Lack of integrity hurting African businesses – experts | The New Times

High corruption tendencies constitute major blockades to achieving a good and enabling business environment in Africa, according to the Common Market for East and Southern Africa (COMESA) Business Council.

According to the COMESA officials, corruption has become a “daily way” of getting things done in some countries it has been adopted as part of life, denying millions of people access to basic needs.

The African Development Bank estimates that $148 billion is lost to corruption in Africa every year.

Moreover, Sandra Uwera, the Chief Executive Officer of COMESA Business Council, believes it could be “way more than that”.

“Corruption has taken a twist and is carried out through ‘gifts, favours and some people keeping a blind eye on unlawful transactions. There’s total lack of…

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