Zimbabwe’s wealthy businessmen are gaining greater influence over the country’s ruling party and political system, raising concerns that money and access to government are playing a growing role in determining who holds power.
According to Bloomberg, a group of politically connected entrepreneurs has built substantial fortunes through government contracts, mining interests and state-backed business opportunities under President Emmerson Mnangagwa. Some have also moved into senior positions within the Zimbabwe African National Union Patriotic Front, giving them greater access to the country’s political leadership.
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Their influence has expanded as Mnangagwa’s government moves to change the country’s political system. In July, Mnangagwa signed constitutional amendments extending his presidency by two years to 2030 and removing the requirement for voters to elect his successor directly. Parliament will instead select the next president when his extended term ends.
The changes have drawn criticism from opposition groups, civil society organisations and some senior figures within Zanu PF. They have also raised concerns among international creditors, who have linked future financing for Zimbabwe to governance and political reforms.
