22August2017

The Director of the Privatisation unit has defended the 20- year contract that Umeme signed with the Government, saying it was one of the best deals in sub-Saharan Africa.

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Each passing day, the Government loses hope of recovering sh432b from several companies, including 10 ghost firms, which it gave loans in the 1990s. This was revealed on Tuesday by officials from the Ministry of Finance headed by the accountant general, Gastavio Bwoch, who pleaded with Parliament to help them recover the money.

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