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Supa Mandiwanzira acquitted

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Supa Mandiwanzira

Supa Mandiwanzira heaved a sigh of relief yesterday after the High Court acquitted him on one of the criminal abuse of office charges involving a $218 million auditing contract signed by NetOne and a South African company.

Justice Nicholas Mathonsi granted the defence application for review of the trial court proceedings, in which Mandiwanzira sought to set aside the charge relating to procurement of services from the South African-based Megawatt Energy.

Mandiwanzira was accused of unprocedurally cherry-picking Megawatt Energy to investigate a $218 million contract that was signed by former NetOne chief executive Reward Kangai.

The Nyanga South legislator had denied all the charges and was cleared of the first count.

He now faces one charge involving the appointment of his personal assistant Tawanda Chinembiri, a civil servant at director level, to the Postal and Telecommunications Regulatory Authority (Potraz) board and Universal Services Fund in violation of corporate governance principles.

Charges against Supa Mandiwanzira were that on June 26, 2013, Kangai and a Chinese company Huawei Technologies entered into a contract for the supply of network expansion and modernisation equipment to the tune of $218 954 843.

After signing the contract, NetOne secured a loan with China Exim Bank through the Finance Ministry then represented by former minister Patrick Chinamasa.

It was alleged that on January 19, 2015, Megawatt Energy, a South African company owned by Lui Xiadong wrote to Supa Mandiwanzira, seeking a meeting with him. Mandiwanzira agreed to engage Megawatt supposedly on a pro bono basis.

Megawatt, it was alleged, jointly owned property in Johannesburg with Mandiwanzira’s company Blue Nightingale. Mandiwanzira engaged Megawatt without going to tender and in the absence of a contract, according to the State case. The Herald

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BUSINESS

African Union’s Inclusion in G20: A Significant Acknowledgment of a Continent with 1 Billion Inhabitants

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african-union-g20

The world’s most powerful economies, the G20, have welcomed the African Union (AU) as a permanent member, recognising Africa’s more than 50 countries as important players on the global stage. US President Joe Biden and Indian Prime Minister Narendra Modi both expressed support for the AU’s permanent membership.

The AU has advocated for full membership for seven years and, until now, South Africa was the only African country in the G20. The AU represents a continent with a young population of 1.3 billion, which is set to double by 2050 and make up a quarter of the world’s population.

Africa’s 55 member states have long pushed for meaningful roles in global bodies, including the United Nations Security Council, and want reforms to the global financial system. The continent is increasingly attracting investment and political interest from global powers like China, Russia, Gulf nations, Turkey, Israel, and Iran. African leaders are challenging the framing of the continent as passive victim and want to be brokers instead.

They seek fairer treatment by financial institutions, delivery of rich countries’ long-promised $100 billion a year in climate financing for developing nations, and a global tax on fossil fuels. The AU’s full G20 membership will enable it to represent a continent that’s home to the world’s largest free trade area and abundant resources needed to combat climate change. The African continent has 60% of the world’s renewable energy assets and over 30% of the minerals key to renewable and low-carbon technologies.

African leaders want more industrial development closer to home to benefit their economies. Finding a common position among the AU’s member states, from economic powers to some of the world’s poorest nations, can be challenging, but Africa will need to speak with one voice to influence G20 decision-making. African leaders have shown their willingness to take collective action, as seen during the COVID-19 pandemic. As a high-profile G20 member, Africa’s demands will be harder to ignore.

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Forging Strong Bonds: Iran and Zimbabwe Deepen Economic Ties in Raisi’s Africa Tour

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Zimbabwe and Iran

On Thursday, Zimbabwe and Iran signed 12 memorandums of understanding to strengthen their bilateral ties during Iranian President Ebrahim Raisi’s visit to Africa. Raisi had previously visited Kenya and Uganda before meeting with Zimbabwean President Emmerson Mnangagwa in Harare. Among the 12 MOUs is a plan to establish a tractor manufacturing plant in Zimbabwe with the help of an Iranian company and a local partner. The two countries also signed agreements for cooperation in energy, agriculture, pharmaceuticals, and telecommunications, as well as research, science, and technology projects.

Mnangagwa expressed his appreciation for investments in several sectors of Zimbabwe’s economy to reporters after the signing ceremony. However, he did not disclose the amount of investment Zimbabwe is expecting from Iran. Raisi mentioned the economic challenges facing Iran and Zimbabwe due to U.S. sanctions but emphasised his country’s efforts to build closer economic ties.

According to Iran’s foreign ministry, trade with Africa is expected to exceed $2 billion this year, but there was no comparison to the previous year’s figures. This African visit is the first by an Iranian leader since 2013, following a visit to three Latin American countries in June, all of which are also affected by U.S. sanctions.

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Breaking News: E-Creator Fraud Ring Leader Apprehended by Police

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Zhao Jiaotong

The Zimbabwe Republic Police is requesting that individuals who have been deceived by E-Creator, Zhao Jiaotong come forward and report to the nearest police station.

According to police spokesperson Assistant Commissioner Paul Nyathi, the kingpin of the E-Creator Ponzi scheme has been arrested on charges of fraud. The suspect is identified as Chinese national Zhao Jiaotong, who is said to be the founder of the notorious platform that has scammed people out of thousands of dollars.

Nyathi stated, “The Zimbabwe Republic Police confirms the arrest of Zhao Jiaotong, 39, in connection with a case of fraud in which unsuspecting members of the public were duped through the E-Creator Ponzi scheme.”

The police are urging anyone who may have fallen victim to E-Creator to report to their nearest police station. Additionally, the public is encouraged to exercise caution and perform thorough research before investing in any Ponzi or pyramid schemes that promise quick returns.

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