Tanzania, Feb. 15 -- Dar es Salaam. Parliament's Public Investment Committee (PIC) yesterday asked the government to assess its investment and increase capital into more productive ventures.

The advice comes after the committee found that the size of the government investment does not match the return on the investment.

Also read: PIC wants thorough evaluation of state entities

The committee said the government had invested Sh73.36 trillion by the 2021/22 financial year, of which Sh70.8 trillion was in state-owned entities and companies where it owns more than 51 percent of the shareholding and Sh2.56 trillion was injected in companies in which the government has less than 50 percent ownership.

However, when it comes to the return on ...