Why Zimbabwe President offers amnesty for funds stashed abroad?

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29 November 2017: Zimbabwe’s new President Emmerson Mnangagwa has offered a 3-month amnesty for individuals and companies to surrender public funds illegally stashed abroad.

In a statement, he said the government will prosecute those who fail to comply when the amnesty ends in February, 2017.

“Such malpractices constitute a very serious economic crime against the people of Zimbabwe,” Mr Mnangagwa said.

Since taking office last week, he has pledged to crack down on corruption.

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“Huge sums of money and other assets” have been “illegally externalised by certain individuals and corporates,” the president said in a statement.