Parastatal


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Parastatal

A slang term for state-owned enterprise, especially in Africa.
References in periodicals archive ?
The project is part of BRs strategy to turn around the performance of the parastatal.
During Moi's time, many of the parastatals were used to reward political friends, many of whom run them down.
Kocks noted that South African corporates, parastatals, regional governments, and financial institutions are considered the most likely rating candidates.
One of the parastatals targeted for privatisation, the Tanzania Railways Corporation (TRC), received the worst news ever in its history on 25 June when a goods train collided with a passenger train in Masagali in central Dodoma region, killing at least 200 people.
Building on the progress already made, the privatization program will be expanded by accelerating the disposal of assets managed by the Parastatal Sector Reform Commission.
The Economic and Financial Crimes Commission (EFCC) has warned banks to stop the granting of 'dubious loans' and other facilities to some parastatal and government institutions.
The privatization and parastatal reform are at the core of the program's structural reforms.
Additionally, EnerGulf will be the operator of the block and will carry Cohydro, the parastatal oil company of the DRC, for a 10% interest in the block.
NetOne publicly brought out its half-year financials in line with Government's National Code on Corporate Governance in a first for the parastatal.
Major parastatal entities that are to undergo privatisation include the National Microfinance Bank (NMB), National Insurance Corporation (NIC), the Dar es Salaam Water and Sewerage Authority (Dawasa), the Tanzania Electric Supply Company (Tanesco) and the Tanzania Railways Authority (TRC).
At the request of the United States Agency for International Development (USAID) and the Uganda Investment Authority (UIA), Land O'Lakes sent two consultants in April 1994 to do an assessment of the viability of the Uganda Dairy Corporation, a dairy processing and manufacturing parastatal.
In an official letter of offer addressed to PetroSA, (the South African parastatal petroleum company), a copy of which was delivered to EnerGulf by the Ministry, the Ministry informed the parties, that the exploration license for Block 1711 will be issued, upon acceptance of the offer, as per the following interests: PetroSA 70% and operator, EnerGulf 17%, Namcor 10% (the Namibian parastatal petroleum company) and local BEE group(s) 3%.