Categories: Stories

Corruption worsens

Zimbabwe’s image has plummeted as it economies woes worsened. The country is increasingly being viewed as corrupt as its economy deteriorates and nationals flee the country to look for greener pastures.

Sitting at a comfortable 43 out of 85 when it was first included in Transparency International’s Corruption Perception Index in 1998, the country now sits at 106 out of 133 countries surveyed.

Last year it was at number 71 out of 102 countries having been stagnant at 65 for two years.

Initially one of the most promising countries, despite the corruption of the 1980 which saw Sampson Paweni siphon a staggering $5 million from the government when the Zimbabwe dollar was still stronger than the greenback, and the exposure of the Willowgate scandal which saw five government ministers lose their jobs, Zimbabwe’s fortunes have tumbled since it embarked on the fast track resettlement programme which business does not appreciate.

The government’s “grabbing” of white owned farms to resettle landless blacks is viewed more as a breakdown of the rule of law and lack of respect for property rights, something business values a lot.

The negative perception has cost the country tourists who used to flock to the country earning the country valuable foreign currency to enable it to import fuel and power, both of which are currently in short supply.

The economy has also been in decline over the past three years. Inflation has rocketed from 18 percent in 1997 to the present 456 percent.

Corruption seems to have become a way of life as those who have been arrested have either had the charges withdrawn or were acquitted over technicalities.

It has become so embedded in Zimbabwean societies that some people think it promotes development because those accused of being corrupt end up opening businesses and employing people.

Jobs, any jobs, are most welcome as unemployment is reported to be around 80 percent.

 

Year points position countries
2003 2.3 106 133
2002 2.7 71 102
2001 2.9 65 91
2000 3.0 65 90
1999 4.1 45 99
1998 4.2 43 85

(33 VIEWS)

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Reserve Bank of Zimbabwe expects more foreign currency sellers to join the interbank market

The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…

December 4, 2024

Zimbabwe 2025 citizens’ budget

Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…

November 28, 2024

To go or not to go- Mnangagwa in a quandary

Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…

November 25, 2024

ZiG loses steam, falls against US dollar for five consecutive days

The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…

November 22, 2024

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024