Mnangagwa’s Former Adviser Shingi Munyeza Struggles To Pay US$100 000 Debt.

Outspoken Harare struggling businessman Shingi Munyeza, who was President Emmerson Mnangagwa’s adviser on the presidential advisory council, is now paying his family friend Marjorie Mutemererwa her US$100 000 which he had borrowed, but was failing to repay for sometime.

Latest information shows Munyeza, well-known in business circles, has so far paid Mutemererwa US$44 000 after some court order and a civil imprisonment order were issued against him, starting from July.

On 24 July, Munyeza and his wife Wilma were ordered to pay Mutemererwa US$100 000 being a refund of the money lent.

And then on 13 September they were ordered the pay the principal amount, including US$2 919 interest and legal costs amounting US$7000 in terms of court order HC1696/23.

The amount is supposed to be payable in five equal instalments on or before the 30th of every month with the first instalment having been due on 30 September.

If the Munyezas fail to pay, the whole amount becomes due and payable immediately, and if they cannot raise that again they would go to jail at Harare Central Prison for 90 days.

Munyeza has been going through serious business and personal financial problems.

In the process, he has lost his Borrowdale Brooke house in Harare, household items such as furniture, electronic goods and a car to Connect Microfinance Zambia over debts. Another car was also sold to pay Mutemererwa.

As result, Munyeza, a hitherto well-known businessman who ran top franchises and a prominent hotelier who later became fiercely critical of Mnangagwa, is now renting his former house, paying US$1 500 a month.

The NewsHawks has seen some of the evidence of payment of rentals to Connect.

Munyeza sold his Borrowdale Brook house for US$625 000 to become a tenant.

On 25 June 2022, he agreed to sell his house to Connect Microfinance Zambia Limited and the company paid for the property and other items in full on 17 July.

The deal also included selling all his properties, including chairs and fridges, for US$10 630.

When Mutemererwa attached the Borrowdale Brooke house, Connect then revealed that it now owned the house in question.

The Munyezas were served a writ of execution by the office of the Sheriff for Zimbabwe on 27 July 2023 with respect to judgment granted by the court in favour of Mutemererwa against them on 20 July 2023.

Connect acquired the property from Munyeza at the same time as they got the immovable property on 6 October 2022.
Now Munyeza is almost halfway in paying the debt that has ruined his good reputation.