US business mogul “chucks out” local communities from poverty


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An American mining investor is supporting local mining communities by extending various philanthropic works to them.


MGG Holdings founded by Frederick R. McKoy, a United States business mogul, has its Zimbabwe subsidiary, MGG Advisory. The mining conglomerate has already started helping youths in Zvishavane who are into mining by giving them financial aid to start mining or to buy mining equipment to boost up production.

Local traditional leaders that were full of praises for Mckoy, confirmed that a number of youths from Zvishavane have been bailed out with start up capital to start small scale mining while others will be helped to get access to mining equipment that will enable them to scale up production.


The US-based company is said to be making strategic partnerships that will see an increase in American investors flocking into the country.


An employee who identified himself as Elijah, revealed there are more Americans set to jet in the country in the near future .

” I am currently, in Shurugwi at the mines and will be in Harare in a day or two , you can get in touch with our office in Harare” .

Quizzed on their future activities, the figures of people helped , he revealed that what they have done is just a start of huge things ahead.

” I can safely say, not long from now, we will be the leading mining company in the country.

“My boss Mr Frederick Mckoy and his partners really have big plans for the mining sector in Zimbabwe,”he said

The company has previously pledged to build a school for the local community at no cost and provide funding for books and equipment.

It seeks to improve the health services in Zimbabwe, which in most cases is not easily accessed by developing and building micro-medical clinics and channelling resources for a small medical aid staff,basic medical supplies and equipment.


A tour of the MGG offices in Harare showed a successful and thriving operation. Interestingly key positions were managed by youthful and exhilarating staff.

A chat with the energetic staffers was evidence enough that MGG envisages a community that should have access to safe and clean water and access to solar energy.

The other shareholders in the conglomerate are Jack A Goodle of Upper Marlboro,Maryland and Isaacs S Manning of Orlando ,Florida.