Buy Zimbabwe revealed that the government has a commanding share of expenditure of about 68 percent in public procurement, adding that they should use the public purse to deepen value chains and promote public procurement.
Addressing delegates at the Buy Zimbabwe Public Procurement Conference held in the capital recently, Buy Zimbabwe Chairman Munyaradzi Hwengwere pleaded with the Government to channel at least 20 percent of its budget towards local procurement to stimulate the growth of local industries.
“The government came up with a local content policy and said we should work together with the private sector to say how can we better our procurement, today we have a mining target of USD $12 billion, agriculture, USD$ 8.2 billion, industry USD$ 8 billion, these are the sectors critical for substituting imports and this is where public procurement must be directed.
“Presently, the government has a commanding share of expenditure of about 68 percent and the government should use the public pursue to deepen value chains and promote public procurement.
” A recognition by the government that it commands the purse nationally, allows it to say if you don’t conform to these, we will also take our money to those that are aligned to the vision and that is critical.
“To ensure that we reach vision 2030, to support local content, and it can be deepened to ensure that we are all aligned as the President rightfully say “nyika inovakwa nevene vayo” , he said.
Meanwhile, over 40 companies, among them Zimbabwe’s largest media group, Zimpapers, were
honoured for championing the local procurement agenda at the Buy Zimbabwe Public
Procurement Conference and awards.
According to the organisers, the awards sought to honour firms that are leading in the procurement of local goods and services in the country.