Why some public institutions recorded losses in three consecutive years

Parliamentary Public Investment Committee (PIC) chairman Raphael Chegeni. 

In Summary

• Lack of an investment policy, business plan and strategic planning plunged some public institutions into losses in three consecutive years.
• The institutions include Tanzania Petroleum Development Corporation (TPDC), Tanzania Fertilizer Company (TFC) and National Development Corporation (NDC).

By Alex Malanga @ChiefMalanga amalanga@tz.nationmedia.com

Lack of an investment policy as well as business and strategic plans plunged some public