Warrant Of Arrest for Grace Mugabe’s Alleged Lover James Makamba

Businessman Mr James Makamba still has a warrant of arrest hanging around his neck — 13 years after skipping the border over externalisation charges.

The Sunday Mail Business established that the Harare magistrates’ court issued a warrant of arrest for Mr Makamba on August 31, 2005.

The Empowerment Corporation chair had failed to attend court to answer six counts of violating the Exchange Control Act.

Mr Makamba fled the country in 2005 and hibernated in South Africa for over a decade, only to resurface in December 2017.

A former Zanu-PF central committee member, Mr Makamba has vast business interests in telecommunications, agriculture, retail, mining and digital publishing.

The businessman has not been cleared of illegally dealing in foreign currency under case number CRB 12678-81/04.

Approached for comment, Mr Makamba declined to discuss the matter.

“I have been misquoted a lot of times and I am not ready to comment over the phone. I prefer face to face,” he said.

However, Mr Makamba could not commit to any meeting.

This comes amidst a fierce fight over the control of Empowerment Corporation (EC), which has a 40 percent stake in Telecel Zimbabwe. Mr Makamba is still referring himself as Telecel chair by virtue of his shares in the EC, even though he reportedly sold his stake. EC was set up in 1998 to ensure locals had a stake in the telecommunications business and this saw various local organisations such as Mr Makamba’s Kestrel Corporation, Dr Jane Mutasa’s Selphon Investments, Magamba eChimurenga, Integrated Engineering Group, National Miners Association and the Zimbabwe Farmers Union, getting shares.

Mr Makamba sparked a fight last month after writing to Telecel Zimbabwe chief executive officer, Mrs Angeline Vere, announcing the withdrawal of lawyer Mr Gerald Mlotshwa as a Telecel Zimbabwe director.

Mr Mlotshwa’s lawyers — Mushoriwa Pasi Corporate Attorneys — have since wrote back to Mr Makamba and Telecel, disputing the move to remove their client from the company board of directors.

Mr Makamba wrote to Mrs Vere purporting that EC directors had met and resolved to get rid of Mr Mlotshwa.

However, EC company secretary Mr Chemunofira Caston Chikosi, in a sworn affidavit, shot down M0r Makamba’s claim that EC directors met.

“I am aware of the sale of the Kestrel Corporation Limited shares to George Manyere and Gerald Mlotshwa. I confirm that I was instructed by Dr Makamba to prepare and update financial statements of Empowerment Corporation (Private) Limited in light of this transaction,” he said.

“I have seen minutes or extracts of minutes of a meeting purportedly by Mr Makamba and Dr (Jane) Mutasa in or around the 16th of May 2018.

“However, as company secretary, I am not aware of any such meeting and cannot authenticate these minutes or extract thereof.”

Recently, Mr Makamba was dragged to court by Mr Manyere over a $2,7 million debt, which Mr Mlotshwa had initially undertook to take over on condition that the EC chair transfers equivalent shares to him.

The Sunday Mail Business gleaned EC meeting minutes dated February 9, 2017, which confirm that Mr Makamba’s Krestel had ceded its shares in EC to Mr Mlotshwa over a debt owed to Mr Manyere.

In part, the minutes read: “It was noted that negotiations for the disposal of Krestel’s shares, after the Brainworks acquisition had been taken into account, had been ongoing for a number of months between Mr Makamba and Mr Mlotshwa.

“It was agreed and resolved that the parties conclude the necessary sale and purchase agreements (SPA) in respect of the disposal. It was emphasised that fair and actual consideration would need to be paid for these shares by Mr Mlotshwa.

“The lawyers retained by Mr Manyere for the MHMK Group acquition of Krestel’s shares would also be returned for the purposes of concluding the disposal to Mr Mlotshwa of Krestel’s remaining 30.25 percent in EC.”

Diamond Mining and Mnangagwa’s re-engagement dilemma . . . America threatens China-Zim deals

Zimbabwe’s new administration of President Emmerson Mnangagwa is in a dilemma on how to effectively handle different foreign policy nuances by power houses like America and China.

