State Enterprises Restructuring Agency (SERA)

The State Enterprise and Restructuring Agency (SERA) is a semi-autonomous Agency responsible for the implementation of the restructuring programme. SERA serves as the technical arm of the Ministry of State Enterprises and Parastatals as well as the secretariat of the Inter-Ministerial Committee on Commercialisation and Privatisation of Parastatals (IMCCPP).

The roles of SERA include:

• Advising line ministries and SEPs Board and management on SEPs reforms.
• Leading, advising and managing the commercialization, privatization and restructuring programme of SEPs in line with Government policies.
• Assisting line ministries and relevant SEPs in the identification and hiring of local and/or external consultants (corporate advisors, accountants, valuations, management and marketing specialists, e.t.c.) to be engaged to undertake technical aspects of the restructuring programme.
• Prepare in consultation with line Ministries, detailed work plans and timetables for the privatisation of designated enterprises for onward presentation to Cabinet for approval through the IMCCPP.
• Advise on the legal issues and the regulatory framework to facilitate the commercialisation and restructuring process.
• To advise line Ministries and PEs on the management of SEPs debt and the balance sheet restructuring.
• Manage Government shareholding in SEPs and listed companies to enhance and maximize shareholder value.
• Undertake the transparent evaluation of joint venture projects and the Public Private Partnerships (PPPs) with the SEPs in consultation with the line Ministries.
• To assist in the indigenous economic empowerment of Zimbabweans through the restructuring process.
• Undertake the preparation and implementation of a public information campaign relating to the benefits of restructuring.
• Undertake post-restructuring evaluation exercise.
• To be the secretariat of the Inter-Ministerial Committee on Commercialization and Privatization of Parastatals (IMCCPP).