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The number of loss-making state-owned entities remains relatively on the rise. A 2019-2020 consolidated fiscal performance report by the Ministry of Finance has presented a gloomy picture for the state-owned enterprises (SOEs) as 46 percent of them registered losses. The report says the majority of the SOEs are surviving on external financing that includes bank …
The post Public companies in K119 billion debt appeared first on The Times Group Malawi.
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