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Zimbabwe: Diamonds Worth U.S.$140 Million Vanish
New Zimbabwe, 14 July 2021
Round diamonds worth an estimated US$140 million dollars have disappeared from the supposedly impenetrable Minerals Marketing Corporation of Zimbabwe (MMCZ) and Zimbabwe… Read more »
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Zimbabwe: Mining Companies Slated for Inadequate Control Mechanisms
The Herald, 12 July 2021
The Zimbabwe Consolidated Diamond Company and the Minerals Marketing Corporation of Zimbabwe have weak control mechanisms that could be prejudicing the State of the much needed… Read more »
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Zimbabwe: States Frustrate Civil Society Efforts to Stem 'Blood Diamond' Sale
263Chat, 29 June 2021
Pressure groups in the extractive sector are rattling world powers over its unwavering stance against trading of blood diamonds, as states led by China continue to derail diamond… Read more »
Who Is Taking a Shine to Zimbabwe's Disappearing Diamonds?
Round diamonds worth an estimated U.S.$140 million have reportedly disappeared from the supposedly impenetrable Minerals Marketing Corporation of Zimbabwe (MMCZ) and Zimbabwe Consolidated Diamond Company (ZCDC) repositories. In her report for 2019 which was recently released, Auditor-General Mildred Chiri revealed that both the MMCZ and ZMDC cannot account for up to 350,000 carats of diamonds which were kept in their vaults.
Responding to Chiri's findings, the ZCDC management said that the company would in future engage a diamond stock controller to prevent such leakages, but the auditor-general said: "such loopholes are mostly a result of deliberate corrupt actions".
InFocus
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Zimbabwe's economy is on a strong rebound and could emerge stronger than other countries in the SADC region and the rest of the African continent, Finance Minister Mthuli Ncube has ... Read more »
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Corruption in Zimbabwe has become endemic within its political, private and civil sectorsover the years. Now corruption syndicates involving medical doctors, police officers, ... Read more »
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Corruption cartels have captured key government institutions including the police and judiciary, making it difficult to tackle graft or bring them to book, Prosecutor-General ... Read more »
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The social and economic cost of harm caused by cartels in Zimbabwe is evident in high unemployment, disease, and hunger although it is difficult to measure how much wealth Zimbabwe ... Read more »
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China has reportedly launched an attack on Tawanda Majoni, a senior Zimbabwean journalist, accusing him of corruption and harbouring political ambitions after Majoni queried the ... Read more »
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The influence of the military in Zimbabwean politics is reported to be on the ascendancy while the army generals have also been reported to be heavily involved in the mining and ... Read more »
