Tanzania to shut down loss-making State firms

Tanzania's Minister of Finance and Planning, Philip Mpango. File Photo | NMG

Tanzania will shut down loss-making State-owned enterprises (SOEs) and retain only those that post profit annually, the country's Minister for Finance and Planning Philip Mpango said on Tuesday.

Speaking at the official opening of a workshop on the role of SOEs, Mr Mpango noted that there are now more than 400 government owned firms in the country.

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