Categories: News

Mugabe scheduled to testify on $15 billion diamond saga on Wednesday

Former President Robert Mugabe is scheduled to give evidence on the “missing $15 billion” diamonds to the Mines and Energy Portfolio Committee on Wednesday, according to the schedule of portfolio and thematic committee meetings released by Parliament today.

The hearing which will be in the Senate chambers is, however, subject to confirmation.

Mugabe sparked the whole debate about the missing diamonds and the $15 billion two years ago but the government and experts have been at pains to explain that it is impossible for the country to have lost so much revenue.

Fact checking organisation, Zimfact, said Zimbabwe would have had to produce 40 million carats a year between 2009 and 2015 to lose that kind of revenue yet it produced only 50 million carats and earned just over $2.4 billion.

Defence Secretary, Martin Rushwaya told the committee chaired by Norton legislator Temba Mliswa that whoever gave Mugabe the figure of $15 billion had ulterior motives.

“When Mugabe announced the issue of the $15 billion, we said to our colleagues from the Mines Ministry that they must come up with an explanation and asked who gave Mugabe those figures but nobody came out,” Rushwaya said.

“Obviously, whoever gave the figures was someone mischievous and with an ulterior motive, maybe to justify consolidation of diamond mines in Chiadzwa because there was no scientific evidence that there are $15 billion worth of diamonds in Chiadzwa. It is difficult to reach $14 billion diamond output the world over in a year,” he said.

 

(175 VIEWS)

This post was last modified on May 21, 2018 2:51 pm

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 third among the least free countries in SADC

Zimbabwe has been ranked third among the least free countries in Southern Africa but it…

May 24, 2026

Why I had a girlfriend two months after my wife’s death- Take 1

I had always considered it a curse for a wife to die before her husband.…

May 18, 2026

Why I had a girlfriend two months after my wife’s death

This is a true story about the challenges and loneliness I faced when my wife…

May 17, 2026

Coming soon

My first long-form article in booklet form: Why I had a girlfriend two months after…

May 16, 2026

Insider Publisher starts whatsapp channel

The editor and publisher of The Insider, Charles Rukuni, has started a whatsapp channel through…

May 15, 2026

Who propped whom: Masiyiwa vs Nyambirai?

A friend who knows about my legal battle with Zimbabwe’s richest man, Strive Masiyiwa, way…

May 1, 2026