Back to Index
Afrexim Bank USD 144m loan to City of Harare: Where is our money
Residents Association (CHRA)
February 08, 2012
Last year Councilor Friday Muleya in his budget statement for the
2012 financial year pointed out that the City of Harare had received
USD 144million from Afrexim bank in China. This money was meant
to resuscitate aging water and sewer infrastructure. A Council resolution
was passed approving access and loan conditions. However, the Association
remains stunned as to whether this money has been put to good use
at all considering that residents continue to bear the brunt of
the effects of communicable diseases
such as typhoid in which 1 300 cases have so far been recorded.
The current scenario that we find ourselves in, raises a lot of
dust as to whether funds in the local authority are being put to
good use or maybe City of Harare has now turned into a feeding trough
for corruption purposes.
the causes of communicable diseases has always bordered around issues
to do with water infrastructure, availability of resources and lack
of civic education amongst residents but CHRA maintains that we
cannot ignore the issue of bad governance at both local and national
level. Revenue which has been received at both levels of government
has not been audited which makes it very difficult for public officials
to account to the general citizenry; hence public budget tracking
becomes a very difficult phenomenon. We reiterate our call on the
need to have audits for 2009 and 2010 financial year but C.o.H has
been very reluctant. It was only during the 2012 budget presentation
that the finance committee reported that the 2008 audit was almost
about to be finished which however might not bear any significance
because the country was using the Zimbabwean dollar. Section 304
 of the Urban
Councils Act states that on or before the commencement of each
financial year, council shall appoint an auditor registered as a
public auditor to come and audit books of the previous financial
year. However there has been a major setback which can simply be
expressed as lack of compliance on the part of council. There is
no reasonable argument that can justify one's failure to account
for funds received from or on behalf of the public.
To that end,
CHRA demands the following:
- That the
Finance Committee furnish the public on the progress of expenditure
on the USD 144 million received from Afrexim bank. Council should
give quarterly feedback on the use of this fund and the extent
to which progress is being made to achieve sufficient water resources.
with Harare residents on the payment plan/ loan conditions of
this support because it is residents' money that will go
towards the servicing of that loan.
- Speedy workout
on the 2009 and 2010 audit reports before the end of 2012.
Visit the CHRA
Please credit www.kubatana.net if you make use of material from this website.
This work is licensed under a Creative Commons License unless stated otherwise.