deal will benefit DeMbare as the refurbished facility will be their home.
The refurbishments will include;
- Rufaro Stadium turf rehabilitation
- Terrace refurbishment and bucket seat installation
- Parking and road construction
- Surrounding and facilities rehabilitation
- Power supply system — solar options
- Water supply
- Sewage reticulation
- Water drainage management system
While this is a very good development, one cannot help but notice that Kudakwashe Tagwirei is really making a lot of financial moves. The commodities trader with extensive interests in the energy sector is the founder and current CEO of Sakunda Holdings Group, which has a controlling grip on critical sectors of the economy, from mining to real estate to agriculture and banking.
Sakunda Holdings has three distinct operating divisions namely Sakunda Energy, Sakunda Trading and Sakunda Logistics. The company also holds a virtual monopoly over fuel distribution in Zimbabwe. The new Rufaro Stadium deal shows that there are no limits and as long as one has money, they can literally do everything.