We are pleased to release the 2018 PwC Global Economic Crime and Fraud Survey (“GECS”) Zambia report. Globally, the 2018 GECS Report analyses feedback from over 7,000 across 123 countries in 18 languages, making it one of the largest and most comprehensive surveys on economic crimes in the world.
The report compares the survey results in Zambia to those observed in the East African Region (consisting of Kenya, Uganda, Tanzania and Rwanda), Africa and globally putting them in the context of social, political and economic developments of the last two years.
Results of the survey reveal that 65% of participating organisations in Zambia experienced at least one form of economic crime over the last 24-months. This is a marginal increase from the 61% reported in 2016, is slightly higher than the African average of 62% and significantly higher than the global average of 49%.