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Why Zimbabwe's 'Zvigananda' don't appear on any credible list of the wealthy?
Why Zimbabwe's 'Zvigananda' don't appear on any credible list of the wealthy?

Zawya

time23-06-2025

  • Business
  • Zawya

Why Zimbabwe's 'Zvigananda' don't appear on any credible list of the wealthy?

It is always a curious spectacle watching some of the country's most controversial and flamboyant businessmen parading unimaginable wealth on social media—draped in designer labels, cruising in fleets of top-of-the-range luxury vehicles, flying aboard private jets, and throwing wads of hard currency around as if confetti at a wedding. To the uninformed eye, these individuals may easily be mistaken for Africa's richest tycoons. Yet, strikingly and tellingly, their names are nowhere to be found on any credible international or regional lists of the wealthy—be it billionaires or even multimillionaires. They are absent from global rankings like Forbes, Bloomberg, or even serious African business publications that track notable high-net-worth individuals. This stark discrepancy begs an important question: why are Zimbabwe's so-called 'Zvigananda'—a colloquial term for shadowy, politically connected elites—consistently missing from these lists? The answer is not only revealing, but deeply troubling. To begin with, the likes of Kudakwashe Tagwirei and Wicknell Chivayo—among others frequently accused of being at the center of questionable state contracts and government-linked financial scandals—have never been acknowledged by any serious wealth-tracking institutions. This includes not just billionaires' lists, but also those that profile legitimate multimillionaires with traceable, documentable asset bases. This is despite their outward display of extravagant wealth that far surpasses the means of even many high-earning businesspeople. The reason is simple: wealth that cannot be independently verified, traced, or backed by legitimate enterprise does not qualify under the rigorous criteria used to assess the world's richest or most financially successful individuals. Credible rankings rely on transparent, verifiable data. These include publicly listed companies with audited financials, assets that can be quantified and valued, and clearly defined ownership structures. Those who make these lists typically hold shares in successful global or regional companies, maintain diversified investments across multiple markets, and have transparent business records. The wealth of individuals like Aliko Dangote, Strive Masiyiwa, and Nassef Sawiris—who dominate Africa's financial rankings—is documented, declared, and open to scrutiny. Their value is measured not by flashy spending but by equity in productive ventures—factories, mines, retail empires, and manufacturing giants. In stark contrast, the wealth associated with Zimbabwe's corruption-tainted elite is often opaque, murky, and shrouded in controversy. Much of it is alleged to be rooted in inflated government tenders, illicit fuel deals, gold smuggling syndicates, and other shadowy state-linked schemes that do not generate traceable, legitimate revenue. These are transactions where value is siphoned rather than created—where public resources are looted, not invested. As such, the money flows quietly through offshore accounts, shell companies, and front organizations, deliberately concealed from the kind of financial scrutiny required to determine real net worth. This speaks to a fundamental reality: true wealth is not measured by what someone spends or flaunts, but by what they own—clearly, legally, and publicly. Zimbabwe's so-called 'tycoons' often act more like showmen than serious entrepreneurs. They do not control multinational corporations or innovative tech start-ups. They rarely employ thousands of workers or contribute significantly to national development through tax or infrastructure. Instead, they occupy a parasitic role—extracting from the state without giving back, while living off proximity to political power. There is also the strong possibility that many of these individuals do not even truly own the businesses or assets they claim to possess. In politically captured economies like Zimbabwe's, it is not uncommon for elites to use proxies and fronts to camouflage real ownership. Some of these flamboyant figures may be nothing more than convenient public faces—used to shield more powerful actors within government who do not want their hands seen in controversial dealings. It would explain why their names appear on contracts, but their grip on actual assets remains shaky or temporary. In the world of corruption, deniability is currency. Moreover, legitimate wealthy individuals have no reason to fear exposure. In fact, many welcome the visibility that comes with being listed on Forbes, Bloomberg, or The Africa Report, as it builds investor confidence and enhances their business profile. In contrast, Zimbabwe's politically connected 'Zvigananda' are often the subject of anti-corruption investigations, parliamentary inquiries, and investigative journalism exposés. They have every incentive to hide their assets, understate their holdings, or operate in the shadows. Declaring themselves wealthy might invite international scrutiny, sanctions, or tax audits—risks they are unwilling to take. This culture of secrecy and flamboyant deception has created a dangerous illusion. It convinces the masses that success can be attained through political loyalty and corruption rather than innovation and hard work. It glamorizes theft, ridicules honest enterprise, and replaces economic patriotism with a scramble for personal enrichment. Yet beneath the glitz lies an emptiness—because the wealth displayed is neither stable, nor sustainable, nor respected. It is even more absurd that individuals like Wicknell Chivayo have recently gone as far as publicly taunting that they will be billionaires by 2030. Yet, as things stand today, Chivayo is not even listed on any credible platform as a verified millionaire—let alone on any watchlist of rising global wealth. His flamboyant lifestyle may dominate social media, but without transparent ownership of real, productive businesses or verifiable financial assets, such claims are nothing more than theatrical delusions. The very systems that compile and recognize legitimate wealth—like Forbes, Bloomberg, or reputable African financial indices—require more than designer clothes and gifting expensive cars. They demand evidence of sustainable, audited enterprise, which Chivayo has never publicly demonstrated. As long as his so-called riches remain rooted in shady procurement deals, opaque transactions, and a parasitic relationship with political power, he will never be acknowledged among the continent's truly wealthy. Even at the level of economic logic, most of these individuals would not qualify as genuine multimillionaires, let alone billionaires. Their wealth is not invested in large-scale productive sectors like agriculture, mining, manufacturing, or exports that generate long-term returns. Instead, it is funneled into consumption, luxury, and speculation. There are no billion-dollar companies being built, no stock exchange listings, no IPOs, no philanthropic foundations, and certainly no traceable tax contributions to national coffers. What exists is a revolving door of patronage—where access to contracts, forex allocations, or national resources is contingent on remaining in the good graces of those in political power. Ultimately, the absence of Zimbabwe's 'Zvigananda' from any credible list of the wealthy is not a coincidence. It is a mirror reflecting the kind of economy we have built—one in which power, not productivity, determines prosperity; where corruption is rewarded more than competence; and where the image of wealth is crafted not in boardrooms, but in backrooms. This is the cost of political patronage and institutionalized corruption. A country with so much potential has been reduced to a playground for a few flashy individuals who mistake state looting for business acumen. Until Zimbabwe builds a genuine economic system—based on accountability, transparency, innovation, and rule of law—our richest citizens will remain invisible to the world's wealth trackers, and our economy will continue to serve the few at the expense of the many. Real multimillionaires and billionaires don't need to show off—they build legacies that speak for them. What we have instead are illusionists, cloaked in Gucci and Versace, projecting the image of wealth while hiding the rot beneath.© Copyright The Zimbabwean. All rights reserved. Provided by SyndiGate Media Inc. (

