Countries’ resources should uplift lives: Mnangagwa

FINANCE, Economic Development and Investment Promotion deputy minister Kudakwashe Mnangagwa has challenged tax authorities to ensure developing countries’ resources are used to uplift lives, build communities and drive sustainable growth.

Speaking during the 12th Competent Authorities Conference of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Victoria Falls, Mnangagwa said Africa lost an estimated US$88 billion annually through illicit financial flows.

Zimbabwe is hosting the conference after making significant strides in aligning with international best practices, including signing and domesticating the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.

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