- Published on 07 September 2016
The recent experience of developing countries, which have achieved sustained and high rates of growth, shows that good governance and high quality institutions are central to development outcomes. As part of the USAID-funded Strategic Economic Research and Analysis (SERA) program, the implementing partner – the Center for International Private Enterprise (CIPE) in collaboration with leading business associations: Zimbabwe National Chamber of Commerce (ZNCC), the Confederation of Zimbabwean Industries (CZI) and the Small and Medium Enterprises Association of Zimbabwe (SMEAZ) designed and commissioned a survey of Zimbabwean business owners in the cities of Harare and Bulawayo to assess their experience with transactional corruption and its effect on conducting business.
This survey examined in detail how business transaction costs manifest themselves within the Zimbabwean business community across sectors, their nature and impact on viability. The survey was carried out on the theme of “Cost of Compliance”, examining specific areas where opaque terms, duplicate regulations,lack of access to information or too much discretionary power given to a public sector agency or service provider is leading to opportunities and instances of transactional corruption. It also assessed the efficiency of the services rendered by public sector agencies in facilitating business endeavours.
The results of this survey will, in the ultimate, map recommendations for appropriate policy reforms to stem the escalation of business transaction costs and to enhance enterprise viability. It is therefore a building block towards equipping Zimbabwe’s private sector and public sector with an objective lever to anchor business-friendly economic policy.