The Minister of Finance, Economic Development and Investment Promotion Professor Mthuli Ncube has announced the introduction of a National Standard Price List (NSPL) to guide the procurement of goods and services.
In a press statement yesterday, Prof Ncube said the new framework has been developed by the Ministry of Finance in conjunction with the Procurement Regulatory Authority of Zimbabwe (PRAZ) to address price inconsistencies and improve transparency in the use of public resources.
“The Ministry wishes to inform current and potential suppliers that Government has introduced a National Standard Price List to guide the procurement of commonly used goods and services across Ministries, Departments and Agencies.
This measure has been introduced to guarantee value for money in public spending by addressing price inconsistencies across MDAs and enhancing control over public expenditures,” he said.
Prof Ncube said the Standard Price List is expected to promote efficiency, accountability and savings in the procurement system, which is a critical component of Government’s broader economic reform agenda.
“The implementation of the Standard Price List is expected to enhance cost savings, transparency and efficiency in public procurement, thereby supporting national development priorities,” he noted.
He added that the new system forms part of wider Public Financial Management reforms being rolled out by Government to modernise the handling of public funds.
“The NSPL also forms part of Government’s broader Public Financial Management reforms, which include the rollout of the electronic Government Procurement system, strengthened financial oversight, and improved budget management systems,” said Prof Ncube.
The Minister said the procurement reforms are aligned with the 2026 National Budget policy thrust, which prioritises the use of locally produced goods and services and promotes the use of the local currency in Government transactions.
“In accordance with the 2026 National Budget Statement, priority will be given to domestically produced goods and services. Government will also lead in the use of the local currency and, as a result, payments to local suppliers will be made solely in the local currency,” he said.
Prof Ncube said detailed guidance on the implementation of the new procurement framework has already been issued to all Ministries, Departments and Agencies through Treasury Circular No. 4 of 2026 and PRAZ Circular No. OPS/2 of 2026, adding that the Standard Price List is now effective following its issuance by PRAZ.
