Zimbabwe could have lost up to US$7 billion to corruption and other illicit activities between 2009 and 2017, Speaker of the National Assembly Advocate Jacob Mudenda said yesterday.<\/p>\n
Speaking at the signing ceremony of a memorandum of understanding between the African Parliamentary Network Against Corruption (Zimbabwe Chapter), the Zimbabwe Anti-Corruption Commission (Zacc) and Transparency International Zimbabwe, Adv Mudenda said Parliament had a constitutional mandate to ensure there was accountability and transparency in the management of public resources.<\/p>\n
\u201cThe RBZ estimated a loss of US$3 billion between 2015 and 2017, while research by Afrodad (African Forum and Network on Debt and Development) estimates that US$2,7 billion was lost from the mining sector between 2009 and 2013,\u201d he said. \u201cThe RBZ further posited that an estimated US$684 million was remitted outside or externalised under dubious and unwarranted circumstances in 2015. Financial Integrity Data shows that Zimbabwe lost an estimated US$670 million through trade mis-invoicing in 2015.\u201d<\/p>\n
Adv Mudenda said transparency and accountability were the building blocks of the country\u2019s development and urged the three parties to the agreement to explore new ways of fighting corruption.<\/p>\n
Zacc chairperson Justice Loice Matanda-Moyo said corruption was a major challenge to the achievement of the Government\u2019s vision of achieving an upper middle income economy by 2030. \u201cAccordingly, preventing and combating corruption in all its forms should be a priority,\u201d she said.<\/p>\n
TIZ director Ms Muchaneta Mundopa said there was need to coordinate all stakeholders in fighting corruption.<\/p>\n
APNAC chairperson Mrs Priscilla Misihairabwi-Mushonga said as parliamentarians, they were open to suggestions on enacting legislation that combat corruption.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Zimbabwe could have lost up to US$7 billion to corruption and other illicit activities between 2009 and 2017, Speaker of the National Assembly Advocate Jacob Mudenda said yesterday. Speaking at the signing ceremony of a memorandum of understanding between the African Parliamentary Network Against Corruption (Zimbabwe Chapter), the Zimbabwe Anti-Corruption Commission (Zacc) and Transparency International […]<\/p>\n","protected":false},"author":84,"featured_media":28085,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[726,386],"class_list":{"0":"post-28084","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-anti-corruption-commission","10":"tag-zacc"},"yoast_head":"\n