Zimbabwean businessman Danny Mavura Huruyadzo says he has finally moved past a financially draining multi-million-dollar dispute with his former South African business associates and is now repositioning himself for renewed growth.
Huruyadzo late last year agreed to an out-of-court settlement in a long-standing commercial standoff involving his company, Hibernic Energy, and South Africa-based Cashfields (Pvt) Ltd.
The agreement saw Hibernic Energy part with US$65 million, a move he described as “a necessary sacrifice” to protect the remainder of his investments and allow him to refocus on new ventures back home.
The dispute stemmed from a once-fruitful partnership in South Africa that deteriorated after Huruyadzo relocated to Zimbabwe to pursue fresh opportunities.
His former partners were reportedly eyeing a share of the US$150 million he generated during years of operating across southern Africa, creating a tense environment that threatened to derail his expansion plans in Zimbabwe.
Huruyadzo yesterday said he has deliberately chosen to look forward rather than remain trapped in the trauma of the past.
“I have put the setback behind me. It was a painful experience, but it taught me resilience. What matters now is that I am rebuilding, and the environment created by the Second Republic has given me the confidence to restart on a clean slate,” he said.
Huruyadzo credited ongoing economic reforms, regulatory stability and investor-friendly policies for enabling him to revive and accelerate new business projects, particularly in the energy and infrastructure sectors.
- Zim headed for a political dead heat in 2023
- Record breaker Mpofu revisits difficult upbringing
- Tendo Electronics eyes Africa after TelOne deal
- Record breaker Mpofu revisits difficult upbringing
Keep Reading
He added that the government’s emphasis on ease of doing business, engagement and re-engagement, and support for indigenous entrepreneurs had opened fresh windows of opportunity.
“Zimbabwe is moving in a positive direction. The policies being implemented are encouraging serious businesspeople to invest. I am one of those who have chosen to commit fully to contributing to national development,” Huruyadzo said.
With the dispute now settled, Huruyadzo said he was concentrating on expanding Hibernic Energy’s local footprint while exploring opportunities in renewable energy, fuel distribution, and logistics — sectors he believes align with the Second Republic’s economic vision.
“This is a new chapter. I am determined to build stronger, transparent and future-oriented business ventures that support Zimbabwe’s economic transformation,” he said.
As he embarks on what he terms his “second rise”, Huruyadzo maintains that the turbulence in South Africa will remain a lesson — but not a limitation — on his renewed business journey.
