Corruption conference set for Vic Falls

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THE third annual anti-graft summit for Africa is set for the resort town of Victoria Falls next week as part of efforts to fight the spread of corruption in public and private enterprises.

OWN CORRESPONDENT

The white collar crime summit which is organised by a local company Proctor&Associates (Pvt) Ltd is expected to attract over 100 delegates including government officials and company executives in Zimbabwe and other countries like South Africa, Botswana and Zambia.

The summit to be held under the theme: “How to prevent, detect and report fraud in your organisation, the scary truth about white collar crime” is expected to draw initiatives to tackle growing fraud cases in the private and public companies.

“Fraud affects all organisations and given the current economic climate, poor controls and inadequate separation of duties, fraud is on the rise throughout Zimbabwe and Africa,” one of the organisers of the summit Proctor Kanyemba, said.

He said the summit will focus on the latest trends in fraud against corporations, non-governmental organisations and government agencies, the main types of fraud, assessing its risk in the banking, insurance and mining sector of the economy.

The anti-graft summit would follows an ethics symposium held by the Confederation of Zimbabwe Industries last week where the business community bemoaned corruption as negatively affecting the inflow of foreign direct investment leading to the country’s poor economic performance.