A critical analysis into the success of public private partnerships towards economic development of Zimbabwe from 2009 to 2013

Abstract

Public Private Partnerships are a critical aspect for economic development in Zimbabwe. The research sought to assess the success of the public private partnerships in economic development of Zimbabwe from 2009 to 2013.The research objectives were as follows; to assess the factors that contributes to a successful PPP; to assess Government institutional conditions on policies and regulations for PPPs in Zimbabwe; to evaluate the viability capacity of the Zimbabwean Private firms to venture in to PPPs in Zimbabwe; to evaluate the viability capacity of the Zimbabwean financial institutions to fund PPPs in Zimbabwe and to make recommendations on the appropriate model for PPPs that can be adopted by Zimbabwe. The research was carried out on respondents from the Public Sector represented by Ministry of Finance (20) and Private sector represented by ZNCC (40) and CZI (40) respondents will be selected. The total sample that was used for the research was 100.The researcher used a survey to carry out the research using a questionnaire as the research instrument. The research findings showed that there were PPP projects that were carried out in the country. The results indicated that there were no institutional frameworks to deal with PPPs and that had a serious effect on PPP delivery. The private sector and the public sector were not capacitated to engage in PPPs due to the country and global financial problems. The researcher however recommends the government to come up with a PPP unit in the Office of the President and Cabinet to oversee the allocation and monitor progress on PPPs in Zimbabwe. The government is supposed to draw a bill that can be adopted to ensure that issues to do with PPPs are addressed. Corruption is one area that require attention as a way of ensure a smooth running PPP projects.