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By ZamChro Correspondent

The Economics Association of Zambia (EAZ) has welcomed Government’s intention to float its newly acquired 50 percent Total International shares in Indeni Petroleum Refinery to a private equity partner.

EAZ president Mwilola Imakando said yesterday that Government should withdraw from doing business and concentrate on regulation, monitoring and policy formulation.

“Government should not be in business; it should only step in when there are problems to try and resolve any impasse,” he said.

Dr Imakando said Government should now find a strategic partner to buy the 50 percent shares.

He said Government’s withdrawal from public business should be in line with the privatisation programme.

Dr Imakando said it is pointless to own a company that will only result in carrying on liabilities.

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