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

tanesco

Tanzania Electricity Supply Company (Tanesco) Headquarters along Morogoro highway at Ubungo, Tanzania. PHOTO | FILE | NMG

East African governments have stepped up efforts to cut out inefficient and loss-making state-owned corporations in a move seen as relieving taxpayers of unnecessary burdens.

Governments are keen on parastatal reforms to avert financial bleeding, a plan backed by the International Monetary Fund (IMF).