Former Finance Minister Katele Kalumba opposes the Privatization of State owed companies.
Written by Editor22 on September 5, 2022
Former Finance Minister Katele Kalumba has advised government to consider finding strategy equity partners to invest in some of the limping state owned enterprise and quasi government institutions as opposed to fully selling them off.
Recently Finance Minister Situmbeko Musokwatwane indicated that government will soon announce and embark on the privatization process of some of the state owned companies that were not financially viable.
And Dr. Kalumba says Quasi Government institutions like Zesco need equity strategy partners for them to be managed effectively just like what was done to ZANACO if they are to remain efficient.
But Dr Kalumba further says innovations aimed at reviving some limping institutions also welcome because for a long time now they have been a conduit of abuse by those in power.
