Sat, 12 Nov 2016 13:38:27 +0000 GOVERNMENT will review state owned enterprises in order to improve their performance and contribution to the treasury. The State has since directed the Industrial Development Corporation to conduct a situational analysis of all the SOEs under its portfolio with a view to recapitalise successful businesses while hiving off ones that are no longer viable. Delivering the 2017 national budget address to Parliament yesterday, Finance Minister Felix Mutati said Zesco, Zamtel, Zambia National Building Society, Indeni, TAZAMA Pipeline, Zambia Railways, and Zambia State Insurance Corporation would be under review in 2017. Highlighting agriculture-specific policies in the budget, Mr Mutati said the State would promote agricultural diversification to cash crops such as cotton, cashew nuts, soya beans, cassava and rice. He further explained that it would be done through the full migration to the e-voucher system. “The e-voucher system will be used for all beneficiaries under the Farmer Support Input Programme […]
State to review Zesco, Zamtel, Zambia Railways and other SOEs
