[ad_1]
Tanzania will close deficit-making public enterprises and retain only those with annual profits, said Finance and Planning Minister Philip Mpango at the official opening of a workshop on The 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 charged with verifying all companies and identifying those who are making losses for
However, Tanzania will continue to provide financial resources, create a friendly environment and to put in place the systems needed to increase the contribution of public enterprises to industrial development.
It's part of the government's plan to keep the country safe. becomes a middle-income economy through industrial development by 2025.
– African News Agency
[ad_2]
Source link