Nobody can stop talking about the self-styled knight giving away cars
Nobody can stop talking about the self-styled knight giving away cars

Yahoo

time22-06-2025

  • Automotive
  • Yahoo

Nobody can stop talking about the self-styled knight giving away cars

A flashy tycoon in Zimbabwe has a nation entranced - some beguiled, others alarmed - by his habit of giving away cars along with wads of cash to those he deems patriotic - even presenting them to those he has never met. Mercedes-Benzes, Toyota SUVs, Range Rovers are Wicknell Chivayo's vehicles of choice for the recipients, who range from music stars, down-at-heel gospel singers, footballers, church leaders and those loyal to the ruling Zanu-PF party. The controversial 44-year-old is himself partial to a white Royals Royce and has a fleet of personalised luxury cars, some of which he has also started giving away as he gets in newer models. For years "Sir Wicknell", as he calls himself, has loved to boast about his riches via Instagram - details the tabloids lap up - but while he is open about how he spends his money, he is less so about how he makes it as he faces scrutiny over the source of his wealth in a country where life is a daily struggle for most people. In the last year or so his social media account has also been awash with posts about his donations. They follow a similar pattern: a photo of a gleaming car with balloons tied to it - sometimes with a big bow on its bonnet - is accompanied with a message of congratulations to someone with instructions about where they should collect it, usually from one of various luxury car dealerships he uses in the capital, Harare. "Please GO AND SEE VICTOR at EXQUISITE MOTORS, your brand new 2025 Range Rover Autobiography is FULLY PAID FOR and ready for collection," he told top musician Jah Prayzah last month, adding that $150,000 (£111,000) in cash was also awaiting him there. "This is just a small token of my gratitude for your IMMENSE contribution to Zimbabwean music and your patriotism in uniting thousands of people through music, preaching PEACE, preaching LOVE and preaching UNITY in every song." The volume of his "public gifting" has become almost frenzied - he even reposts humorous memes about it. On social media, Zanu-PF accounts have been lavishing him in praise, commending his philanthropy. In private Sir Wicknell - as everyone knows him - has also dished out houses and study scholarships to followers of his apostolic church, the Zion Christian Church, known for their white garments and worshipping outdoors. The softly spoken, heavy-set businessman has come to symbolise Zimbabwe's growing "flex culture" - the desire to flash one's wealth in person and online. "$hopping and spending money are just some of my hobbies," he wrote in 2013, when he first started on Instagram, next to a hotel trolley full of his purchases. This was followed not long after by the quip: "Damn being rich is a headache at times" and a photo of his vast shoe collection as he tried to decide whether to wear a pair of Louis Vuittons or Salvatore Ferragamos. And so it has continued, with holidays to Dubai, New York, Paris, London and business trips to Johannesburg, Shanghai and New Delhi - and most recently posts about his new private jet. He also loves to display his proximity to power - posting photos of himself with politicians, from Zimbabwe's late President Robert Mugabe and his successor Emmerson Mnangagwa to, more recently, other African leaders such as Tanzania's Samia Suluhu Hassan and Kenya's William Ruto. "He is very hands-on with his businesses dealings, very much on the ground and keeping tabs on how every cent is spent," a businessman, who has previously dealt with Mr Chivayo and asked to remain anonymous, told the BBC. "It's clear that he is politically protected," he said. In Cry Havoc, the late British mercenary and coup plotter Simon Mann's 2011 memoir of his time incarcerated in Zimbabwe's Chikurubi Maximum Prison, the former British army officer said his "well-educated" fellow inmate Wicknell warned him never to criticise Zanu-PF. The pair were in the same cell block - Mann serving four years for his role in a failed coup attempt in Equatorial Guinea in 2004 and Chivayo a couple of years for fraud. "In Africa the unsolicited gift is massively powerful," Mann quoted him as saying - a seemingly prophetic comment. Between them they paid in cigarettes for the services of a prisoner, serving 94 years for armed robbery, to do their laundry. Mann said Chivayo insisted on referring to him as their "butler". The two remained friends with Sir Wicknell posting a smiling photo of them together in 2013 - a year that seems to have been a turning point for him. It was when, as well as taking to Instagram, his company Intratrek Zimbabwe and a Chinese firm won a tender to build a solar power plant worth $172.8m. But the project later became embroiled in fraud allegations - court records several years later state that Intratrek had been paid an advance to begin work on the 100MW plant in Gwanda but failed