Parastatals kill private sector growth

Wednesday, October 19, 2016

The former Assistant Minister of Finance and Development Planning Charles Tibone has come out with guns blazing, warning that the proliferation of state owned enterprises has potential to kill the private sector.

Tibone has stated that majority of these operations, known as parastatals, are unprofitable and depend on government for survival.

Tibone’s words cannot have come at the right time when BCL is on its knees facing closure, leaving thousands of people with no jobs and income.

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Parastatals kill private sector growth

The former Assistant Minister of Finance and Development Planning Charles Tibone has come out with guns blazing, warning that the proliferation of state owned enterprises has potential to kill the private sector.