Wicknell Chivayo Granted $2 000 Bail

Controversial businessman Wicknell Chivayo has been granted $2000 bail by the High Court. Chivayo approached the High Court after he was denied bail by Harare Magistrate Elisha Singano, who deemed him a flight risk.

Chivayo is facing charges of defrauding the Zimbabwe Power Company over the Gwanda Solar Power Project. He allegedly received a US$5 million advance from the Zimbabwe Power Company (ZPC) in irregular circumstances but failed to make any meaningful progress for two years. He is also facing money-laundering and violating exchange control regulations.

He was arrested under the orders of recently appointed acting Prosecutor General Patrick Hodzi after former prosecutor general Ray Goba allegedly took no action for months despite receiving a docket from the Zimbabwe Anti-Corruption Commission (Zacc).