The Zimbabwe Anti-Corruption Commission (ZACC) says Africa has been losing over US$50 billion in illicit financial flows every year and Zimbabwe could be losing US$1 billion annually through graft.
“The impact of corruption cannot be underestimated in Africa. About 43% of Africans are living in poverty, while over US$50 billion worth of stolen assets flow out of Africa every year according to a Transparency International 2018 report,” ZACC vice-chairperson Kuziva Murapa said.
He also mentioned that abuse of power was the main cause of corruption, as well as bad corporate governance practices.
“In 2021, the commission received 1 501 complaints of suspected corruption cases, representing a 32% increase from the previous year. Of the total number of complaints received, 1 354 were corruption-related, while 147 were non-corruption matters. We have signed 24 local and two regional alliances to fight corruption,” Murapa added.
However, It is estimated, but not verified that Zimbabwe could be losing more than US$1 billion annually in the form of illicit financial flows
Meanwhile, Zimbabwe National Road Administration (ZINARA) board chairperson Mr George Manyaya also announced that the roads authority was now seriously dealing with issues of graft raised in the 2018 Auditor-General’s report.
“ZINARA is now undertaking a skills audit to deal with issues raised by the AG report. Every employee now has a contract and we have introduced standard operating procedures for petty cash,” Manyaya said.