Categories: News

Mnangagwa must declare his wealth first

A United Nations report on the plunder of resources in the Democratic Republic of Congo named Mnangagwa as having been at the centre of that country’s resource plunder during the second Congo War when the Zimbabwe National Army went to defend Laurent Kabila’s rule.

A United States diplomatic WikiLeaks cable of 2008 claimed that Mnangagwa had amassed extraordinary wealth at the time.

According to the same UN report‚ the command element of the Zimbabwe National Army‚ which helped him to power‚ had investments in the DRC’s mining sector through two holding companies‚ Tremalt and Oryx Natural Resources.

Politicians in Zimbabwe have a tradition of keeping their wealth a secret.

However‚ through divorce cases some have had their riches exposed. One‚ former Finance Minister Ignatius Chombo, was revealed in court papers as owning 15 luxury cars and more than 20 houses in prime areas.

Opposition parliamentarians last week raised questions about how Home Affairs Minister Obert Mpofu had obtained his wealth.

Mpofu allegedly owns a huge chunk of properties in Zimbabwe’s prime resort area‚ Victoria Falls.

Former first lady Grace Mugabe has‚ for some‚ been the poster girl of looting.

A 2016 Range Rover Autobiography worth about R4-million‚ a South African-registered 911 Porsche Carrera and a Rolls Royce Wraith‚ which were accompanied by a written affidavit from Grace‚ caused a spectacle while travelling to South Africa last week.

She also bought two properties in South Africa‚ one of them a mansion in Sandhurst that is worth a reported R45-million. – TimesLIVE

(329 VIEWS)

This post was last modified on January 26, 2018 12:42 pm

Page: 1 2

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

Britain says amendment of the Zimbabwean Constitution is a sovereign, legislative matter for Zimbabwe to decide

Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to…

March 24, 2026

Who started the war?

It is now 47 years since I wrote the short story below for a South…

March 4, 2026

Zimbabwe 2026 monetary policy statement at a glance

Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its…

March 1, 2026

Was Chombo Mugabe’s number two?

Far from it, on paper that is. Ignatius Chombo was one of the longest serving…

February 6, 2026

Zimbabwe’s 2026 citizen’s budget

Zimbabwe on Thursday announced a ZiG290.9 billion budget with revenue expected to be ZiG287.6 billion,…

November 30, 2025

IMF says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated

The International Monetary Fund says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated…

November 8, 2025