Gvt moves to restructure SOEs

Gvt moves to restructure SOEs

By Ndafadza Madanha GOVERNMENT has approved the liquidation, privatization and merging of State owned enterprises (SOEs) as it seeks to enhance performance and promote good corporate governance in the entities. According to Finance and Economic Development minister Patrick Chinamasa said each line ministry is expected to provide a memorandum to cabinet on the implementation modalities. Notably the Zimbabwe Investment Authority (ZIA), Special Economic Zones (SEZs), Zimtrade and Join Venture Unit are to establish a one stop shop for potential investors. Powertel, Zarnet and Africom are to be merged while the…

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