INNSCOR Africa Ltd (Innscor) founding director Zed Koudounaris’s reassignment to group operations on the continent does not necessarily mean the company has found tangible investment oppo
rtunities, new Innscor chief executive John Koumides has said.
Koudounaris, who officially relinquished his deputy chairmanship post to motoring tycoon Ray Kaukonde on Monday, has been tasked with prospecting for new business in Africa, but his new mandate will cover nothing outside the company’s current business scope.
“Currently, there are no projects underway which Koudounaris is pursuing, but as we progress he will work on opportunities which come up,” Koumides, a former Delta Corporation executive, said.
Innscor is listed on the Zimbabwe Stock Exchange and unveiled a new management team on January 6. It operates in at least nine African countries and it has been keen to expand its portfolio through global arm, Innscor International, and other arrangements.
The group’s operations are also classified between Zimbabwe and the region.