Renowned Harare cleric and entrepreneur Shingi Munyeza, formerly an adviser to President Emmerson Mnangagwa on the presidential advisory council, is currently in the process of repaying a substantial debt to his former family friend, Marjorie Fadziso Mutemererwa.
Recent updates indicate that Munyeza, a well-known figure in business circles, has already paid Mutemererwa $44,000 following a court order and civil imprisonment directive issued against him in July.
On 24 July, Munyeza and his wife Wilma were mandated to reimburse Mutemererwa with $100,000, representing the borrowed amount. Subsequently, on 13 September, they were ordered to settle the principal sum, along with $2,919 in interest and $7,000 in legal costs, as per court order HC1696/23.
This total amount is structured to be paid in five equal monthly instalments, due by the 30th of each month, with the initial payment due on 30 September. Failure to comply would make the entire amount immediately payable, and non-payment could result in a 90-day imprisonment at Harare Central Prison for the Munyezas.
Despite the ongoing payments, sources reveal that Munyeza and his wife have not strictly adhered to the court-ordered payment schedule. The $44,000 paid so far deviates from the prescribed instalments, terms, and conditions, constituting a breach of the court order. For instance, a $7,000 payment made in October violates the civil imprisonment order.
A source states, “Mutemererwa is closely monitoring their actions. While relieved that payments are underway, there is concern they may default. Nevertheless, she remains open to an amicable settlement by the court orders.”
Munyeza, facing significant business and financial challenges, has lost his Borrowdale Brooke house in Harare and household items and a car due to debts owed to Connect Microfinance Zambia.
Further evidence indicates that Munyeza, once a prominent businessman and hotelier critical of Mnangagwa, now rents his former residence for $1,500 monthly.
The source has obtained documentation illustrating Munyeza’s payment of rentals to Connect. His Borrowdale Brook house was sold for $625,000, and he now rents the property he once owned.
On 25 June 2022, Munyeza agreed to sell his house to Connect Microfinance Zambia Limited, completing the transaction on 17 July. The deal included the sale of all belongings, amounting to $10,630.
When Mutemererwa seized the Borrowdale Brooke house, Connect confirmed its ownership, having acquired the property from Munyeza on 6 October 2022, concurrently with the issuance of a writ of execution by the Sheriff of Zimbabwe.