By Dorrothy Moyo| ZANU PF President Emmerson Mnangagwa is set to anger Russian President Vladimir Putin after announcing that shares purchased by a top Russian firm can be chopped down at any time.

When Mnangagwa arrived in Moscow in January, he was criticised by that country’s prime minister Dimitry Medvedev, the latter who subtly described him as a wanderer seeking for business assistance where even close nations like Belarus would not get a penny.

Barely 3 years ago, Mnangagwa’s party kicked out the same Russian diamond company, ELROSA, a development that saw Mnangagwa being told by President Vladimir Putin, “We will assist you [only] with everything that depends on us.”

This time, Mnangagwa’s administration has moved to announce to the returning Russian company that its shareholding is a shifting one.
The Minister of Information Monica Mutsvangwa yesterday said, the Zimbabwe Diamond Company would get 30% and the Russians get 70%. “

 

But she also said the shareholding would change at any time in the future.

“Yes, I talked about 30% right shareholding, and then the shareholding will also however be re-negotiated at agreed intervals of the project cycle, up to a split of 49%, 51% agreed,” she said.

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While a comment could not be obtained from the Russians, pre responses could be read from their standing communique that criticises Mnangagwa on business ethics. MORE TO FOLLOW