The cancer of corruption continues to threaten socio-economic development despite several efforts that have been implemented to reign in the scourge.
Corruption has emerged as the single largest threat to the sustainable recovery of the country’s economic and social growth amid revelations that the country is losing billions of dollars annually due to this vice.
Forms of corruption that are affecting the country range from under-invoicing by private institutions, bribery, fraud, embezzlement of public funds, smuggling, externalisation of funds, and tax evasion among others.
While officially opening a collaborative workshop on fighting corruption in the capital, speaker of the house of assembly Advocate Jacob Mudenda noted that adequate funds should be allocated to the Zimbabwe Anti-Corruption Commission (ACC) to ensure that it effectively discharges its mandate to eradicate this cancer.
ZACC is casting its net wider to include the effective participation of the public in dealing with this vice.
Weak corporate governance structures in both public and private institutions coupled with other factors are some of the gaps that require immediate attention.
Experts also recommend that stringent control measures to counter mismanagement of funds should be implemented, while those found guilty of corruption must be adequately prosecuted.