Capacity Building for Public Finance and Economic Management Programme
Government of Zimbabwe, Ministry of Finance and Economic Development
Sponsor - AfDB
Sector - Public-Private Partnerships
Location - Harare, Zimbabwe
Year - 2017
Duration - 6 Months
Our Role - Team Lead, Legal & PPP Technical Assistance
Our Delivery Partners
The Government of Zimbabwe faced insufficient investment funds in the development of the country’s infrastructure for economic growth due to the impact of sanctions and other challenges. They were committed to attracting private sector financing and expertise for the development and delivery of critical infrastructure projects. In furtherance to this, there was the need for an efficient, transparent and credible institutional framework to be established to stimulate private sector confidence and ensure the effective development, delivery and management of joint ventures that reflect value of money and serves the public good.
The Ministry of Finance and Economic Development of Zimbabwe with the support from the African Development Bank (AfDB) implemented the Joint Venture Development Framework under the Capacity Building for Public Financial and Economic Management Project (CBFEM) to support accelerating infrastructure development through alternative financing models. As part of this exercise, African PPP Advisory Services in association with Deloitte, Manokore Attorneys/DLA Piper and ESAMI were engaged to provide technical assistance to review the implementation of PPPs, also known as Joint Ventures in Zimbabwe.
The technical assistance provided by our subject experts included Capacity assessment of key central agencies, Development of Joint Ventures Act Regulations, Joint Venture Implementation Manual, conduction of a Pre-Feasibility Study, and the development of Public sector comparator for two projects.
The assignment also involved a detailed review of the Joint Venture Act Regulations, recognising the areas of improvement, and presenting the best practice for PPP Frameworks along with the delivery of such project assignments across Zimbabwe.