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Fossil Contracting, one of the major construction companies in Zimbabwe is under-fire for allegedly constructing substandard roads after getting contracts from the government worth millions of dollars. Pictures of a road in Harare’s Bluff Hill suburb emerged on social media this week showing massive cracks and potholes barely two weeks after it was rehabilitated.
“Emmerson Mnangagwa (Mnangagwa) is the President of Zimbabwe and is involved in corrupt activities, in particular those relating to gold and diamond smuggling networks. Mnangagwa provides a protective shield to smugglers to operate in Zimbabwe and has directed Zimbabwean officials to facilitate the sale of gold and diamonds in illicit markets, taking bribes in exchange for his services. Mnangagwa also oversees Zimbabwe’s security services, which have violently repressed political opponents and civil society groups.”
In a move that is seemingly meant to relentlessly fleece the public purse for the umpteenth time, President Emmerson Mnangagwa’s administration, through the Ministry of Finance on Wednesday gazetted the US$88 million loan for the Mbudzi Interchange in Harare. The Government of Zimbabwe is the borrower in this shady deal, while Fossil Mines (Private) Limited, owned by controversial and sanctioned businessman Obey Chimuka, is the lender. Fossil Group is allegedly linked to businessman Kudakwashe Tagwirei who is reportedly receiving millions of dollars from the Zanu-PF government led by his alleged business partner in President Mnangagwa for road construction contracts and many other projects.
Controversial businessman Kudakwashe Tagwirei and his ally Obey Chimuka spent the whole of the festive season in Qatar together with Fossil Contracting top management exploring opportunities to move their business network offshore to the Arab country in order to possibly evade sanctions imposed on them and their companies by the American government.
Zanu-PF director for information Tafadzwa Mugwadi has described the move by the United States Treasury’s Office of Foreign Assets Control to sanction President Emmerson Mnangagwa’s son and tycoon Kudakwashe Tagwirei’s allies as “barbaric conduct that falls below diplomatic bar”.
The United States Treasury’s Office of Foreign Assets Control has released a new list of sanctions targeting people that work with tycoon Kudakwashe Tagwirei and President Emmerson Mnangagwa’s son Emmerson Junior.
Controversial tycoon Kudakwashe Tagwirei’s close ally Obey Chimuka was in the eye of a storm after he clashed with Vice President Constantino Chiwenga’s son who is employed at construction group Tefoma under controversial circumstances.
Tycoon Kudakwashe Tagwirei’s Fossil Contracting company run by Obey Chimuka has completed the takeover of Lafarge Cement, in a deal that reportedly involved over 61 million shares at a negotiated price of US$29.7 million.
President Emmerson Mnangagwa and his ally, business tycoon Kudakwashe Tagwirei, are being accused of stealing at least US$46 million through a US$88 million contract awarded to the latter for the construction of the Mbudzi interchange flyover.
Controversial business tycoon Kudakwashe Tagwirei has once again won a multimillion dollar (US$85 million) contract for the construction of the Mbudzi interchange flyover.