Chief executive officers, directors of finance and procurement officials from the central government and parastatals today converged in the capital on a sensitisation workshop on the operationalisation of the new Public Procurement and Disposal of Public Assets Act.

In his speech at the workshop, the Deputy Secretary of Cabinet in the Office of the President Dr Ray Ndhlukula said the operationalisation of the new act will improve the socio-economic development of the country by ensuring that there is increased transparency in the awarding and management of tenders by eradicating inefficiencies in the procurement and disposal processes of public assets.

The acting chief executive officer of the Procurement Regulatory Authority of Zimbabwe (PRAZ) Mr Nyasha Chizu said government departments and state enterprises will create separate procurement management units which will handle the awarding and management of contracts while the PRAZ will retain the monitoring and supervisory role.

He added that provisions in the new act will professionalise the public procurement sector by creating a code of conduct with strict penalties for violators.

“The government has been losing millions of dollars in potential revenue from the irregular and corrupt disposal of public assets which are no longer needed or in use and the new act will ensure that government derives maximum revenue from the disposal of such public assets,” said Mr Chizu.

The awarding of tenders for mega projects in energy, roads and water infrastructure by the government, state enterprises and local authorities has been a contentious issue due to varying degrees of irregularities, hence the new act will avert such anomalies in future.