MNANGAGWA AND MABIZA WANT TO SELL POSB IN SECRET DEAL
Something very wrong is happening in Zimbabwe again. President Emmerson Mnangagwa and Attorney-General Virginia Mabiza are involved in a big scandal. They want to sell the People’s Own Savings Bank (POSB), which is a bank owned by the people of Zimbabwe. This bank is very important to many workers, pensioners and ordinary families. But now, it may fall into the wrong hands.
Leaked papers show that Mnangagwa and Mabiza are planning to sell POSB to a group called Hebrew Investment Group (HIG). This group says it will put $70 million into the bank and lend $6 billion to the Zimbabwean government. At first, this may sound like a good idea. But if you look closer, it is full of problems.
No one really knows who HIG is. The group does not have a website. It has no history of doing business. It does not show who is behind it or how it works. One of the people representing it is Morris Brown Gwedegwe, who is a controversial preacher. This makes people worry even more. Still, Mnangagwa is going ahead with the plan.
Worse, this deal is not going through the proper government steps. Normally, if the government wants to sell something big like a bank, they must tell the public and ask for many offers. This is called public tender. But Mnangagwa is choosing HIG without doing that. Mabiza is helping him push the deal forward without checking if it is safe or fair. This is very dangerous.
POSB is not just another bank. It is the bank that pays many government workers. It gives loans to civil servants and helps pensioners get their money. It is part of the daily life of many Zimbabweans. But the deal says HIG will get access to the bank’s money without proper checks. That means people’s money is not safe.
The $6 billion loan is also strange. Zimbabwe is not doing well financially. It has a poor credit score. It is hard to believe that anyone would lend Zimbabwe $6 billion with only 0.3% interest to pay back over 30 years. This looks like a scam or a way to hide dirty money. It does not look like a real investment.
Kenias Mafukidze, who is the chairperson of the POSB board, is also involved. He runs a private media company. But he is not using his media to tell the truth about this deal. He is too close to those in power. This makes it hard for people to trust him or the board.
This deal shows how dangerous it is when one man has too much power. Mnangagwa is making this decision without the people. He is risking the future of a bank that belongs to all of us. If he can sell POSB like this, what else can he sell?
Zimbabweans must wake up. We must say no to this. This is not just about a bank. This is about trust, honesty, and protecting what belongs to the people. If we stay quiet, more public institutions will be taken from us. This must stop.
The people of Zimbabwe must demand answers. We need to know who is behind HIG. We need to stop leaders who sell our future in secret. The fight is not just about POSB. It is about standing up against corruption, lies, and betrayal. If we don’t act now, there will be nothing left to protect.
Let us speak. Let us act. POSB is ours. And Zimbabwe is ours too.
