AXE HANGS OVER 187 ENTITIES AS PRESIDENT JOHN MAGUFULI IS DEEPLY UPSET BY THE ABYSMAL TREND OF DIVIDENT PAYMENTS

President John Magufuli receives a dummy cheque for 7.2bn/- dividend from CRDB Group CEO and Managing Director, Abdulmajid Nsekela (second left) and the bank's Board Chairman, Ally Laay (second right) at a handing over ceremony held at State House, Chamwino in Dodoma yesterday. 

President John Magufuli has threatened to shut down 187 public parastatals, agencies and other institutions for underperforming despite the government spending 59.6trn/- investment capital.

He has given the organisations' Board Chairpersons and their Chief Executive Officers up to 22 January 2020, to give dividend to the Treasury Registrar and Finance and Planning Minister or relinquish their positions.

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