The National Executive Committee (NEC), the supreme decision making body of the Affirmative Action Group is currently seized with the matters relating to the ENG Capital and its subsidiary companies. To date we have ascertained that ENG , through liqudation, has fully amortized all its financial debts.
This has been confirmed by the liquidator, Mr. Reggie Saruchera, Managing Partner of Grant Thornton Calmesa in a communication to AAG. Further, we have copy of the High Court papers declaring that all the ENG’s past and present and future debts have been fully paid.
It is our hope that, if all ENG outstanding issues have been settled, the bank must be allowed to resume operations. ENG has committed to AAG that they would want to, as soon as they get all requisite authorizations, set up a Youth Empowerment Fund that will help to kick start the businesses of many young indigenous men and women.
AAG is grateful to the authorities for the de-specification of several leading black business people and the reissuance of their banking licenses. As the country now prosecutes the revolutionary black economic empowerment agenda, we urge all Zimbabweans in the Diaspora to come back and participate in this historical exercise.
Tafadzwa Musarara
Secretary General
0774508079
ENDS///
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