Zinona Koudounaris

Zinona Koudounaris, commonly known as Zed Koudounaris, is a Zimbabwean entrepreneur known mostly for having co-founded Innscor Africa Limited.

Education

He completed his tertiary education at Rhodes University in South Africa where he attained a Bachelor of Commerce degree, majoring in Business and Computer Sciences.

Innscor

Koudounaris has served as Non-Executive Director of innscor since April 1996. Zed is a founder shareholder of the Group and was the driving force behind the initial creation and success of the Group’s core fast food brands. Koudounaris has held a number of positions within the Group including Chief Executive Officer upon the Group’s listing in 1998.

Panama Papers

In May 2016, an investigation into the Panama Papers revealed that Koudounaris and fellow co-founder Michael Fowler, operating through lawyers and accountants, had opened four companies in the British Virgin Islands and transferred money from their salaries to the firms in 2015. This was apparently in violation of Zimbabwe's laws which prevent money earned in Zimbabwe from being transferred to offshore accounts unless approved by the central bank.^[1]

References

1. ↑ Ray Choto, Zimbabwe's Innscor Africa Directors Ensnared in Panama Papers, Voice of America - Zimbabwe, Published:9 May 2016, Retrieved: 16 May 2016