The policy stands by two nations threaten to halt existing deals between China and Zimbabwe.

China, an ally of Zimbabwe during her days under the malaise of economic sanctions imposed by Britain, America and the European Union has extended US$100 million to President Mnangagwa, with another US$1 billion already negotiated for the rehabilitation of the Hwange Thermal power station.

However, investigations by CIJZ reveal that the loans have stringent conditions attached which are in conflict with the interest of America.

China wants Zimbabwe to restore Anjin Investment’s diamond operating licence which government withdrew when it formed the Zimbabwe Consolidated Diamond Company (ZCDC) in 2016.

The condition deals Mnangagwa’s administration a massive blow to its re-engagement as Anjin Investments’ top diamond buyer Azura Consulting has been slapped with sanctions by the US government.

Documents seen by CIJZ show that Azura consulting participated in Anjin Investment’s diamonds auctions at the peak of its operations between 2010 and 2016.

In an invitation letter addressed to Azura chief Executive officer Eli Avidar Anjin invited the diamond dealers to deposit US$20 million as security for the diamond parcel. Invitation_Letter_anjin(1)

“Please be advised that Anjin is currently selling a large parcel (in excess of 2.5 million carats) with assortments of varying grades. Your company is invited to view the parcel on the condition that you deposit USD$20 MILLION on or before 7 December 2012 into a designated bank account,” reads the letter.

Azura consulting is owned by the Gertler Foundation whose president is an Israeli billionaire Dan Gertler.

In December 2017 the US president Donald Trump launched new sanctions targeting those it described in a statement as “human rights abusers and corrupt actors around the world.”

Included on the list is Israeli billionaire Dan Gertler, recently a senior adviser to the Fleurette Group, which sold its 31% stake in the Democratic Republic Congo’s Mutanda copper mine to Glencore in mid-February 2017.
“The president imposed sanctions on 13 individuals and the Treasury Department’s Office of Foreign Assets Control imposed sanctions on an additional 39 individuals and entities. The sanctions mean that all assets within US jurisdiction of the individuals and entities included, or designated by OFAC, are blocked and US persons are generally prohibited from engaging in transactions with them,” reads the US government statement.

The statement also described Gertler as “an international businessman and billionaire who has amassed his fortune through hundreds of millions of dollars’ worth of opaque and corrupt mining and oil deals in the Democratic Republic of Congo.”

“Treasury alleges that Gertler “used his close friendship with DRC President Joseph Kabila to act as a middleman for mining asset sales in the DRC, requiring some multinational companies to go through Gertler to do business with the Congolese state.” As a result, between 2010 and 2012, the DRC reportedly lost more than $1.36 billion in revenue from the underpricing of mining assets that were sold to offshore companies linked to Gertler.”

Diamonds industry sources in Zimbabwe say it is this relationship between Anjin Investment and the Gertler Foundation that will cause a problem for Mnangagwa.

Seemingly conflicted by different foreign policy nuances by power houses,  Mnangagwa told Zanu PF supporters at a rally in Chegutu on Friday that Zimbabwe has opened up to the international community but ‘we will not forget those who stood by us when we were under sanctions.’

Since assuming office, Mnangagwa’s administration has been pushing for the re-engagement with the Western countries following decades of isolation as a result of sanctions imposed over gross human rights abuses and corruption. Britain is reportedly supporting Mnangagwa’s re-engagement drive.

Anjin is a joint venture between the Anhui Foreign Economic Construction (Group) Co Ltd (Afec), a large construction company which sources say is connected to the military-industrial complex in China, and Matt Bronze Enterprises, which was formed by the Defence ministry and the Zimbabwe Defence Forces through Glass Finish Investments (Pvt) Ltd.

At the peak of diamond mining in Zimbabwe Anjin had a fair share of scandals which include, among others the syphoning of US$255 million from diamond proceeds via BancABC.

Anjin’s subsidiary which handled its investments, SOGECOA Zimbabwe Limited, was used to salt away millions of dollars and has invested in hotels in Zimbabwe, Zambia and Mozambique.

 

:- CIJZ Investigations team