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Aspiring billionaire in US$1 mln church donation

‘It is a six-zero figure, US$1 million. We are quite happy as a church and that is a show of love and kindness.”

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ASPIRING billionaire, Wicknell Chivayo has donated US$1million to the Zion Christian Church (ZCC).

President Emmerson Mnangagwa officiated at the ceremony.

The church’s leader, Bishop Nehemiah Mutendi, revealed the mega-cash donation to delegates attending the ZCC Easter Passover held in Bikita, Masvingo.

“There is this young businessman, Chivayo, who is doing great works. He donated some money to our church.

‘It is a six-zero figure, US$1 million. We are quite happy as a church and that is a show of love and kindness.”

Chivayo who has made public his ambitions to become a billionaire, has donated in a big way to social media influencers and popular musicians

Musician Jah Prayzah tops the list as a beneficiary  of a  top-of-the-range vehicle  worth US$180 000.

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Vendors’ association, ‘rogue’ leader clash over Magaya deal

“In an economy like ours would any bona fide vendor and informal trader agree to allow council to give land to any private investor for them to pay money as rentals?”

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A TURF war has erupted between the Chitungwiza Amalgamated Vendors and Informal Traders Association (CAVITA) founders and one of the directors who is accused of hijacking the association.

The director, Donald Makuvaza is alleged to be compromising CAVITA by pursuing personal interests after he once again publicly threw his weight behind a controversial investment project by Prophet Walter Magaya’s company in Chitungwiza.

Two of CAVITA founders who declined to be named told Zim Community News that they were not happy with the conduct of Donald Makuvaza following the leak of the controversial Chitungwiza Master Plan Memorandum of Understanding (MOA) with Wistmer Investments.

The leak of the MOA with Wistmer later led to the convening of an urgent meeting by councillors, who then rejected its contents.

The MOA seeks the establishment of a collaborative relationship between Council and Wistmer for the preparation of the Chitungwiza Master Plan.

Had the deal gone through Wistmer will have enjoyed “an exclusive and irrevocable Right of First Refusal to participate as the lead private partner for any Smart City Projects the Municipality intends to implement; and exclusive development rights to solely undertake Smart City Projects for an initial period of 10 years from the date of this Agreement”.

Makuvaza, who was among the vocal resident leaders after the controversial memorandum of agreement of the deal was leaked, is said to have made a sudden about-turn following a meeting with Magaya at his farm.

The sources added that Makuvaza who resides in the same neighborhood where Magaya was raised, was likely to be summoned to be cautioned on the issue.

“The issue is not of consulting Trustees and bringing the name of the trust into disrepute by pursuing his narrow interests at the expense of CAVITA.

“Does he think he is clever? In an economy like ours would any bona fide vendor and informal trader agree to allow council to give land to any private investor for them to pay money as rentals?”

CAVITA has three founding directors, but one is now deceased.

This follows a   press statement regarding the Wistmer and Chitungwiza Municipality Agreement that was issued by Makuvaza in which he refuted allegations that CAVITA was now sleeping in the same bed with Wistmer.

“We wish to clarify that CAVITA has not chosen a side in the negotiations between Wistmer and Chitungwiza Municipality. Our primary concern is the well-being and interests of the communities we represent. We remain committed to fostering transparency, fairness, and community participation in all discussions and agreements that affect our constituents.

Makuvaza added that Wistmer’s Smart City project would be beneficial to the community.

“As CAVITA our position still stands that the ambitious SMART project if implemented will be beneficial to our constituency and the community. We also believe that both parties have legal capacity to deal with the contents of the MOA document if there is anything to agree on.

Makuvaza refuted the allegations  and was evasive when asked on whether the statement represented the views of the whole board.

“The organisation is bigger than individuals and we focus on issues that affect our constituents.

“As long as it affects our relevant line of work we are called to duty.”

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Mnangagwa reassigns three ministers

The three are Daniel Garwe who is now Minister of Local Government and Public Works, Wiston Chitando reverts back to be Minister of Mines and Mining Development and  Soda Zhemu  is now Minister of National Housing and Social Amenities.

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PRESIDENT Emmerson Mnangagwa has today reassigned  three Cabinet ministers.

The three are Daniel Garwe who is now Minister of Local Government and Public Works, Wiston Chitando reverts back to be Minister of Mines and Mining Development and  Soda Zhemu  is now Minister of National Housing and Social Amenities.

Garwe was appointed in 2019 as the first Minister of the National Housing and Social Amenities.

Chitando was the local government minister while Zhemu was the Mines minister.

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Mushayavanhu introduces structured currency

The RBZ governor said the starting rate of the new currency that will be backed by gold.

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InfoMinZW

THE new Reserve Bank Governor (RBZ) Dr John Mushayavanhu has introduced a new currency called ZiG during his maiden monetary policy statement.

The RBZ governor said the starting rate of the new currency that will be backed by gold and other foreign currencies will be 1:13.

Dr Mushayavanhu instructed all banks to convert all RTGs accounts to ZiG accounts with immediate effect.

He also announced the abandonment of the auction system.

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