hindering the growth of public-private partnerships in Zimbabwe
FEATURED PAPER
By Dauglas Halimani, Tariro Mavaza, Farai Don Dzapasi
Department of Banking and Finance
Great Zimbabwe University
Masvingo, Zimbabwe
INTRODUCTION AND BACKGROUND
Zimbabwe has faced serious social, economic and political challenges since the late 1990s. The crisis reached its peak in 2008 when the national currency collapsed under a hyperinflationary environment which government failed to contain. As the economic crisis escalated the ability of the government to infrastructure development in water, transport, energy, health, telecoms and other sectors was seriously compromised. With the formation of the unity government in 2009 an aura of stability was ushered in and there was hope the country can finally embark on the road to economic recovery. The government faced massive funding challenges given its strained relationships with international creditors and the massive recurrent expenditure estimated to be consuming between 75 to 90% of government revenue. Given these funding constraints the government has looked to public-private partnerships as a way to fund infrastructure development and rehabilitation. The government still has a number of key state enterprises which could be key to the pursuit of public-private partnerships. At the inception of the unity government workshops were held to build awareness of public-private partnerships among both the public and private sectors. However, despite the zeal for public-private partnerships not much has been achieved to date in that area. This raises an important question as to why the hesitance by both the public and private sector and also what are the critical challenges in general that have to be addressed to satisfy the concerns of the parties.
PROBLEM STATEMENT
The general state of infrastructure in Zimbabwe is in decay. The road network is one clear evidence of this decay. Zimbabwe also face acute shortages of power characterized by long hours of load shedding and the water and sewage infrastructure in towns is in dire need of renewal. However, the capacity of the central government and the local governments to undertake these projects is severely constrained. With limited access to international finance government need innovative ways to fund the infrastructure growth and renewal. Public-Private Partnerships are one of the innovative ways to fund infrastructure. However, there remains little appetite for such a method despite its success in other countries. Therefore there is need to investigate the likely factors contributing to inertia in public-private partnerships in Zimbabwe.
RESEARCH OBJECTIVES
The thrust of this research paper is to identify and discuss the factors hindering the growth of public-private partnerships in Zimbabwe.
More…
To read entire paper, click here
How to cite this paper: Halimani, D.; Dzapasi, F.D.; Mavaza, T. (2020). An investigation into the factors hindering the growth of public-private partnerships in Zimbabwe; PM World Journal, Vol. IX, Issue VII, July. Available online at https://pmworldlibrary.net/wp-content/uploads/2020/06/pmwj95-Jul2020-Halimani-Dzapasi-Mavaza-factors-hindering-public-private-partnerships-in-zimbabwe.pdf
About the Authors
Dauglas Halimani
Great Zimbabwe University
Masvingo, Zimbabwe
Dauglas Halimani is 36 years old and a lecturer at Great Zimbabwe University since 2014. He holds a master’s degree in Banking and Financial Services from National University of Science and Technology as well as Bachelor of Commerce Honours in Finance from Great Zimbabwe University. He is a final year Bachelor of Laws student with the University of South Africa. His interests span the areas of commerce and law. He can be contacted dhalimani@gzu.ac.zw
Tariro Mavaza
Great Zimbabwe University
Masvingo, Zimbabwe
Tariro Mavaza is a Lecturer in the Munhumutapa School of Commerce, Department of Banking and Finance, the Great Zimbabwe University. He previously worked for Zimbabwe Revenue Authority as a Revenue Official. His areas of research are: Financial markets, Revenue Collection Systems I, Corporate Governance, Quality Management Systems and Project Management. He has published three research papers in International and Regional Journals on Total Quality Management and Corporate governance. Email address: tmavaza@gzu.ac.zw
Farai Dzapasi
Great Zimbabwe University
Masvingo, Zimbabwe
Farai Dzapasi is a lecturer in the Department of Banking and Finance at the Great Zimbabwe University. He holds a Bachelor of Commerce Honours in Finance and Master of Commerce in Finance from Great Zimbabwe University.
