Indigenous Business Women's Organisation

73 b Central Ave, Harare, . ,Post Office box: 3710, Harare, Zimbabwe

Indigenous Business Women Organisation (IBWO) is a Zimbabwean affirmative action company which operates under a consortium group called Empowerment Corporation of Zimbabwe. It was formed by a Zimbabwean businesswoman Jane Mutasa.

Formation

The Indigenous Business Women’s Organisation (IBWO) was formed in 1994 to help local women start businesses as well as offering advice to existing ones.^[1]

The parent company, Empowerment Corporation of Zimbabwe has 40% stake in a local telecoms company Telecel Zimbabwe and this makes the company a strategic partner in the business. IBWO owns 9% of shares in Empowerment Corporation of Zimbabwe.^[2]

In 2010, IBWO founder Mutasa was arrested for allegedly using the company to enrich herself.^[1] She was said to have indulged in corrupt activities using the name of the company to defraud people. Through IBWO, Mutasa is said to have externalised foreign currency in 2004. Later, she was also accused of exporting goods to other countries in the region through the name of the company.^[1]

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References

1. ↑ ^{1.0 1.1 1.2} , Trouble multiplies for Jane Mutasa,Zimbabwe Situation, published:14 Mar 20110,retrieved: 29 Jan 2015 "
2. ↑ K. Maposa, Mugabe's nephew saves Telecel,Mail and Guardian, published:16 Aug 2013,retrieved:28 Jan 2015"