Tanzania to close deficit-making public enterprises

Tanzania will close deficit-making public enterprises and retain only those that make an annual profit, Finance and Planning Minister Philip Mpango

said Tuesday. On the role of state-owned enterprises, Mr. Mpango noted that there are now more than 400 government-owned enterprises in the country.

"The government will not hesitate to close the deficit state-owned enterprises to reduce the burden of managing them," said Commerce Capital Minister Dar es Salaam.

"I am not happy to see that the state-owned enterprises do not pay dividends to the government.These companies have to leave.He said that he had already ordered the Treasurer to check all the companies and d & # 39; identify those who were making losses for the closure.

Tanzania will continue to provide financial resources, creating a friendly environment and Mr. Mpango said: "The government says it's committed to making sure that the country becomes a middle-income economy through industrial development by 2025.

stated that the goal is actively pursued by President John Magufuli and that "we all have the duty to help him to realize it in the interest of our nation "