Shingi Munyeza loses his upmarket mansion over debts…He’s now a lodger at his former house

Prominent Businessman Shingi Munyeza Faces Financial Difficulties

Shingi Munyeza, a well-known businessman and church leader, has experienced a reversal of fortune due to mounting debts. After failing to meet obligations to Connect Microfinance Zambia, the High Court granted an order attaching Munyeza’s extensive property holdings.

Once the owner of an upmarket home, Munyeza is now renting the same property for US$1,500 per month as his former residence and contents were seized. Among the items attached were appliances, electronics, furniture for both indoor and outdoor use, kitchen items, a vehicle, and lawn equipment.

The court action in July effectively depleted Munyeza’s immovable and movable assets. It serves as a cautionary tale of how unexpectedly financial troubles can arise, even for accomplished community figures. While details of what precipitated Munyeza’s difficulties remain private, the legal proceedings have left him renting in his previous household rather than maintaining ownership.

Among the property attached on July 27 this year is a Ford Ranger vehicle, 6 x Samsung TVs, 2 x single chairs, 1 x 3 seater, 1 x soundbar, 1c wooden bedroom suit, 1 x cream couch + striped couch, 1 x dining suite + 8 chairs, 5 x single seaters, 2 x dining room sofas, 1x Hisense small silver fridge, 1 x Siemens double door fridge, 1 x Siemens dishwasher, 1 x Siemens washing machine, 1 x Siemens dryer, 1 x LG Microwave, 1 x Kelvinator small fridge, 1 x Hoover, 1 x Lawnmower, 1 x gas braai stand + gas tank, 1 x 6 seater outdoor chairs + table, 4 x rugs, 1 x 4 piece veranda sofa, 1 x seven-seater garden chairs + table, fibre chairs + table.