Mnangagwa Deals Characterized By Opaqueness, Lack Of Scrutiny, Warns Trade Institute

The Southern and Eastern African Trade Information and Negotiations Institute (Seatini) has said that investment deals signed by President Emmerson Mnangagwa in the past four months may not be best for the country. Seatini highlighted that most of the deals have not been subjected to public scrutiny with the finer details unknown.

In a concept paper, Seatini said,

There are, however, discomforts emanating from the opaqueness of the processes leading to these major investment deals, as they are signed in boardrooms, with the public lacking key details to such deals.

There is no full disclosure of details and information on these deals, including full disclosure of the investors. Currently, there are limited forums for collective interrogation of these investment deals that are inclusive of communities and the civil society…investments characterised by opaqueness and lack of public scrutiny may fail the desires of most Zimbabweans.

State media has also apologised for giving out wrong information saying that no mega deals worth billions were signed in the tourism sector.

More: NewsDay

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