HARARE, October 28 (The Source) – Government on Friday gazetted the Public Procurement and Disposal of Public Assets bill which will pave way for the establishment of a regulatory body to oversee state procurement.
Public procurement had been under the purview of the State Procurement Board (SPB) until last November, when government stripped the board of its powers following abuse of the system.
“This Bill will repeal the Procurement Act and abolish the State Procurement Board. In place of the Board it will set up a new body to be called the Procurement Regulatory Authority of Zimbabwe,” reads the gazette published on Friday.
The new body will not conduct procurement proceedings itself but it will instead oversee procurement activities of government, statutory bodies and local authorities.
“The bill will set out procedures to be followed and steps to be taken in procurement proceedings to ensure fairness, transparency and honesty.”
The bill also empowers the Procurement Regulatory Authority of Zimbabwe to direct how state assets should be disposed of.