News Detail

Government empowers oversight institutions

In a bid to capacitate oversight institutions in the country, the Government increased funding to the Financial Intelligence Authority (FIA) and other agencies for their operations in the 2020/2021 financial year. The budget for other recurrent transactions (ORT) for the FIA was revised from a ceiling of K572.7 million to K722.7million representing an increase of K150million.

This followed the commitment by the State President, Dr. Lazarus McCarthy Chakwera, in his speeches delivered on 6th July 2020 and 4th September 2020 on the need to empower oversight institutions for the country to effectively stamp out corruption.

"Before we can begin to rebuild, we must clear the rubble of corruption", the President said on 6th July 2020 during the country's national Independence Day celebrations.

Later in September 2020, Dr. Chakwera said: "as a demonstration of my commitment to ending corruption, we are making the Anti-Corruption Bureau fully independent and resourced to investigate and prosecute financial crimes. Consultations are underway to soon establish the Financial Crimes Division (of the High Court) to fast-track the disposal of corruption cases. We will not tolerate corruption nor will we interfere in the affairs of institutions fighting corruption."

In the 2020-2021 national budget, allocations to the Anti-Corruption Bureau, Director of Public Prosecutions, Fiscal Police and the Financial Intelligence Authority were substantially increased to take care of their financial requirements, according to the Minister of Finance, Honourable Felix Mlusu.

Since July 2020, ORT funding to the FIA has been steady thereby enabling the institution to carry out its investigative, analysis and other operations effectively.