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JOHANNESBURG – Tanzania will close deficit-making public enterprises and keep only those that publish profits every year, said Finance and Planning Minister Philip Mpango
. On the role of state-owned enterprises, Mpango noted that there are now more than 400 state-owned enterprises in the country, reported Wednesday the East African
The country's treasury registrar has already been in charge of however, Tanzania will continue to provide financial resources, create a friendly environment and put in place the necessary systems to increase the contribution of public enterprises to industrial development.
This is part of the government's plan to ensure the country becomes a middle-income economy through industrial development by 2025.
– African News Agency (ANA) [19659002]
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