EY

At EY, we are committed to building a better working world — with increased trust and confidence in business, sustainable growth, development of talent in all its forms, and greater collaboration.

We want to build a better working world through our own actions and by engaging with like-minded organizations and individuals. This is our purpose — and why we exist as an organization.

Running through our organization is a strong sense of obligation to serve a number of different stakeholders who count on us to deliver quality and excellence in everything we do.

We want to use our global reach and scale to convene the conversation about the challenges facing economies and the capital markets.

When business works better, the world works better.

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Zimbabwe

Vision

To be the centre of excellence in macro-economic policy formulation, coordination and stewardship of public resources to achieve sustainable socio-economic growth and development.

Mission

2.To formulate and coordinate sound macroeconomic policies, effectively mobilise, allocate, manage and account for public resources.

Core Values

Transparency;
Professionalism;
Integrity;
Equity;
Efficiency.
Overall Functions of the Ministry

To manage the Consolidated Revenue Fund, the National Development Fund and the public debt portfolio;
Formulate and administer the National Accounting Policy;
Formulate and administer the National Budget;
Design and implement up to date and effective systems of internal check and control;
Mobilise financial resources to finance Government Programmes;
Facilitate and participate in the negotiations related to domestic and international mobilisation of resources;
Collect revenue due to Government, in particular through the Zimbabwe Revenue Authority (ZIMRA);
Analyse the performance of public enterprises and advise on matters of financial policy;
Carry out macro-economic reviews and recommend policies that promote macro-economic stability necessary for sustainable economic growth and development;
Give policy guidelines to the Reserve Bank of Zimbabwe;
Administer the National Economic Conduct Inspectorate;
Administer the Zimbabwe National Statistics Agency.

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Uganda

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Swaziland

The Swazi people are descendants of the Bantu who originated in the Benue-Cross Region in Cameroon. The Bantu migrations followed three key routes, the Western, the Central and the Eastern Routes. The Bantu Swazi travelled from Eastern African through Kenya, Tanzania and into present day Mozambique under the leadership of the King Dlamini 1 (Matalatala), King Ngwane. That is why they came to be known as the Dlamini and people of Ngwane (baka Ngwane) in the 1750s.
The king in the Swazi setting rules together with a Queen Mother who is supposed to be a biological mother to that king.

State Formation
The Swazi conquered the neighbouring chiefdoms and kingdoms characterised by the Sotho Nguni tribes (Emakhandzambili) such as the Magagula, Maseko, and Simelane etc. Diplomacy and the use of arranged marriages were used to create strategic alliances with neighbouring states. The use of regiments in warfare was more pronounced in the period ranging from the 1820s to the 1840s where the whole Southern African region underwent radical state building fuelled by the reign of King Shaka of the Zulu and the devastating effects of the Madlatule famine.

Swazi Monarchs
The Swazi were led by King Sobhuza 1 (Somhlolo) from 1815-1836. King Somhlolo saw a vision where he advised the Swazi nation to choose “Umculu” (book) rather than “Indilinga” (money) in the encounter with the white men. This could partly explain why the University of Swaziland emblem is inscribed “Umculu sisekelo sesive” (education is a national asset/ foundation).
King Mswati 11, who reigned from 1839-1865, is credited as the greatest fighting Swazi king, and extended the boundaries of the country to incorporate places such as present day Johannesburg, Hammernskraal, Pretoria, the Kruger National Park, Mkhuze, Vrede etc.

King Ludvonga who ruled for a very short period, was succeeded by King Ndvungunye.

King Mbandzeni ascended the throne during the most difficult periods (1880-1889) in the history of the country. There was an influx of white settlers who came for different reasons such as missionary work, farming, mining, grazing rights. It was a clash of culture and traditions between the Boers/ British and the Swazi that resulted in the loss of land belonging to the Swazi nation, through concessions grants overseen by Thoephillus “Offy’ Shepstone Junior.

King Bhunu (Ngwane V) led Swaziland when the Transvaal Boer Republic was in control of the political affairs (1890-1899). The Transvaal Boer Republic’s administrative headquarters were located in Bremersdorp (present day Manzini), and were burnt down during the Anglo-Boer War of 1899-1902.The shopping mall is situated in the area where King Bhunu was once tried for ordering the execution of a suspected witch. King Bhunu died in 1899 the same year that King Sobhuza 11 was born.

From 1899-1921 Swaziland was under the leadership of Queen Regent LaboTsibeni Gwamile Mdluli. Gwamile was a strong willed woman who braved strong criticism and sent the young Sohuza to school in Lovedale College in South Africa. In 1907 Gwamile established the Lifa Fund, where all able bodied Swazi people working within and outside the country contributed a portion of their wages to be used for purchasing back land expropriated through concession grants in 1880s. it is no wonder that one vocational institution (Gwamile Vocational Institute Matsapha) was named in honour of her contributions in shaping the history of the country.

