Zimbabwe seeks to raise $350 million selling shares in state firms

HARARE - Zimbabwe expects to raise $350 million from selling shares in five state-owned telecommunications companies and a bank, as part of economic reforms being pursued by the government, Finance Minister Mthuli Ncube said in a statement.

Ncube said on Tuesday the government would dispose of shares in its two mobile phone operators NetOne and Telecel Zimbabwe, the country’s sole fixed line telephony company TelOne, postal services Zimpost and state-owned savings bank POSB. Ncube was not immediately available to comment but he said in October selling state firms, known locally as parastatals, was one of the ways to reduce government spending.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zimbabwe seeks to raise $350 million selling shares in state firmsZimbabwe expects to raise $350 million from selling shares in five state-owned telecommunications companies and a bank, as part of economic reforms being pursued by the government, Finance Minister Mthuli Ncube said in a statement. The Chinese will be first on the mark.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Newsdeck: Zimbabwe Expects to Raise $350 Million Selling State CompaniesZimbabwe plans to raise $350 million from the sale of stakes in five state-owned companies, Finance Minister Mthuli Ncube said. What about recovering the money Mugabe, Mnangagwa and Ncube stole?
Source: dailymaverick - 🏆 3. / 84 Read more »

Zimbabwe seeks to raise $350 million selling shares in state firmsZimbabwe expects to raise $350 million from selling shares in five state-owned telecommunications companies and a bank, as part of economic reforms being pursued by the government, Finance Minister Mthuli Ncube said in a statement. The Chinese will be first on the mark.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Newsdeck: Zimbabwe Expects to Raise $350 Million Selling State CompaniesZimbabwe plans to raise $350 million from the sale of stakes in five state-owned companies, Finance Minister Mthuli Ncube said. What about recovering the money Mugabe, Mnangagwa and Ncube stole?
Source: dailymaverick - 🏆 3. / 84 Read more »

Zimbabwe to sell shares in state firms as part of its economic reformThe government has targeted selling some or all shares in 43 of its companies, most of them loss-making Smart move.
Source: BDliveSA - 🏆 12. / 63 Read more »

PIC had to sell off shares to invest in Ayo, inquiry toldThe Public Investment Corporation (PIC) commission of inquiry has heard about the urgency with which two investments were signed off, both owned by media mogul Iqbal Survé.
Source: ewnupdates - 🏆 30. / 53 Read more »