Sadc Summit preps invoices inflated by US$19m

THE Procurement Regulatory Authority of Zimbabwe (Praz) has revealed that suppliers inflated invoices by US$19 million for goods and services during the tendering process ahead of the 44th Sadc Heads of State and Government summit held in Harare last August, NewsDay Business understands.

Last year, Zimbabwe hosted the seventh Sadc Industrialisation Week and the 44th session of the Sadc Heads of State and Government summit owing to the southern African nation assuming the chairmanship of the regional bloc.

In preparation for the two events, the government spent millions of United States dollars in improving the declining road infrastructure and constructing lodgings for regional heads of State.

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