Mpinga exits Mwana Africa as Chinese shareholders flex muscle

Mpinga exits Mwana Africa as Chinese shareholders flex muscle

HARARE, June 10 (The Source) – Resources group Mwana Africa chief executive officer Kalaa Mpinga has left the company he founded a day after a crunch extraordinary general meeting which saw the ouster of two Zimbabwean board members as Chinese shareholders flexed their muscle.

Mpinga founded Mwana Africa in 2001 after leaving Anglo American Corporation where he was director.

“Mwana announces the departure of Mr Kalaa Mpinga as Chief Executive Officer of the Company with immediate effect,” the company said in a statement.

Yat Hoi Ning, formerly Interim Non-Executive Chairman, has become Executive Chairman and Scott Morrison, who was appointed as a Non-Executive Director of Mwana at the EGM  has become Senior Independent Non-Executive Director.

Incoming Executive Chairman Yat Hoi Ning said “Mr Mpinga and Mwana have decided to part-company by mutual consent. He has been a great asset in the creation of Mwana and throughout its development to date. We wish him all the best in the future.