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Browsing: Corruption Tanzania
- The IMF says latest tranche is meant to finance “general national development efforts.”
- When the entire Extended Credit Facility ECF is disbursed, Tanzania will be eligible to receive in excess of $304.7 million.
- Tanzania faulted for not publishing audit report of its Covid-19 pandemic-related spending.
The International Monetary Fund (IMF) has approved $153 million in credit financing for Tanzania. The loan, however, comes with a tough call for enhanced monitoring and transparency in public spending.
This financing is only the first part of the loan that was issued following the completion of the first part of the country’s Extended Credit Facility (ECF) review. When the full ECF is completed, Tanzania will be eligible to receive in excess of 4. (https://pragermetis.com/) 7 million.
What is the loan for? According to the public statement released after the deal was signed earlier this month, the money is meant to finance “general …
- More than $33 million was poorly spent by various Tanzania government institutions including through inappropriate allowances to staff, audit shows.
- Lugalo Hospital, an institution belonging to Tanzania’s military, paid over $14,000 to a supplier for consultation and design without charging withholding tax.
- Corrupt officials in Tanzania’s Ministry of Health paid over $8 million to Toyota Tanzania and UNICEF for the purchase of motor vehicles that were never delivered.
Tanzania could be hurtling towards a fiscal risk as an increasing number of loss-making state-owned enterprises turn into avenues for plunder and embezzlement of public funds by corrupt public servants.
The latest audit report by the Controller and Auditor General (CAG) and Prevention and Combating of Corruption Bureau (PCCB) shows hundreds of state-owned enterprises in Tanzania are in the soup for sanctioning graft-ridden transactions leading to the loss of millions of public money.
The rot starts from the top. Take for instance, …
- 71 LGAs paid $4.3 million (TZS10.08 billion) to various suppliers and clients without demanding receipts.
- About $32.7 million in revenue from rental charges for shops and houses located at the council’s bus stands and markets was not collected.
- Audit has prompted President Samia Suluhu Hassan to dissolve the board of Tanzania Government Flight Agency (TGFA).
An audit in Tanzania has exposed massive corruption and misuse of public finances across Local Government Authorities (LGAs) that led to the loss of billions of shillings, yet another pointer to why the country of nearly 65 million people still ranks high globally on corruption.
Tanzania Controller and Auditor General (CAG) 2021/22 report shows a total of 71 LGAs paid $4.3 million (TZS10.08 billion) to various suppliers and clients without demanding receipts while another 40 authorities wired $725,711 or TZS1.70 billion to beneficiaries without proof of the relevant supporting documents.
A total of $4.7 million …