VP Mnangagwa to address ICIZ conference

VICE President Emmerson Mnangagwa is expected to deliver a keynote address at the Zimbabwe anti-bribery and anti-corruption conference to be held tomorrow and Friday. The workshop will be hosted by the Internal Control Institute of Zimbabwe.

The ICIZ said corruption now posed the biggest threat to the country’s ability to implement the economic blueprint, the Zimbabwe Agenda for Socio-Economic Transformation.

“Corruption and bribery directly affect ZimAsset as the cost of business is inflated, hence the need to clean the rot in all sectors of the economy,” said the ICIZ.

Finance and Economic Development Minister Patrick Chinamasa, Home Affairs Minister Dr Ignatius Chombo and Reserve Bank governor Dr John Mangudya are expected to attend.

Speakers from the private sector will include Institute of Chartered Accountants of Zimbabwe Mr Matts Kunaka, executive director at Transparency International Ms Mary-Jane Ncube and Zimbabwe National Chamber of Commerce Mr Chris Mugaga.

The conference come against the backdrop of the formation of a unit by the Government through the National Prosecuting Authority to prosecute money laundering offences.

This also follows the recent statement by Minister Chinamasa that corruption in both public and private sectors had reached alarming proportions and was stifling growth, revenue mobilisation efforts as well as scaring away potential foreign investors.

Minister Chinamasa said given the resource constraints in the economy and losses through corruption and mismanagement, it was necessary that more effort be applied to establish robust systems and enforcing rules, regulations and procedures.

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