PRAZ, NCC to ensure public entities achieve value for money

Mutsawashe Mashandure and Joshua Muswere

THE Procurement Regulatory Authority of Zimbabwe (PRAZ) has signed a Memorandum of Understanding with the National Competitiveness Commission (NCC) aimed at developing a national market price list with a mandate to ensure that public entities achieve value for their money.

The signing of the MoU was held in Harare on Thursday, with key personnel from both public entities, and government officials attending.

The collaboration is premised on the development of a national market price list for commonly procured goods and services in order to assist public entities to make procurement decisions which achieve value for money.

Addressing delegates before the signing ceremony, Industry and Commerce permanent secretary Dr Thomas Wushe said the collaboration is meant to bolster local businesses and drive economic growth.

“By prioritising Zimbabwean businesses in government procurement processes, we are encouraging the growth and development of local enterprises, creating jobs, and stimulating economic activity,” he said.

“This approach empowers local enterprises, enabling them to compete. By supporting local businesses, more jobs are created, which is crucial for reducing unemployment and improving livelihoods.” Prioritising local business in government procurement not only supports economic development, but also fosters a more resilient and self-sustaining economy in Zimbabwe.

“This MOU will achieve the country’s development, and businesses should adhere to ethical practices. Transparent processes will establish clear regulations and standards for industries, ensuring that businesses operate with integrity. We are doing this to build a future for the next generation so that they will not have to struggle. Therefore, you should work hard to enhance the industrial development of the country. By being transparent, there is less corruption and more opportunities,” Dr Wushe said.

PRAZ chief executive officer, Mr Clever Ruswa, said the collaboration seeks to establish a National Market Price List for frequently procured goods and services.