10 °c
London
Friday, April 16, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Zimbabwe: Govt to fast-track privatisation of NetOne, POSB and TelOne

FurtherAfrica by FurtherAfrica
October 9, 2018
in Africa, Banking, Economy, Government, Privatisation, Zimbabwe
Reading Time: 2 mins read
0
Zimbabwe: Tharisa acquires a 90% of Salene Chrome
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The government will fast track the privatisation of the Post Office Savings Bank as well as telecom firms NetOne and TelOne in a move aimed at raising funds for the administration.

Finance minister Mthuli Ncube confirmed the plans as he launched his Transitional Stabilisation Program (TSP) in Harare last Friday

Briefing the media, Ncube said that TSP will outline measures that will be taken to address institutional reforms to achieve growth and development.

There shall be strict budget and expenditure controls, focus on improving service delivery in public enterprises and the eradication of rent seeking behaviour.

“As a result, we will be fast-tracking the privatization of TelOne, POSB and NetOne and this must be done within the next six months,” he said.

“Information on the offer will be publicly advertised both locally and globally in order to attract the best investors who bring the right technology and make sure that Foreign Direct Investment flows into the country.”

He also noted that the country’s financial sector will be developed through carrying out legislative reforms that will see access to capital for Small to Medium Enterprises improving.

The two-year economic programme also aims at improving ‘ease-of-doing-business’ by reducing the number of licences needed for one to run a business.

Currently a total of 23 licences are required while most countries in the region only have less than ten.

Ncube noted that government will soon resolve payment backlogs owed to airlines that have since abandoned the Harare route in a bid to improve tourism due to its foreign currency-earning potential.

Among the measures, restrictive Visa requirements shall be also be scrapped to improve arrivals into the country.

Source: allAfrica

Related

Tags: administrationfast-track privatisationFeatureFinance Ministerforeign direct investmentgovernmentMthuli NcubeNetOnepayment backlogsPOSBPost Office Savings Bankprivatisationraising fundsrestrictive Visa requirementsSmall to Medium Enterprisestelecom firmsTelOneTransitional Stabilisation ProgramTSPzimbabweзимбабвеزيمبابويジンバブエ津巴布韦
ScanSendShare320Tweet200Share56Pin72Send
Previous Post

Angola: Half of country’s fuels stored at sea

Next Post

Angola: Minister announces privatisation of farms

FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Water

Zimbabwe to export water to South Africa

by Staff
April 16, 2021
Conference Access to Africa coming to Dakar, Senegal
Conference

Conference Access to Africa coming to Dakar, Senegal

by FurtherAfrica
April 16, 2021
Soon, Africa’s largest utility will not own any power lines
Energy

Tanzania rural electrification project continues to make progress

by Staff
April 16, 2021
Economy

Mozambique: ‘Valuation of the metical only useful if reflected on the economy’

by FurtherAfrica
April 16, 2021
East Africa Oil Pipeline construction date still unknown
Pipeline

East Africa Oil Pipeline construction date still unknown

by Taarifa Rwanda
April 16, 2021
Next Post
Opinion: The consequences of Africa’s careless agricultural trade

Angola: Minister announces privatisation of farms

TNM extends coverage to 200 new sites in Malawi

MTI Wireless Edge wins irrigation work in Mozambique

Reuters: Russia’s VTB says ready for “dialogue” over Mozambique debt restructuring

Angola and Russia discuss mineral resources cooperation

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

Enter your email address to receive notifications of new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?