Lilongwe, September 30, Mana: The Anti-Corruption Bureau (ACB) has expressed a need to control cases of corruption in the private sector if the latter is to contribute effectively to the country’s development.
Speaking Thursday during Business Symposium on the National Anti-Corruption Strategy 11 in Lilongwe, ACB Director General, Martha Chizuma, said the private sector is crucial in the development of the country, hence the need to control corruption in the sector.
“The private sector is one of the pillars under National Ant-Corruption Strategy 11 and that the sector plays an important role in the development of the country, hence the need to control the malpractice,” Chizuma said.
Asked on how corruption affects the country’s development, Chizuma said corruption facilitates misappropriation of resources that would have been used in development activities of the country.
“Corruption takes away resources that are supposed to be used in development activities of the country.
“It also hinders opportunities that would attract more investors to help in creating jobs and free up the country’s economy,” she said.
She further explained that the corruption-fighting body is working together with individuals and other stakeholders as well as NGOs in implementing mechanisms that would deal with the malpractice in the country.
Chizuma, therefore, urged the private sector to join the fight to curb the vice.
In his remarks, Malawi Confederation of Chambers of Commerce and Industry (MCCCI) Chief Executive Officer, Chancellor Kaferapanjira commended ACB for tackling corruption head-on in the country.
“The private sector is at the centre of corruption and it is very important that ACB is showing commitment in addressing corruption in the private sector. As members of the private sector, we commend ACB’s commitment,” Kaferapanjira said.