Analyst, Felix Chiroro has exposed a long list of contracts worth $27 billion the Mnangagwa administration misled the public on.
Writing on Thursday, Chiroro said, Some of us do not make a living out of politics and have the guts to confront you head-on.
FULL TEXT:
A LONG LIST OF LIES, FAKE DEALS AND INCOMPETENCE BY THE MNANGAGWA ADMINISTRATION:
— March 22, 2018: Zimbabwe signed a $4.2 billion deal with Karo Resources, a closely held Cyprus-based company, to build a platinum mine. On April 17, Mnangagwa tweeted that the project is moving ahead and will create 2,500 jobs. On May 15, Tharisa Plc, which has taken a stake in the project, said some drilling has started and the company is awaiting approval of its environmental-impact assessment study. Still waiting even now…
— May 18, 2018: The Herald reported that South Africa’s Nkosikhona Holdings will build a $5.2 billion coal-to-fuel plant in Zimbabwe. A search of South Africa’s company records shows Nkosikhona has one director and an address in a light-industrial area.
— Nov. 1, 2018: Mnangagwa told reporters that Invictus Energy Ltd. had found oil and gas deposits in the country. The next day, Invictus said it hadn’t discovered oil.
— Feb. 19, 2019: A venture between the Zimbabwean and Zambian governments said they’ve shortlisted bidding groups for a $4 billion hydropower plant on the Zambezi River. How far?
— April 10, 2019: Deputy Mines Minister Polite Kambamura said a deal had been signed with Russian investors to build a $4 billion platinum mine. The project is struggling to attract finance because potential backers are wary of the stake held by Zimbabwe’s military.
— April 23, 2019: Mines Minister Winston Chitando said an agreement has been signed with China’s Tsingshan Holding Group Co. to build a 1 million-metric-ton per year stainless-steel export facility in the landlocked country, as well as a power plant and a possible lithium mine at a total cost of $10 billion. Where is it? How about fixing the old ZISCO issue first?
— May 15, 2019: In an article headlined “U.K. beef giant takes over CSC,” the Herald said Zimbabwe’s state-owned cold-storage company would transfer its cattle ranches and abattoirs to Boustead Beef Ltd. for 25 years in exchange for it investing $130 million in the company and paying off debts of $42.5 million.TurnS out the British “giant” is a “briefcase company” with no history of doing business. There is no record of Boustead on the U.K.’s companies register.
No, this is not on. Some of us do not make a living out of politics and have the guts to confront you head-on. I want my vote back.