The Procurement Regulatory Authority of Zimbabwe (PRAZ) held an indaba in the capital this Monday to review the effectiveness and efficiency of the Procurement Act that came into being in January this year.

The main objective of bringing stakeholders to the indaba is to gather insights on how the new Act can be improved as several challenges have been observed over the course of the year.

The Secretary for State Enterprises Reform, Corporate Governance and Procurement Mr Willard Manungo says as government their main focus is to bring efficiency in the procurement processes.

The Chief Executive Officer of PRAZ Mr Nyasha Chizu says the level of compliance from government entities to the new procurement regulations has been lukewarm and is affecting productivity, hence awareness campaigns are required to sensitise these public entities.

One of the major drawbacks of the New Procurement Act is that the turnaround time, especially on tenders is counter-productive as it is unnecessarily long and this has impacted negatively on the well-being of the economy.

As Zimbabwe moves to realise Vision 2030, it is imperative that procurement processes are streamlined to achieve the required high levels of efficiencies and effectiveness that brings the required economic growth.