Zimbabwe invites bids to buy stakes in state-owned companies


President Emmerson Mnangagwa of Zimbabwe

Emmerson Mnangagwa of Zimbabwe

Zimbabwe has invited bids to buy stakes in up to eight loss-making state-owned enterprises, its Deputy Finance Minister, Terence Mukupe, said on Wednesday.

Mukupe said in Harare that the aim was to help plug the country’s ballooning budget deficit.

The minister listed the loss-making state-owned enterprises to include the national airline and power utility.

“We are diluting our shareholding in those entities and our shareholding might go to zero per cent in some entities,” Mukupe said

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