Zambia mulls turning parastatals into private hands

Source: Xinhua| 2019-11-12 00:47:22|Editor: huaxia
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LUSAKA, Nov. 11 (Xinhua) -- Zambian President Edgar Lungu on Monday said his government will consider turning some of the state-owned enterprises into private hands as it believes that the private sector has a huge role to play in the diversification of the country's economy.

The Zambian leader said his government was looking at the possibilities of turning some of the state-owned enterprises that have been receiving government's financial support but have consistently failed to provide value to the public into private hands.

According to him, a thriving private sector could drive inclusive economic growth, provide high-quality goods and services, create jobs as well as contribute significantly towards expanding Zambia's tax base. Enditem

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