to deliver as expected to the state-owned Zimbabwe Power Company (ZPC). He in turn sued ZPC for cancelling its contact over the dispute. He won that case and was later acquitted of all the criminal charges. Sir Wicknell is media shy, has spoken of his dislike of journalists and politely declined my request for an interview. But on a rare outing on a breakfast radio show last year, he was asked directly how he made his money. In bashful tones, he said his main business was government tenders secured with foreign partners in the areas of renewable energy, engineering procurement, construction and power projects. He said he also had businesses in Kenya, South Africa and Tanzania. Late last year, his company IMC Communications was licensed as the partner for Elon Musk's Starlink satellite internet service provider. On Instagram, he has been much more brash about his "Midas touch" - saying he is a "hustler" who works hard. He also attributes his success as a "self-made millionaire" to his humble background growing up Harare's satellite township of Chitungwiza, where his family struggled after his father died when he was aged 10. He tends to repost "throw-back" photos to his late teens when through a family friend he got a job as a wages clerk at a bus company. "I remember I was the only one my age with a cell phone in Chitungwiza," he has said about his hard-working ethic. An avowed Zanu-PF supporter he has previously attributed his success to the party's empowerment policy, which was launched in 2013 and forced all companies to cede economic control to black Zimbabweans. Some see him as a successful example of this indigenisation policy, creating a new class of black businessmen, but others believe some of his wealth is a result of corruption and murky relationships with those in power – which he vehemently denies. Questioned in February about Sir Wicknell's predilection for giving away cars, President Mnangagwa dismissed an accusation that the businessman was acting as his frontman. "Where would I get the money to give him?... You can't bother me about someone who is philanthropic," he told journalists. The Zimbabwe Anti-Corruption Commission (ZACC) did launch an inquiry last year after South African investigative non-profit organisation Open Secrets alleged Chivayo had received a windfall of millions of dollars as the facilitator of a tender to supply election materials to the Zimbabwe Electoral Commission (Zec) in 2023. The scandal ballooned when a leaked audio message purportedly of Mr Chivayo talking about the deal also seemed to implicate two other businessmen by consoling them for failing to get promised kickbacks, suggesting many more deals were in the pipeline as "we have them in vice-like grip". The fallout was spectacular. Zec denied any dealings with Mr Chivayo or the other men, all of whom denied the allegations - and a year on ZACC has not charged anyone. Mr Chivayo said the audio must have been a deep fake, generated through sophisticated technology. He also apologised to the president for any impression the audio may have created that the first family was corrupt. But not long afterwards, the two businessmen mentioned in the audio were arrested and charged with misappropriating around $7m in a separate case. They deny the accusations, linked to a presidential goat scheme tender, and have spent almost a year in jail waiting for the trial to begin. This week there has been more hoo-ha about a supposed leak over a document from March about an alleged $500m contract with Mr Chivayo's name listed as a director of a company to supply cancer treatment equipment to the Zimbabwe government for four years. The outrage is over the fact that if it is true, it did not go through a public tendering process. The government and Mr Chivayo have dismissed the allegations, pointing out that the so-called contract touted as evidence is unsigned. "For a whole group of opposition outfits to team up and make noise about an unsigned FAKE document is an embarrassing desperation for political relevance," Mr Chivayo said. The father of two, not long remarried at an elaborate wedding ceremony with more than 15,000 guests, has often said he is not interested in becoming a politician. For him it is all about the money - and he says he is determined to see off his "haters". Posing by his jet recently, he wore a tracksuit with a giant "B" emblazoned on his tracksuit, saying: "Take note the 'B' is the inevitable billionaire status coming my way against all odds." But his close ties with power, which have allowed him to become rich, mean he will always fly close to controversy. A man called Bombshell fires up Zimbabwe's succession battle I blame the Church for my brother's death, says Zimbabwean sister of UK child abuser's victim I cannot forgive Mugabe's soldiers – massacre survivor Digging riverbeds in Zimbabwe in desperate search for water Go to for more news from the African continent. Follow us on Twitter @BBCAfrica, on Facebook at BBC Africa or on Instagram at bbcafrica Focus on Africa This Is Africa

