Took Mnangagwa's ZACC 7 years to recover US$7b (1b per year) US$1.6 b per year smuggled gold alone!

ZACC has identified US$7 billion in cash and properties stashed away by former and current Government officials and individuals in UK, USA, Switzerland, Spain, Singapore, Hong Kong, Mauritius, Malaysia and other places, according to a report in the Herald.

This is the ears of the hippo, the rest of the beast is hidden in the muddy waters. We know this the Al Jazeera Gold mafia documentary that revealed that 80% of he US$2 billion per year gold trade is smuggled out of the country. A few years ago a Canadian NGO revealed that Mugabe was making US$2 billion per year from the looted diamonds.

Still the US$ 7 billion is a fortune. Zimbabwe’s economic growth has been cut short by the chronic shortage of electricity, amongst other things. The country has failed to built new power stations. The US$ 7 b could have been used to built Batoka Gorge Hydro (still on the card), Hwange unit 7 and 8 (only commission last year) and built a new Thermal Power Station the size of Hwange near Kwekwe. The economic benefit of these power stations would have added US$ 70 b to the country’s GDP by now.

The US$7 billion is locked in some vault, at best, or, at worst, is being used to bankroll the regime’s double lock iron grip on power!