Mining sector, ZIMRA collections major revenue streams for Aids Fund

03 Aug, 2018 - 12:08 0 Views
Mining sector, ZIMRA collections major revenue streams for Aids Fund The National Aids Council (NAC)

eBusiness Weekly

KADOMA – The National Aids Council (NAC) has  surpassed by $5 million the target it had set to collect during the  first six months of this year with the mining sector being the largest  contributor, an official has said.

NAC had targeted to collect $18 million for the period, and by the end  of June it had $23 million in its coffers.

Finance director Albert Manenji said levies that the Zimbabwe Revue  Authority collected were the second major revenue stream for the Aids  Fund.

“Since 2016, the mining sector has been contributing to the Aids Fund  as part of its corporate social responsibility program,” he said..

“ZIMRA stepped up its game in terms of tax collection. There was an  improvement in its collections,” he added.

Last year, NAC collected $36.4 million from a target of $32.3 million.

Manenji said Zimbabwe had made great strides in treatment and  prevention as it reduced new HIV infections by 50 percent.

He said NAC spent $28.4 million towards treatment and $9.4 million on  prevention.

The country, Manenji said, needed to improve on domestic funding as  foreign donors were financing most of its programs.

“We want a situation whereby Zimbabwe spends about 75 percent towards  treatment while 25 percent comes from donors,” he said.

Manenji said the government was spending about US$7 million every month  to treat more than 1.1 million people out of the 1.3 million people  living with HIV and Aids in the country. – New Ziana

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