EA nations cut out loss-making public sector enterprises to save costs - News Summed Up

EA nations cut out loss-making public sector enterprises to save costs


These include the national carrier Air Tanzania, the Tanzania Railways Corporation, National Development Corporation, TIB Development Bank and the National Health Insurance Fund. Uganda situationSome of the affected agencies in Uganda include the Uganda Free Zones Authority, Uganda Investment Authority, Uganda Export Promotion Board, Uganda Warehouse Receipt System Authority, Capital Markets Authority, Gaming and Lotteries Board and the Electricity Regulatory Authority. In contrast, state agencies that bear sensitive international commitments were excluded from the rationalisation agenda. Read: Uganda in new wave of re-nationalisationThese include the Financial Intelligence Authority, Uganda Civil Aviation Authority and the National Social Security Fund. “The government took a decision to rationalise its agencies, but the Ministry of Public Service has the final say on this matter.


Source: Daily Nation August 28, 2023 15:31 UTC



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