The Zimbabwe Anti-Corruption Commission (ZACC) has said that the country is losing millions of dollars due to corrupt activities in the mining sector amid revelations of double allocation and under declaring of resources.
A research conducted by the Zimbabwe Anti-Corruption Commission (ZACC) has unearthed shocking revelations with the mining industry reeling from bureaucratic lethargy, transfer pricing and bribery.
The findings presented at a workshop held in Harare this Monday provide insight into some deep seating graft trends, stifling the sustainable growth of one of the key anchors of the country’s economic resurgence programmes.
“There are a number of issues happening within the mining industry. Seventeen of them according to this research finding. Among these we have secret contracting, mining claim ownership disputes, inflating figures and under-declaring of resources,” said Professor Albert Makochekanwa
Equally affected is the small scale and artisanal mining sector where cases of smuggling and double allocation are reported to be rife.
The research conducted under the ambit of ZACC is targeted at enhancing transparency in both private and public institutions while also coming up with recommendations to curb the scourge of corruption.
The anti-graft body notes the research provides a firm ground to tighten the noose on perpetrators of corruption.
“Indeed what we have done is to come up with these researches to assist the government to identify problematic areas. But we are also saying while there can be arrests we are also working on long term recommendations that will help to fight corruption,” said ZACC Spokesperon John Makamure.
The anti- corruption crusade has gathered momentum, amid calls by President Emmerson Mnangagwa for collective efforts to fight a vice which threatens national goals for economic stability.