By KETRA KALUNGATHE governments of Zambia and Tanzania should look for a private equity partner for a joint venture to resuscitate operations at the Tanzania-Zambia Railway Authority (TAZARA to make it more viable, says an Economist, Highvie Hamududu.This follows revelations by Ministry of Communications and Transport Permanent Secretary, Misheck Lungu that TAZARA was running at a loss and that the government was putting in place measures that would see it operate profitability.Mr. Hamududdu who is the leader of the Party of National Unit said in an interview, finding an equity partner to run TAZARA on behalf of the two governments would help end the losses incurred.He said, “the very Chinese who constructed the railway line are capable of running TAZARA on behalf of the two governments because they would be able to bring in the technology, financing, and discipline.”Mr. Hamududu explained that China is now the main exporter of commodities in Sub-Saharan Africa and if […]
Look for an equity partner to resuscitate TAZARA – Highvie Hamududu.
