Fearing seizures, Mnangagwa transfers state mining assets to a new entity
ZMDC, the state-owned company that owns the majority of the government's mining portfolio, needs to find more than $400m to compensate aggrieved former business partners.
South African mining firm Amari Resources has renewed its fight against the Zimbabwean government, from which it hopes to recover more than $70m in compensation following the withdrawal of its licences. But Harare seems determined not to pay.
Emmerson Mnangagwa knows that in order to get Western sanctions lifted he needs to give his country's strategic tobacco sector a facelift. To this end he sent his top lieutenants to sweet talk international NGOs at a special SADC meeting.
The magnate Kuda Tagwirei, who is an advisor to President Emmerson Mnangagwa, has been granted a substantial tax exemption on one of his mining companies. He is already suspected of being the éminence grise behind Harare's new parastatal, Kuvimba Mining House.