Zimbabwe’s rich (Mbingas) linked to state looting

Gilbert Machokoto, a former teacher, said that setting up a business in the late 1980s, shortlyafter Zimbabwe’s independence, was ‘like hunting with your bare hands’. It took a lot ofperseverance before he managed, at the age of 35, to set up a transport business with a smalltruck, taking goods from farms to market. This was a novelty at the time, when all thesuccessful businessmen in the country were white, and black entrepreneurs were limited toretail shops in black communities and petrol stations. Obtaining bank loans was virtuallyimpossible for those without collateral.Initially, Machokoto’s new business failed due to a lack of resources, but his efforts paid offafter a few years. He bought a bigger cross-border truck, and then several trucks. This earnedhim the nickname ‘Boss’ in his community. ‘ Back then, when the doors closed in front ofme, I was bitter and angry,’ he recalls. ‘But I took it as a period of learning.Some of Zimbabwe’s wealthiest people, often referred to as ‘mbingas’ because of their tastefor luxury, are said to have benefited greatly from state-sponsored looting, facilitated by theirclose links to the ruling ZANU-PF party, writes Mukudzei Madenyika for AfricanArguments.During the early days of post-independence economic empowerment policies, blackbusinessmen were initially favoured, but the system gradually turned into patronage.Transparency was overshadowed by political patronage, as ruling party loyalists obtainedmost of the funds, sidelining independents.A number of people very close to the government, including Wicknell Chivayo and DelishNguwaya, benefited from public contracts, often without fulfilling their contractualobligations, as the scandals surrounding unpaid infrastructure have shown. Their wealth hasbeen sustained by a deep-rooted system of clientelism and political loyalty, despite numerousallegations and public outcry.

Editor Spl

Recent Posts

Africa and GCC Trade Doubles to $121 Billion

Trade between African and GCC countries stands at $ 121 billion in 2023, double of what it was in 2016.…

December 21, 2024

Families in Mayotte rebuilding their homes complain of lack of help

Family members struggling after one week after  of Cyclone Chido ripped through the French island territory of Mayotte expressed helplessness…

December 21, 2024

Ethiopian PM Inaugurates UAE-Funded Orphanage in Oromia

The United Arab Emirates has launched its orphanage project in Ethiopia's Oromia region on the orders of President Sheikh Mohamed…

December 21, 2024

A Rising Femicide Threat, Kenya’s Call to End Gender Based Violence

In just four months, 100 women have been killed, the majority by males they knew including spouses. Prime Cabinet Secretary…

December 20, 2024

Actor C Confion has passed away

The Ghanaian entertainment industry is in deep mourning following the sudden death of Bright Owusu, better known as C Confion.…

December 20, 2024

South Africa: 512 Accident Deaths and 941 Arrested for Drunk Driving Just on December Month

Since the beginning of December more than five hundred people have lost their lives on the nation's highways. Barbara Creecy,…

December 19, 2024

This website uses cookies.