Monday, November 11, 2024

Zimbabwe recovers ‘$850m stolen funds’

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Isaac Kaledzihttps://en.wikipedia.org/wiki/Isaac_Kaledzi
Isaac Kaledzi is an experienced and award winning journalist from Ghana. He has worked for several media brands both in Ghana and on the International scene. Isaac Kaledzi is currently serving as an African Correspondent for DW.

Zimbabwe’s President Emmerson Mnangagwa says his government has so far recovered $850m in stolen funds.

Mnangagwa during his swearing in as President last year issued an amnesty for state stolen funds to be returned.

Although the deadline expired in February this year, he extended the deadline to enable the state to recover more funds.

State-owned Herald newspaper reports that Mnangagwa revealed the latest recovery during discussions about fighting corruption at an African Union summit in Mauritania.

Fighting corruption

“Corruption networks are becoming more sophisticated, hence the need to enhance information sharing amongst member-states’ law enforcement agencies and related institutions on the continent and beyond,” Mr Mnagangwa is quoted as saying.

The 75-year-old leader says his government had set up an anti-corruption court and passed an ethics law to help fight corruption.

Zimbabwe which is still largely under foreign sanctions and is struggling to mobilize funds to fix its ailing economy.

Elections to go ahead

Zimbabwe is expected to hold presidential election on July 30. The main contenders are Mnangagwa, 75 and 40-year-old Nelson Chamisa who leads the opposition Movement for Democratic Change.

This month’s elections will be the first without Robert Mugabe’s involvement since 1980 when he led them to gain independence.

Ghana’s ministers banned from traveling abroad

 

Source: Africafeeds.com

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