Fradreck Kunaka has left the country sole gold buyer and exporter Fidelity Printers and Refiners (FPR).
Sources at the institution said the now former General Manager Kunaka left over a week ago after six years at the helm of the institution.
Kunaka’s departure also follows the silent departure of the entity’s Public Relations Officer Ms Chelesani Moyo.
His departure is part of an internal overhaul at the soon to be restructured company to create two units—gold refining and printing and minting.
The central bank will wholly own the printing and minting business and retain 40% shareholding in the refining entity.
Using a three-year average delivery of gold to Fidelity Printers, the central bank will offer 50% shareholding in FPR to the large-scale gold producers, 3% to major FPR gold buying agents and the balance of 7% to the small-scale producers through their representative bodies.
More to follow…
