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Home » Financial crime costs Zimbabwe US$6 billion
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Financial crime costs Zimbabwe US$6 billion

written by Adelaide Moyo, Group Managing Editor 0 comments
“Estimates suggest the total proceeds could be as high as US$6,15 billion over the same period, equating to approximately US$1,23 billion annually. This figure represents 3,4 percent of Zimbabwe’s 2023 GDP of US$35,2 billion, underscoring the substantial impact of financial crime on the national economy,
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ZIMBABWE’s economy lost an estimated US$6,15 billion in illicit proceeds from financial crimes between 2019 and 2024, translating to US$1,23 billion annually, latest figures show.According to the Financial Intelligence Unit (FIU) 2024 report, the figures underscore the impact of financial crime on the national economy.The FIU’s analysis of 16 predicate crimes identified six as the…

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Adelaide Moyo is a business and financial journalist based in Zimbabwe. With a keen eye for detail and a deep understanding of market complexities, Adelaide consistently breaks down complex financial concepts and business trends into accessible, compelling narratives for a diverse readership. She specialises in areas such as macroeconomics, corporate finance, investment, and the critical issues impacting Zimbabwe's economy, including currency volatility, the informal sector, climate change, and illicit trade. Adelaide is a recipient of national awards for her reporting in different sectors of the economy. She is also a member of the Oxford Climate Journalism Network.

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