AfDB supports Zimbabwe’s efforts to reform SoEs
African Development Bank (AfDB) Southern Africa regional development and business delivery office director-general Tonia Kandiero and Zimbabwe Finance and Economic Development Minister Patrick Chinamasa have signed a $4-million grant agreement to support a State-owned enterprise (SoE) reform and delivery project, in Zimbabwe.
The project aims to build capacity with a view to strengthening the result-based management system within government and improve efficiency of SoEs and parastatals.
“Zimbabwe is committed to sound corporate governance and efforts to revive the country’s economy through improved service delivery, with special focus on integrated results management,” Kandiero said.
She noted that, historically, SoEs were a significant source of employment, as well as productive investment with up to 40% contribution to the gross domestic product (GDP) of the country.
However, in recent years, their performance has dwindled, putting significant strain on the national budget.
“No profound change can take place in our member countries, including Zimbabwe, in the absence of effective institutions with good corporate structure, accountability, culture and mechanisms to track performance,” she noted.
Chinamasa, meanwhile, indicated that the project is in sync with the national economic blueprint, Zim-Asset, which falls under the public administration, governance and performance management subcluster.
“It also dovetails with the objective of the country’s Interim Poverty Reduction Strategy aimed at strengthening governance and institutional capacity for effective service delivery and combatting corruption,” he said.
The project will assist government in implementing reforms in public sector financial management and SoE governance.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Established on 1 March, 2000, by Barries Barnard, Advanced Fire Suppression Technologies (AFST) and the Advanced Group stands as Sub-Saharan...
VISIT SHOWROOM
Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