Zimbabwe's 'Sir Wicknell': Nobody can stop talking about the self-styled knight giving away cars
Zimbabwe's 'Sir Wicknell': Nobody can stop talking about the self-styled knight giving away cars

BBC News

time22-06-2025

  • Automotive
  • BBC News

Zimbabwe's 'Sir Wicknell': Nobody can stop talking about the self-styled knight giving away cars

A flashy tycoon in Zimbabwe has a nation entranced - some beguiled, others alarmed - by his habit of giving away cars along with wads of cash to those he deems patriotic - even presenting them to those he has never Toyota SUVs, Range Rovers are Wicknell Chivayo's vehicles of choice for the recipients, who range from music stars, down-at-heel gospel singers, footballers, church leaders and those loyal to the ruling Zanu-PF controversial 44-year-old is himself partial to a white Royals Royce and has a fleet of personalised luxury cars, some of which he has also started giving away as he gets in newer years "Sir Wicknell", as he calls himself, has loved to boast about his riches via Instagram - details the tabloids lap up - but while he is open about how he spends his money, he is less so about how he makes it as he faces scrutiny over the source of his wealth in a country where life is a daily struggle for most the last year or so his social media account has also been awash with posts about his follow a similar pattern: a photo of a gleaming car with balloons tied to it - sometimes with a big bow on its bonnet - is accompanied with a message of congratulations to someone with instructions about where they should collect it, usually from one of various luxury car dealerships he uses in the capital, Harare."Please GO AND SEE VICTOR at EXQUISITE MOTORS, your brand new 2025 Range Rover Autobiography is FULLY PAID FOR and ready for collection," he told top musician Jah Prayzah last month, adding that $150,000 (£111,000) in cash was also awaiting him there."This is just a small token of my gratitude for your IMMENSE contribution to Zimbabwean music and your patriotism in uniting thousands of people through music, preaching PEACE, preaching LOVE and preaching UNITY in every song."The volume of his "public gifting" has become almost frenzied - he even reposts humorous memes about it. On social media, Zanu-PF accounts have been lavishing him in praise, commending his philanthropy. In private Sir Wicknell - as everyone knows him - has also dished out houses and study scholarships to followers of his apostolic church, the Zion Christian Church, known for their white garments and worshipping softly spoken, heavy-set businessman has come to symbolise Zimbabwe's growing "flex culture" - the desire to flash one's wealth in person and online."$hopping and spending money are just some of my hobbies," he wrote in 2013, when he first started on Instagram, next to a hotel trolley full of his was followed not long after by the quip: "Damn being rich is a headache at times" and a photo of his vast shoe collection as he tried to decide whether to wear a pair of Louis Vuittons or Salvatore so it has continued, with holidays to Dubai, New York, Paris, London and business trips to Johannesburg, Shanghai and New Delhi - and most recently posts about his new private also loves to display his proximity to power - posting photos of himself with politicians, from Zimbabwe's late President Robert Mugabe and his successor Emmerson Mnangagwa to, more recently, other African leaders such as Tanzania's Samia Suluhu Hassan and Kenya's William Ruto."He is very hands-on with his businesses dealings, very much on the ground and keeping tabs on how every cent is spent," a businessman, who has previously dealt with Mr Chivayo and asked to remain anonymous, told the BBC."It's clear that he is politically protected," he Cry Havoc, the late British mercenary and coup plotter Simon Mann's 2011 memoir of his time incarcerated in Zimbabwe's Chikurubi Maximum Prison, the former British army officer said his "well-educated" fellow inmate Wicknell warned him never to criticise pair were in the same cell block - Mann serving four years for his role in a failed coup attempt in Equatorial Guinea in 2004 and Chivayo a couple of years for fraud."In Africa the unsolicited gift is massively powerful," Mann quoted him as saying - a seemingly prophetic them they paid in cigarettes for the services of a prisoner, serving 94 years for armed robbery, to do their laundry. Mann said Chivayo insisted on referring to him as their "butler". The two remained friends with Sir Wicknell posting a smiling photo of them together in 2013 - a year that seems to have been a turning point for was when, as well as taking to Instagram, his company Intratrek Zimbabwe and a Chinese firm won a tender to build a solar power plant worth $ the project later became embroiled in fraud allegations - court records several years later state that Intratrek had been paid an