Parastatal

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Parastatal

A slang term for state-owned enterprise, especially in Africa.
References in periodicals archive ?
Most countries in the region needed to borrow to cover balance of trade deficits, but the new lending went to private companies and para-statal companies; relatively little covered government deficits.
Directors and board members of all para-statal organisations will also include people from other parties.
6) and were also endowed with significant para-statal organizations before independence.
An inbuilt payment gateway will also add value by allowing all payments to be collected at one point and then apportioned, split and routed to the respective heads of account of Central / State / Para-statal agencies along with generation of challans and MIS reports.
In addition, there are a number of South Africa para-statal organisations, like the Development Bank of South Africa and the Industrial Development Corporation, that have long been advancing development funds to African undertakings.
The Founders of Telecom Degrees have over 80 man years of industry experience and a track record of success spanning 20 years in the industry Operated at C-level and executive management level in the public, para-statal and commercial sector.