Coun­try­wide hear­ings on ten­der awards Bill com­mence

Chronicle (Zimbabwe) - - Business - Busi­ness Re­porter

THE Port­fo­lio Com­mit­tee on Bud­get, Fi­nance and Eco­nomic De­vel­op­ment will from to­day un­til Satur­day con­duct coun­try­wide public hear­ings on Public Pro­cure­ment and Dis­posal of Public As­sets and the Re­serve Bank of Zim­babwe Amend­ment Bills.

Speaker of Par­lia­ment Ad­vo­cate Ja­cob Mu­denda made the an­nounce­ment dur­ing a Par­lia­men­tary ses­sion last week.

“I wish to in­form the House that the Port­fo­lio Com­mit­tee on Fi­nance and Eco­nomic De­vel­op­ment will con­duct Public Hear­ings on the Public Pro­cure­ment and Dis­posal of As­sets Bill and the Re­serve Bank of Zim­babwe Amend­ment Bill from Mon­day, 28th Novem­ber, 2016 to Satur­day, 3rd De­cem­ber, 2016 in all the coun­try’s prov­inces.

“The com­mit­tee will be di­vided into Team One, cov­er­ing the north­ern parts of the coun­try and Team Two, cov­er­ing the south­ern parts of the coun­try,” he said.

The Public Pro­cure­ment and Dis­posal of Public As­sets Bill seeks to strip the State Pro­cure­ment Board (SPB) of pow­ers to award ten­ders and was gazetted in Au­gust this year.

Ac­cord­ing to the pro­posed law, the award­ing of ten­ders would now be done by ac­count­ing of­fi­cers in var­i­ous State de­part­ments and com­pa­nies, with the SPB play­ing a su­per­vi­sory and mon­i­tor­ing role to en­sure Govern­ment en­ti­ties com­ply with the law and other set stan­dards.

This is also in tan­dem with the Govern­ment’s in­ten­tion to im­prove the ease of do­ing busi­ness in the coun­try.

Of late, there have been al­le­ga­tions of cor­rup­tion in the award­ing of ten­ders at SPB, while some stake­hold­ers have com­plained of de­lays in ad­ju­di­cat­ing ten­ders, thereby af­fect­ing ef­fi­ciency in Govern­ment.

The RBZ Amend­ment Bill, which en­ables the cen­tral bank and Fi­nance and Eco­nomic De­vel­op­ment Min­is­ter Pa­trick Chi­na­masa to is­sue bond notes ex­change­able at par with the United States dol­lar, was gazetted this month.

This means that the RBZ will now de­ter­mine the de­sign, form and ma­te­rial of the notes and no­tify the public.

Zim­babwe is in­tro­duc­ing bond notes to pro­mote the ex­port sec­tor, which at the mo­ment is de­pressed re­sult­ing in a con­tin­ued neg­a­tive trade deficit the coun­try has ex­pe­ri­enced since the adop­tion of a mul t i c u r r e n c y sys­tem in Fe­bru­ary 2009.

Ja­cob Mu­denda

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