Top Verified Government Support Institutions in Zimbabwe – Leading Directory-Listing

The Procurement Regulatory Authority of Zimbabwe (PRAZ) was established after the State Procurement Board (SPB) was disbanded, through the Public Procurement and Disposal of Public Assets Act [Chapter 22:23] which repealed the Act, No. 2/99 [Chapter 22:14]. The new mandate of the Authority is to set standards, supervise public procurement proceedings to ensure transparency, fairness, honesty, cost-effectiveness and competition. The reforms separate regulatory and operational functions. The Act became operational starting January 2018 through S.I 152 of December 2017.

The NVCCZ (National Venture Capital Company of Zimbabwe) is a company that has been set up by the Ministry of Finance whose objective is to encourage good entrepreneurship and innovation by SMEs and to help start-ups grow, and generate new employment opportunities to stimulate economic growth. The initiative envisages to support commercially viable projects, especially from the youth.