Parastatal


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Parastatal

A slang term for state-owned enterprise, especially in Africa.
References in periodicals archive ?
But Biwott defended the parastatal, saying its role is to enable exporters to 'acquire exhibition space at the fair but does not pay for their transport and accommodation.
Bankers such as Emad Al Monayea, CEO of KFH Investment, the investment banking subsidiary of Kuwait Finance House (KFH), one of the world's largest Islamic banks and one of the three mandated lead arrangers together with BNP Paribas and Standard Bank, of South Africa's debut sovereign sukuk, are convinced that parastatals from Africa and Europe will be new entrants to the global sukuk market "seeking financing for their new projects, mainly in expansion capital and infrastructure funding.
Senior managers at trade unions are given extensive non-wage benefits, such as car, housing and entertainment allowances to avoid the government salary limit on parastatal pay.
During Moi's time, many of the parastatals were used to reward political friends, many of whom run them down.
Accord ingredients to him, the board of parastatals are responsible for setting out the parastatal's economic, financial, operational and administrative policies, programmes and targets in line with the overall objectives as provided by the government.
Conditions of service of parastatal institutions employees, including the University of Botswana, are decided by the institutions relevant councils or boards based on the sustainability of those institutions.
The impending consolidation is in line with recommendations of a 2013 report by a parastatal reforms taskforce appointed by President Uhuru Kenyatta.
The Nigerian Federal Government has deployed hi-tech explosive screening equipment at 15 of the 22 airports in the country, the local PUNCH newspaper reported Wednesday, quoting the spokesperson for the aviation parastatal, Mr.
According to Oiva Angula, Senior Manager: Corporate Communications & Public Relations at the parastatal, a water pipe that burst in the city's Luderitz Street caused heavy flooding of a Telecom cable manhole last Tuesday, damaging a 1400-pair underground cable.
18 February 2010 - S&P on Wednesday lowered to BBB+ from A its foreign-currency senior unsecured debt rating on South African parastatal infrastructure provider Transnet Ltd's USD2bn (EUR1.
Ghana already has some control over prices as the Cocobod parastatal is the sole exporting authority, but in Cote d'Ivoire exporters operate outside state control.
The fact that some parastatal buyers have turned the privatised factories into stores or other products of their choice, has aroused many questions in the public's mind.