Zimbabwe announces privatisation of ailing state firms

The government has announced it will privatize and merge parastatals. “Larger parastatals and manufacturers including vehicle assembler Willowvale Mazda Motor Industries, Chemplex Corporation and Deven Engineering are set for partial privatization. The Civil Aviation Authority of Zimbabwe is to be “unbundled into a regulatory and airports authority” while the current recapitalization program for the National Railways of Zimbabwe is expected to continue.”