The Zimbabwe Revenue Authority (ZIMRA) has commissioned the cargo tracking system under the US$24 million capacity building for public and economic management project being financed by the African Development Bank (ADB) group.
The launch of the cargo tracking system by the government of Zimbabwe is expected to go a long way in reducing the cases of transit fraud and the dumping of illegal imports on the domestic market.
The electronic cargo tracking system involves the use of electronic seals device which are attached to the transit cargo and uses geo-fencing technology.
Officiating at the launch of the cargo tracking system, Finance and Economic Development Minister Cde Patrick Chinamasa who highlighted the need for concerted efforts in tacking corruption, expressed confidence the introduction of the system will result in an increase in contributions to treasury.
ZIMRA board chairperson Mrs Willia Bonyongwe said automation, broadening of the tax base and the fight against corruption remains the focus areas for the tax collector in line with the government’s expectations.
ADB principal country manager programme officer Ms Eyerusalem Fasika is confident the cargo tracking system will go a long way in reducing the cost of doing business and promoting trade.
ADB allocated US$5.6 million to ZIMRA under the capacity building for public and economic management project and to date US$2.4 million has been utilised for equipment while US$1 million has supported the training of ZIMRA staff.
On its part, treasury availed US$1 million which went towards the procurement of additional cargo tracking seals.