Beyond Business as Usual: Zanzibar public firms seek Union growth
ZANZIBAR, Nov. 6 -- A NEW drive to connect Zanzibars public institutions with mainland financial markets and investment opportunities is gaining momentum, as Treasury Registrar Waheed Mohammed Ibrahim Sanya champions partnerships aimed at unlocking capital, improving efficiency and making government corporations financially sustainable.
For a long period, the financial sustainability of public corporations has remained a major concern for governments, particularly where institutions depend heavily on government allocations and subsidies to meet their operational costs.
In Zanzibar, however, a renewed effort is taking shape to change this situation, with public institutions being encouraged to rethink their traditional approaches to mana...
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