Zimbabwean businessman Danny Mavura Huruyadzo has secured significant business deals in South Africa and Mozambique, with a combined recapitalisation value of about US$19 million.
Huruyadzo, who has been expanding his business footprint in the region, recently clinched infrastructure development contracts in Mozambique and key petroleum-sector agreements in South Africa, marking what his business associates described as “a new phase of regional growth” for his investment portfolio, Hibernic Energy.
The businessman's office in South Africa also confirmed the developments, saying the new projects reflect growing confidence in local entrepreneurship on the regional market.
“These contracts show that local companies can compete, deliver and contribute meaningfully beyond our borders,” a statement from Hibernic Energy South Africa said.
This publication established that the company's focus was on providing high-quality infrastructure solutions in Mozambique and bringing innovative capacity to the petroleum sector in South Africa.
The recapitalisation is expected to ensure the company meets international standards and timelines.
A local business analyst said the move by Hibernic Energy aligns with the company's long-term vision to build a diversified business empire anchored in southern Africa.
“They are positioning themselves for long-term relevance,” he said.
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“The region is full of opportunities and they intend to take Zimbabwean excellence across borders.”
Huruyadzo could not be reached for comment as he was said to be on a business trip outside the country.
The businessman recently said 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 worth US$90 million 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.
