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*ED's Advisor Now US$54 Million Richer From New ZUPCO Deal* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?vj Sakunda Holdings boss Kuda Tagwirei, who is a member of President Emmerson Mnangagwa’s Advisory Council, has made a US$54 million in a fresh bus purchase agreement with the government. The Zimbabwe Independent reports that through his company Landela Investments, Tagwirei will import 500 additional buses for mass public transportation. ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- The buses will be imported at a unit price of US$58 900 from Xiamen Golden Dragon Bus Company in China and then sold to the government for US$212 962 for each bus. The landing cost of each bus, including transportation, duty, tax and clearing, will be US$104 147 and this means that Landela Investments will make above 100 per cent profit, at US$108 815 per bus. The government will pay Tagwirei’s company a total of US$106,4 million, with the company pocketing a US$54 million profit from the bus deal. Sakunda Holdings has been involved in several controversial multi-million dollar projects, including Command Agriculture, under which the company failed to account for about US$3 billion in public funds. The company was also awarded the Dema Emergency Power Plant project without going to tender, and the plant has become a white elephant. *More: Zimbabwe Independent* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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