Categories: News

Mnangagwa must declare his wealth first

Zimbabwe President Emmerson Mnangagwa’s promise to deal with corruption and its effects on the economy is said to be on track‚ but opposition parties say he should be the first to declare his interests.

 Zimbabwe is ranked 154th out of 176 countries on Amnesty International’s corruption index.

Mnangagwa last month announced a three-month amnesty period for people and companies, to “return money and assets siphoned out of the country‚ no questions asked”.

Zimbabwe’s Reserve Bank governor, John Mangudya, said: “The response is quite positive.”

Mnangagwa claims to know who the “looters” are and they are likely to face prosecution once the moratorium ends if they do not reveal all.

This week, as Mnangagwa left for Davos to rub shoulders with the business and political aristocracy‚ he left an instruction with his chief secretary, Misheck Sibanda, to zero in on senior civil servants and members of his cabinet.

The brief was simple – they should declare all their asserts worth more than $100 000 and comply within the next five weeks.

“Any item or movable property exceeding $100 000 in value owned or leased by the individual concerned in which he or she has any other interest and in any business the individual has interest in and in which he or she plays a part in running and the nature of interest in the property or business should be clearly stated‚” the statement read.

There were failed attempts under former president Robert Mugabe to have lifestyle audits.

The Tendai Biti-led People’s Democratic Party (PDP) said the “proof of the pudding is in the eating”‚ daring Mnangagwa to push ahead with his promise‚ which might not sit well with many senior politicians in ZANU-PF who have been implicated in corruption in the past.

But the President himself has faced corruption claims and another political party‚ Transform Zimbabwe‚ suggested that he should be the first to declare his interests.

“He must declare all the mines he owns in Kwekwe then we can take him seriously‚” party leader Jacob Ngaruvhume said.

Continued next page

(275 VIEWS)

This post was last modified on January 26, 2018 12:42 pm

Page: 1 2

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