Daily Newsletter

Praz calls for supplier registration

Judith Phiri, Business Reporter

THE Procurement Regulatory Authority of Zimbabwe (Praz) has called on suppliers, contractors and service providers to register on the electronic Government Procurement (eGP) system for 2025, with registration set to open on January 1.

In Zimbabwe, supplier registration is mandatory and plays a crucial role in addressing misconduct among participants in procurement activities.

Procurement Regulatory Authority of Zimbabwe (PRAZ)

In a statement, Praz said: “Registration fees for local/domestic suppliers is US$120 annually (or US$30 quarterly) payable in Zimbabwe Gold (ZWG) and international suppliers US$850 annually.”

The authority advised against using third-party agencies for registration, as this can lead to scams, overcharging and loss of credentials.

Praz said instead, suppliers should register directly on their official website <https://egp.praz.org.zw>, while renewal and sign-up options are available for existing and new suppliers.

The eGP system was launched in October 2023 and over 21 000 suppliers registered on the system by October this year.

The online platform minimises human involvement in awarding tenders, thereby reducing opportunities for corruption.

Experts say by using a system that prioritises transparency and accountability, the Government can save up to 30 percent on procurement costs.

As an electronic Government procurement system, eGP was designed to enhance and streamline processes of public tendering and procurement through the use of information and communication technology.

Information about tenders, bidding criteria and awarded contracts are all accessible online, allowing more businesses to compete for Government projects.

The system automates many processes, reducing the risk of bias or favouritism in awarding contracts.

Praz was created through an Act of Parliament with a mandate of supervising public procurement proceedings to ensure transparency, fairness, honesty, cost-effectiveness and fair competition as required by Section 315 of the Zimbabwean Constitution.

  • Related Posts

    Rains restore good harvest hopes

    Harare Bureau THE recent widespread rainfall activity across the country has significantly improved crop conditions, particularly maize, raising hopes of a successful 2024/2025 summer cropping season. In line with weather…

    Monetary authorities guarantee economic stability in 2025

    Rutendo Nyeve, Sunday News Reporter MONETARY authorities have expressed confidence that a tight monetary policy stance, an increase in the policy rate and a growth in foreign exchange reserves will…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Govt rolls out 250k housing stands

    Govt rolls out 250k housing stands

    ‘Expect new ways of doing business’

    ‘Expect new ways of doing business’

    2025 Legal Year opening ceremony slated for Byo

    2025 Legal Year opening ceremony slated for Byo

    Zim, Ghana plan to hold Joint Permanent Commission

    Zim, Ghana plan to hold Joint Permanent Commission

    Zimsec A-Level results out

    Zimsec A-Level results out

    Patel appointed Special Presidential Investment Adviser

    Patel appointed Special Presidential Investment Adviser
    Translate »