Zimbabwe to Pay Local Suppliers Only in ZiG Under New Government Price List

Zimbabwe finance minister Mthuli Ncube

Mthuli Ncube says the government will begin paying both current and new local suppliers exclusively in the domestic currency, ZiG, under a new procurement framework aimed at strengthening the use of the local unit. The measure forms part of a newly introduced National Standard Price List (NSPL) designed to guide procurement by government ministries, departments, and agencies. Announcing the policy, Ncube said the price list would establish reference prices for commonly procured goods and services to reduce inconsistencies and improve oversight of public spending.

“The Ministry of Finance, Economic Development and Investment Promotion and the Procurement Regulatory Authority of Zimbabwe wish to inform current and potential suppliers that the Government has introduced a National Standard Price List (NSPL) to guide the procurement of commonly used goods and services across ministries, departments and agencies,” he said.

Under the new framework, the NSPL will provide standard benchmark prices for frequently purchased goods and services used across government institutions. Treasury says the system is intended to curb inflated pricing, ensure consistency across ministries, and improve value for money in public procurement.

“The implementation of the NSPL is expected to enhance cost savings, transparency, and efficiency in public procurement, thereby supporting national development priorities,” Ncube said.

Officials say the measure forms part of wider public financial management reforms being rolled out by the government. These reforms include the introduction of the electronic government procurement platform, as well as strengthened financial oversight and improved budget management systems. Authorities also signalled a stronger policy focus on domestic sourcing.

“In accordance with the 2026 National Budget Statement, priority will be given to domestically produced goods and services,” Ncube said.

As part of the policy shift, the government says it will lead by example in promoting the use of the local currency.

“All payments to local suppliers will be made solely in the local currency,” Ncube said.

However, the decision could have implications for suppliers who currently price their goods in United States dollars or who are owed payments in foreign currency. Some businesses may face exchange-rate risks if outstanding obligations are converted into ZiG.

Treasury said additional guidance on implementing the policy has already been issued to ministries and government agencies through Treasury Circular No. 4 of 2026, alongside directives from the procurement regulator. Analysts say the move reflects ongoing efforts by the government to stabilise the domestic currency while tightening control over public spending.

ZiG payments Zimbabwe suppliers