African Gem Resources Limited ("AFGEM") is pleased to announce the
appointment of Ami Mpungwe as a non-executive director. Mr Mpungwe is
chairman of AFGEM's Tanzanian subsidiary and has been integral to its
establishment and development.
Mr Mpungwe has an Honours degree in International Relations and Political
Science and a diploma in International Law and has spent 25 years in the
diplomatic service, including seven years as Tanzanian Ambassador to South
Africa.
"Our Tanzanite Project is our first vertically integrated initiative," says
AFGEM's CEO, Mike Nunn, "and our commitment to our investment in Tanzania is
long term. Ami's involvement in our business so far has been invaluable and
he will bring considerable depth of experience to our main board."
Mr Mpungwe holds directorships with numerous companies including Illovo
Sugar, National Bank of Commerce (ABSA, Tanzania) and LTA Construction
(Tanzania).
As tribute to his principal role in developing relations and trade between
South Africa and Tanzania, President Mbeki recently awarded Mr Mpungwe with
the highest honour which South Africa is able to confer on a foreign
citizen: The Order of Good Hope.
"It is a privilege for me to be a part of AFGEM?s vision to develop and
formalize the tanzanite industry," Mpungwe says, ?Taking Tanzania's most
unique resource into global markets is such an exciting initiative, and I am
looking forward to the group's expansion into other projects in the region."
Johannesburg
23 August 2001
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