Thursday 18 January 2018

Zimbabwe invites bids to buy stakes in state-owned companies

Zimbabwe invites bids to buy stakes in state-owned companies
(Reuters 01/03/18)

HARARE (Reuters) - Zimbabwe has invited bids to buy stakes in up to eight loss-making state-owned enterprises, including its national airline and power utility, to help plug a ballooning budget deficit, its deputy finance minister said on Wednesday.

“We are diluting our shareholding in those entities and our shareholding might go to zero percent in some entities,” Terence Mukupe told Reuters.

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