adminCommercialisation means transforming from being bureaucratic and conservative to market oriented enterprises. State Enterprises and Parastatals Restructuring Agency executive director Mr Edgar Nyoni told New Ziana that commercialisation ensured positive returns for the public entities.
Mr Nyoni said Treasury had various programmes needing financing hence it could not meet all the requirements due to liquidity challenges.
He urged public entities to consider disposal of idle or obsolete assets, machinery and all non-core assets to eliminate excess costs.
Meanwhile, Mr Nyoni said the commercialisation exercise would be undertaken or implemented with support of the line ministries and other Government departments.
Government recently launched a working document aimed at enhancing transparency, accountability and credibility in the restructuring process. — New Ziana.
Online Reporter