Croco Holdings

From Pindula
Croco Holdings
Trading name
Croco
Formerly called
Croco Motors
FoundedJuly 9, 2002; 17 years ago (2002-07-09)
FounderMoses Chingwena, Anne-Marie Chingwena
HeadquartersPremier Auto, Harare, Zimbabwe
Key people
Farai Matsika, Moses Chingwena, Wesley Chingwena, Takafara Bere, Cosmas T. Marimo, Enock Gambara, Simon Chakoma, Godwin Kwenda
ProductsMotor Vehicles, Funeral Services,
BrandsPremier Auto, Croco Motors
OwnerFarai Matsika, Moses Tonderayi Chingwena Family Trust
Websitecrocomotors.co.zw

Croco Holdings is a Zimbabwean company which owns several other companies including, Croco Motors, Doves, Dulys Holdings and others companies. The company was founded in July 2002 by Moses Chingwena and his wife, Anne-Marie Chingwena.

In September 2019, Croco Motors' bank accounts in Zimbabwe were frozen by the Reserve Bank of Zimbabwe's Finacial Intelligence Unit. In a letter to local financial institutions dated 19 Sepetmber 2019, the RBZ directed the institutions to freeze the company's accounts with immediate effect. Other companies that also had their bank accounts frozen along with Croco Motors are Sakunda Holdings, Spartan Security and Access Finance. [1]

The move by RBZ was reported to be part of a war over the forex black market.[2]

RBZ directs banks to freeze the accounts of Sakunda, Access Finance and Croco Motors

Owners

The company is owned by two main shareholders:

References

  1. FULL TEXT: RBZ Freezes Sakunda, Access Finance, Croco Motors…… Accounts, Pindula News, Published: 20 Sep 2019, Retrieved: 20 Sep 2019
  2. RBZ freezes Sakunda, Croco Motors bank accounts, NewZWire, Published: 20 Sep 2019, Retrieved: 20 Sep 2019