advance to begin work on the 100MW plant in Gwanda but failed to deliver as expected to the state-owned Zimbabwe Power Company (ZPC).He in turn sued ZPC for cancelling its contact over the dispute. He won that case and was later acquitted of all the criminal Wicknell is media shy, has spoken of his dislike of journalists and politely declined my request for an on a rare outing on a breakfast radio show last year, he was asked directly how he made his bashful tones, he said his main business was government tenders secured with foreign partners in the areas of renewable energy, engineering procurement, construction and power projects. He said he also had businesses in Kenya, South Africa and last year, his company IMC Communications was licensed as the partner for Elon Musk's Starlink satellite internet service Instagram, he has been much more brash about his "Midas touch" - saying he is a "hustler" who works hard. He also attributes his success as a "self-made millionaire" to his humble background growing up Harare's satellite township of Chitungwiza, where his family struggled after his father died when he was aged tends to repost "throw-back" photos to his late teens when through a family friend he got a job as a wages clerk at a bus company. "I remember I was the only one my age with a cell phone in Chitungwiza," he has said about his hard-working ethic. An avowed Zanu-PF supporter he has previously attributed his success to the party's empowerment policy, which was launched in 2013 and forced all companies to cede economic control to black see him as a successful example of this indigenisation policy, creating a new class of black businessmen, but others believe some of his wealth is a result of corruption and murky relationships with those in power – which he vehemently in February about Sir Wicknell's predilection for giving away cars, President Mnangagwa dismissed an accusation that the businessman was acting as his frontman. "Where would I get the money to give him?... You can't bother me about someone who is philanthropic," he told Zimbabwe Anti-Corruption Commission (ZACC) did launch an inquiry last year after South African investigative non-profit organisation Open Secrets alleged Chivayo had received a windfall of millions of dollars as the facilitator of a tender to supply election materials to the Zimbabwe Electoral Commission (Zec) in scandal ballooned when a leaked audio message purportedly of Mr Chivayo talking about the deal also seemed to implicate two other businessmen by consoling them for failing to get promised kickbacks, suggesting many more deals were in the pipeline as "we have them in vice-like grip".The fallout was spectacular. Zec denied any dealings with Mr Chivayo or the other men, all of whom denied the allegations - and a year on ZACC has not charged Chivayo said the audio must have been a deep fake, generated through sophisticated technology. He also apologised to the president for any impression the audio may have created that the first family was not long afterwards, the two businessmen mentioned in the audio were arrested and charged with misappropriating around $7m in a separate case. They deny the accusations, linked to a presidential goat scheme tender, and have spent almost a year in jail waiting for the trial to begin. This week there has been more hoo-ha about a supposed leak over a document from March about an alleged $500m contract with Mr Chivayo's name listed as a director of a company to supply cancer treatment equipment to the Zimbabwe government for four outrage is over the fact that if it is true, it did not go through a public tendering process. The government and Mr Chivayo have dismissed the allegations, pointing out that the so-called contract touted as evidence is unsigned."For a whole group of opposition outfits to team up and make noise about an unsigned FAKE document is an embarrassing desperation for political relevance," Mr Chivayo father of two, not long remarried at an elaborate wedding ceremony with more than 15,000 guests, has often said he is not interested in becoming a him it is all about the money - and he says he is determined to see off his "haters". Posing by his jet recently, he wore a tracksuit with a giant "B" emblazoned on his tracksuit, saying: "Take note the 'B' is the inevitable billionaire status coming my way against all odds."But his close ties with power, which have allowed him to become rich, mean he will always fly close to controversy. You may also be interested in: A man called Bombshell fires up Zimbabwe's succession battleI blame the Church for my brother's death, says Zimbabwean sister of UK child abuser's victimI cannot forgive Mugabe's soldiers – massacre survivorDigging riverbeds in Zimbabwe in desperate search for water Go to for more news from the African us on Twitter @BBCAfrica, on Facebook at BBC Africa or on Instagram at bbcafrica

