The Ministry of Transport and Infrastructure Development says it is geared at ensuring that the Zimbabwe National Road Administration (ZINARA) is transformed into an efficient institution with sound corporate governance structures.
The process of identifying the new board of directors for ZINARA has started with expectations that those who will be appointed will lead the transformation process of the road fund so that it can play a meaningful role in the creation of a competitive infrastructure network.
Deputy Minister of Transport and Infrastructure Development Advocate Fortune Chasi who was tasked to clean up the mess at ZINARA highlighted that the shareholder is serious about restoring sound corporate governance and transformation of the strategic institution.
“We are serious about corporate governance in all the parastatals and we want people with relevant skills to be at the helm of these institutions. We were completely unhappy with the way the entity was being run,” he said.
The Wilfred Ramwi led board was recently dissolved on charges of failure to implement recommendations of an audit report carried out by Grant Thornton.
The board is also accused of failing to deal with deep-seated corruption relating to the multi-million dollar Infralink project.
Economic analysts said apart from addressing budget and trade deficits the country should urgently implement parastatal reforms in order to realise the broader macro-economic aspirations.