Coal producer Makomo Resources has moved to reassure employees that it was not involved in the widely discussed US$50,000 wedding gift reportedly presented at the recent wedding of businessman Kudakwashe Tagwirei's son, Taonanyasha, saying social media reports had confused the company with another unrelated business.
In an internal communication addressed to workers, management said employees had raised concerns following media and social media reports linking "Makomo" to the gift.
“Management acknowledges the concerns raised by employees following media coverage about an alleged US$50,000 wedding gift,” the company said.
According to the memorandum, reports circulating online incorrectly identified Makomo Resources as the entity connected to the gift.
“The reports circulating on social media incorrectly refer to Makomo Resources in connection with this gift. Makomo Resources was not represented at the event, and no such gift was made by Makomo Resources.”
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The company said the confusion appears to stem from references to another firm, Makomo Engineering, whose name was reportedly used interchangeably with Makomo Resources in some social media discussions.
“We understand that a separate entity, Makomo Engineering, was referred to in some of the social media articles, and its name appears to have been used interchangeably with Makomo Resources.”
The company stressed that the two businesses are entirely separate.
“Makomo Engineering and Makomo Resources are unrelated distinct entities with different shareholders and directors.”
The clarification comes at a sensitive time for Makomo Resources, which is rebuilding its operations and financial position after emerging from corporate rescue proceedings last year.
The coal miner entered corporate rescue in 2021 following mounting debts owed to creditors, including employees, becoming one of the most closely watched restructuring cases in Zimbabwe's mining sector. The rescue process culminated in a restructuring programme aimed at stabilising operations and settling obligations to creditors.
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