A Zimbabwe High Court judge has ruled that PHD Ministries leader prophet Walter Magaya must repay US$3 million to an Israeli business partner, rejecting his key defence that the obligation was unlawful under Zimbabwe’s exchange control rules.
The judgment stems from a civil claim filed by a group of Israeli investors who say they advanced the funds to Magaya for a supposed mining venture in Zimbabwe. The money was channelled through Ambassador Ronny Levi Musan, Zimbabwe’s Consul General in Israel, but the project never materialised and the investors say Magaya failed to deliver on the agreement, prompting them to take the matter to court.
Magaya Wanted To Repay US$3 million to Israeli Partner In ZiG
Magaya’s legal team argued that Zimbabwe’s exchange control laws made the agreement unenforceable and that any repayment should be in local currency, ZiG. The judge disagreed, finding the obligation valid and enforceable, and ordered full repayment in the agreed foreign currency.
The Israelis had warned earlier that if Zimbabwe’s courts did not resolve the dispute, they might pursue the matter in international tribunals to recover their funds, highlighting concerns about investor confidence and fairness in cross-border deals.
The case has drawn attention not just for the money involved, but because Magaya is a high‑profile religious figure embroiled in multiple legal battles, including ongoing criminal proceedings in Zimbabwe.
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