The Cabinet has approved the closure of 33 state-owned enterprises that have become inactive due to misalignment with their original objectives, lack of market relevance, and poor financial performance.
These enterprises, including government departments, statutory bodies, and state-owned companies, were identified as draining public resources without contributing meaningfully to the national economy or public services.
Following the President’s proposal as Minister of Finance, the Cabinet has greenlit the orderly two-phase shutdown of 33 inactive state-owned enterprises, supervised by a newly established special divestment unit within the ministry.