Zhuwao LEAF project doomed to fail, NGO

via Zhuwao LEAF project doomed to fail, NGO – New Zimbabwe 10/11/2015

AN ANTI-CORRUPTION lobby group has warned government against setting up new empowerment funds before loopholes are plugged.

The Anti-Corruption Trust of Southern Africa said graft and political patronage are to blame for the “wastage of millions under the guise of empowerment” in the past.

ACT-Southern Africa said indigenisation minister Patrick Zhuwao’s Localised Empowerment Acceleration Facility (LEAF) is another disaster in the making.

“The administration of the Old Mutual Kurera/Ukondla Youth Empowerment Fund was a huge disaster for the youth and at the country at large. It is sad when a whopping $11 million is put to waste due to corruption and bad governance.

“Apart from the Old Mutual Kurera/Ukondla Youth Empowerment Funds being distributed on partisan and tribal lines, corruption and maladministration,” a statement from the organisation said.

“The launch of the Localised Empowerment Acceleration Facility (LEAF) for the youths without addressing previous challenges encountered under the Old Mutual Kurera/Ukondla Youth Empowerment Fund will surely cause a repeat of the previous failures”.

Zhuwao, President Robert Mugabe’s nephew, has threatened to impose a 10 percent levy on foreign companies which he claims will force them to comply with the country’s indigenisation laws in order to set up LEAF.

ACT-Southern Africa’s youth desk released a research report in September on the Old Mutual Fund in which “huge challenges including inadequate information on the existence of the fund” were unearthed.

The opposition MDC-T’s spokesperson Obert Gutu also warned Zhuwao’s actions could further worsen the country’s already desperate economic situation.

“His (Zhuwao) bullish and thuggish approach to issues to do with economic empowerment can only be a recipe for socio-economic doom and political mayhem,” Gutu said.

It has also been widely reported that the majority of those that accessed the fund have failed to pay back due to lack of monitoring “which motivated these youth to divert the funds towards luxuries such as buying cars, sex and paying lobola”.

ACT-Southern Africa recommended, among other things, that comprehensive audit of the Old Mutual Kurera/Ukondla Youth Empowerment Fund should be undertaken “and the names, sex and age of all beneficiaries published”.

COMMENTS

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    I respect the Chinese people,with their 6909 thousand year old culture, but zhuwao sounds like a name from china. Do not be fooled by that!