King Sobhuza 11 was installed on 20 December 1921 as king and ruled up until he died in 1982, making him the longest reigning monarch. He led Swaziland during the colonial era and showed unwavering support for the British during the course of the Second World War, 1939-1945. Several projects created by the Commonwealth Development Corporation (CDC) included the establishment of the Mhlume Sugar estates which were meant to help the Swazi war veterans integrate into civilian lifestyles.

When the war ended negotiations with Britain for self rule were initiated, and finally culminated in the granting of Independence on 6th September 1968. King Sobhuza 11 was crowned as King and Ngwenyama of an Independent Swaziland through instruments handed over by George Thompson who represented the British Queen, at a colourful ceremony on the day at the Somhlolo National Stadium.

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Rwanda

Treasury Management Department facilitates the Ministry of Finance and Economic Planning in achieving the higahest international standards in Public Finance Management (PFM) in order to ensure proper accountable use of resources.

The aim of this part is therefore, to act as a user guide to the Government Treasury management in Rwanda and should prove useful to anyone interested in receiving an overview of Treasury Management in MINECOFIN. It also serves as a guide to stakeholders on the various steps, processes and procedures required by Treasury Management Department.

KEY FUNCTIONS AND RESPONSIBILITIES OF TREASURY MANAGEMENT DEPARTMENT.
The Treasury function in the Ministry undertakes the following functions and responsibilities in the control of government payments and transfers:

Key Functions:

(a) Process all payments and transfers from the consolidated fund bank account and special bank accounts maintained at the National Bank of Rwanda

(b) Ensure all payments and transfers are within the adopted budget of the public entity, legitimate and adequately supported;

(c) Ensure all payments and transfers are within the cash limits set by the Treasury Management Committee;

(d) Process payments and transfers by direct payments, and any other means in the most efficient manner to bonafide payees without loss to the Government;

(e) Keep timely, comprehensive and accurate records of outstanding public debt including information about principal and interest, guarantees and lending in an appropriate database;

(f) Facilitate the recovery of any payments including interest and other costs incurred by Government due to the honouring of outstanding guarantees;

(g) Prepare forecasts on Government debt servicing and disbursements as part of the yearly budget preparation;

(h) Manage Treasury Single Account, its sub-accounts, special bank accounts and any other government accounts in the most efficient manner;

(i) Prepare monthly bank reconciliations and take remedial action on outstanding items;

(j) The Treasury Management prepares monthly, quarterly and annual Treasury Reports containing all transactions through the consolidated fund account and special bank accounts with the National Bank of Rwanda indicating all revenues, all payments and transfers, opening and closing balances and transfers any balances, excluding balances of decentralised entities and extra-budgetary entities, to the accounts of the consolidated fund.

(k) Archive all transaction documents in accordance with government policies and regulations.

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Mozambique

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Malawi

The Ministry of Finance, Economic Planning & Development has the mandate to formulate economic and fiscal policy and manage financial and material resources of the Government of Malawi in order to realise balanced and sustainable economic growth and to reduce poverty.

Malawi’s growth has accelerated while inflation has moderated in recent years. On account of this economic and fiscal consolidation, Malawi remains one of the few countries to have come out of the global financial and economic crisis relatively unscathed

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Kenya

The National Treasury derives its mandate from the Constitution 2010, the Public Management Act 2012 and the Executive Order No.2/2013.
The core functions of the National Treasury as derived from the above legal provisions include

Formulate, implement and monitor macro-economic policies involving expenditure and revenue;
Manage the level and composition of national public debt, national guarantees and other financial obligations of national government;
Formulate, evaluate and promote economic and financial policies that facilitate social and economic development in conjunction with other national government entities;
Mobilize domestic and external resources for financing national and county government budgetary requirements;
Design and prescribe an efficient financial management system for the national and county governments to ensure transparent financial management and standard financial reporting.
In consultation with the Accounting Standards Board, ensure that uniform accounting standards are applied by the national government and its entities;
Develop policy for the establishment, management, operation and winding up of public funds;
Prepare the annual Division of Revenue Bill and the County Allocation of Revenue Bill;
Strengthen financial and fiscal relations between the national government and county governments and encourage support for county governments and
Assist county governments to develop their capacity for efficient, effective and transparent financial management.
To prepare the National Budget, execute/implement and control approved budgetary resources to MDAs and other Government agencies/entities.

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Zambia

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Botswana

In pursuit to become a society of proficient users and innovators of ICT to propel social and economic development, the Botswana Government has instituted an e-Government programme to avail government information and services online thus significantly improving public service delivery across all segments of society.

We strive to exploit all appropriate e-communication platforms to provide you with news and information in a timeous manner. Visit us at Facebook and Twitter.

As our valued customer, we strive to optimise your experience on our portal in the most efficient and convenient manner. Therefore, your feedback is vital for the sustained enhancement for the customer experience.

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