Categories: Stories

Drama as ZANU-PF company says it owns some of the properties declared by Mugabe

A company owned by the Zimbabwe African National Union-Patriotic Font, M and S Syndicate (Private) Limited, says it owns three properties that were listed as part of former President Robert Mugabe’s estate.

The company says it owns the Blue Roof, the house at 27 Quorn Avenue in Mt Pleasant as well as number 129 Forbes Road in Waterfalls.

“These properties still belong to the company and at the moment they do not form part of the estate of the late former President Robert Gabriel Mugabe,” Simplisius Chihambakwe, a lawyer for the company said.

ZANU-PF secretary for legal affairs Munyaradzi Paul Mangwana, however, the properties would ve transferred the Mugabe family promised by President Emmerson Mnangagwa.

Mugabe’s estate will be administered by his daughter Bona.

Assets listed so far are:

  • US$10 million in a CBZ Bank Nostro account
  • House Number 129 Forbes Road, Waterfalls
  • Villa Number 65 Gunhill
  • Number 27 Quorn Avenue Mt Pleasant
  • Lot GB Helensvale and Lot 1 of subdivision B of Sub G of Helensvale
  • Highfield Farm
  • Zvimba rural farming plot (about 5 acres)
  • Zvimba rural home (one hectare)
  • Zvimba orchard (about five acres)
  • 10 cars

(179 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024

Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex

The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…

April 25, 2024

ZiG falls against US dollar

Zimbabwe’s new currency today fell against the United States for the first time since its…

April 25, 2024

ZiG plays havoc on the Zimbabwe Stock Exchange

Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market…

April 24, 2024

Jonathan Moyo tells Mushayavanhu to stick to monetary policy and leave money changers to the police

One bane of recent public discourse in Zimbabwe is not only that it is never…

April 23, 2024

ZiG kicks off third week on a stronger note

Zimbabwe’s new currency kicked off its third week on a stronger note raising questions as…

April 22, 2024