Investigating Wicknell Chivayo: South African banks linked to R800 million money laundering allegations
Investigating Wicknell Chivayo: South African banks linked to R800 million money laundering allegations

IOL News

time09-05-2025

  • Business
  • IOL News

Investigating Wicknell Chivayo: South African banks linked to R800 million money laundering allegations

Flamboyant Zimbabwean businessman and socialite Wicknell Chivayo posing with his personalised Rolls Royce Phantom - one of the many expensive toys in his large fleet. The national assembly in Zimbabwe has been petitioned to use its oversight mechanisms to investigate widespread allegations of money laundering activities against flamboyant Zimbabwean mogul, Wicknell Chivayo - a known close ally of President Emmerson Mnangagwa. In documents seen by IOL, Emmanuel Nkosilathi Moyo, an activist based in the town of Kwekwe has written to Zimbabwe's Speaker of Parliament, Jacob Mudenda, urging the legislature to conduct an investigation into the allegations of money laundering and corruption levelled against Chivayo. In the petition, Moyo urges Zimbabwe's parliament to closely probe the Zimbabwe Electoral Commission (ZEC)'s US$100 million tender which was awarded ahead of the 2023 general elections. According to media reports in Zimbabwe, the tender, awarded to South African firm Ren-Form CC with Chivayo reportedly acting as a key intermediary, has caused a stir following revelations in leaked documents purported to be from South Africa's Financial Intelligence Centre (FIC). Get your news on the go, click here to join the IOL News WhatsApp channel. The documents which were widely distributed online, raise alarm bells about Chivayo receiving R800 million of the R1.2 billion (US$66 million) tender value. In the documents, the FIC raised red flags, highlighting the possibility of activities including money laundering and other criminal activity. However, in April, IOL contacted the FIC which declined to confirm the validity of the documents. 'Thank you for your query to the Financial Intelligence Centre (FIC). The FIC is unable to confirm whether the documents referred in your query originate from the FIC,' the agency wrote to IOL last month. IOL reported earlier this week that a top Zimbabwean banker is at the centre of the nearly R2 billion Zimbabwe Electoral Commission tender scandal involving a South African printing company paid R1.2 billion by the government of Zimbabwe. The lucrative tender was for the supply of election materials in 2023. Raymond Singathini Chigogwana, who is chief executive of a Harare-based money transfer agency, Access Finance Group, and Access Forex (Proprietary) Limited, a money remittance entity in Johannesburg, allegedly facilitated Chivayo's rapid movement of the R800 million across banks from proceeds of an allegedly corrupt deal. The movement of the funds reportedly caught the attention of the South African Revenue Services and the police. Zimbabwe's investigative online publication, News Hawks, reported that Chivayo got paid in South Africa, sparking the allegations of corruption and money laundering activities.

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