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Chivayos

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Zimbabwean Tycoon Chivayo’s Ex-Wife and Mother-in-Law Both Arrested

A family feud has spilled into the courts: Wicknell Chivayo’s former mother-in-law, Tabitha Madzikanda, has been arrested on suspicion of fraud, accused of attempting to divert U.S.$1.4 million from a trust established for her grandchildren. Madzikanda, who works at FBC Bank, allegedly tried to recruit colleagues to remove Chivayo as a signatory on a US$5 million account, after which they purportedly sought to channel the funds into a property development project involving the construction of cluster houses. Her arrest…

Zimbabwe ruling party youths urge government to reject Chivayo’s gift

Zimbabwe’s ruling party youth wing has urged Parliament to reject a reported US$3.6 million offer from businessman Wicknell Chivayo, warning the move could fuel perceptions of private interests exerting undue sway over state institutions. The ZANU PF Youth League said it had seen social media posts suggesting Chivayo intended to donate US$3.6 million to Parliament, but argued such a contribution would be inappropriate. Deputy Secretary for Youth Affairs John Paradza stressed that Parliament must remain independent and…