Billionaire Africa has released a list of vast businesses owned by one of the richest Zimbabweans Zinona Koundounaris popurlarly known as Zed.
Zed is a Zimbabwean entrepreneur who co-founded the Innscor Africa Limited with Michael Fowler.
His total fortune is estimated to be $734 million (£603 million).
Zinona owns the companies below:
1.Insscor Africa
A diversified pan-African management holding company, specializes in manufacturing, distributing, and retailing food products. Koudounaris, often referred to as “Zed,” holds a 2.5-percent ownership stake in the industrial conglomerate.
2.Simbisa Brands
Zimbabwe’s top fast-food restaurant operator, boasts a diverse portfolio of renowned quick-service restaurant brands. Koudounaris has an 18.41-percent stake. Simbisa Brands operates across Zimbabwe and 10 other African nations including Kenya, Ghana, Mauritius, Botswana, DRC, Malawi, Swaziland, Lesotho, and Zambia.
3.Axia Corporation Limited Harare-based retail enterprise, offers specialty homeware furniture and electrical appliances across 38 outlets. Additionally, it retails automotive spares in Zambia and Malawi. Koudounaris holds a significant 20.86-percent stake.
4.Padenga Holdings
A Zimbabwe-based industry leader, supplies nearly 85 percent of the world’s Nile crocodile skins, catering to luxury fashion brands. Operating three farms in Zimbabwe – Kariba, Ume, and Nyanya Crocodile Farms – each breeding up to 15,000 hatchlings yearly.
5.Acia Aero Leasing
Founded in the early 2000s, is a regional aircraft lessor specializing in turboprop aircraft. Operating from offices in Ireland, France, South Africa, and Mauritius. Koudounaris presides as Chairman of the ACIA Aero Leasing Group Board and leads the Group’s Investment Committee.
