Title: Risk Management in Public Sector Procurement: Mitigating Fraud and Corruption - A Case of Zimbabwe.
Authors: Takudzwa W Mhaka.
Volume: 8
Issue: 7
Pages: 343-347
Publication Date: 2024/07/28
Abstract:
Zimbabwe's public sector procurement is governed by the Public Procurement and Disposal of Public Assets Act (PPDPA) of 2017, which established the Procurement Regulatory Authority of Zimbabwe (PRAZ) as the regulatory body responsible for overseeing public procurement. Despite the existence of this legal framework, fraud and corruption remain significant challenges in public sector procurement in Zimbabwe. This study conducted a literature review using secondary data sources, including academic journals, reports, and documents from reputable organizations. Data analysis was done using qualitative content analysis, and data interpretation was done using thematic analysis. The study identified key risk management strategies for public sector procurement in Zimbabwe, including supplier pre-qualification, tender evaluation committee, due diligence, and contract management. The study also identified challenges facing public sector procurement in Zimbabwe, including lack of transparency, corruption, inefficient processes, lack of capacity, and political interference. Furthermore, the study identified strategies for improving public sector procurement in Zimbabwe, including establishing a centralized procurement agency, implementing e-procurement systems, strengthening procurement legislation, building capacity, and promoting transparency. The study recommends the implementation of strategies to improve public sector procurement, including establishing a centralized procurement agency, implementing e-procurement systems, strengthening procurement legislation, building capacity, and promoting transparency.