Public Private Partnerships Commission wants investors to buy shares in Pride Malawi in which government has a controlling stake, PPC Commission says in statement published in Daily Times newspaper.
* “The decision to recapitalize the institution has been motivated by the desire to strengthen their financial and operational capabilities in a competitive environment. The entry of strategic equity partner is likely to promote innovation, investment information technology and growth in market share,” agency says;
* Pride Malawi was established in 2000. Source: Bloomberg