Parastatal


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Parastatal

A slang term for state-owned enterprise, especially in Africa.
References in periodicals archive ?
'As Governing Board Members, you are responsible for setting out the parastatal's economic, financial, operational administrative policies in accordance with government policy directives aimed at assisting the corporation to achieve its mandate.
"The SOE Council is just there to provide an oversight over them, but in between you have a portfolio Minister, you have a board of a parastatal, you have a CEO with management; so you realise that the council is a bit far from the actual operation of a parastatal as it only exercises an oversight function but of course if something goes wrong with the operations of a parastatal, the council gets blamed."
The government has indicated that it will no longer pump more money into a loss-making entity and that the process of selling it will start next week with the formation of a task force to come up with a plan for privatisation.The Athi River-based plant now joins the list of 26 other government parastatals that have been earmarked by the Privatisation Commission for selling to strategic investors.
Air Botswana GM Ms Agnes Khunwane had earlier confirmed to the PAC that the airline was among the parastatals whose boards would be overhauled to remove active politicians following an enquiry by committee chairperson and also Tati East MP Mr Samson Guma.
But on July 16, 2018, EACC intervened and recovered the land.According to Mr Dickson Nyagah, the parastatal had not transferred ownership of its land to any party.
On March 4, 2015, employees remained uncertain about their futures at the parastatal.
"TransNamib is in the process of analysing the various routes to determine which route and/or service can best apply to the utilisation of the OGS," said the parastatal's chief of corporate communications, Ailly Hangula-Paulino.
Sources whisper to Corridors hat the CS overseeing the parastatal forced him to sign a resignation letter.
class="MsoNormalThe parastatal alleges that some seven individuals illegally and irregularly allocated the plots, which are part of its property inherited from the erstwhile East African Railways and Harbours.
He was speaking at the induction programme for governing board members of some parastatal agencies, including federal universities and medical centres, organised by the Bureau of Public Service Reforms (BPSR) and Partnership to Engage, Learn and Reform (PERL) of the Department for International Development (DFID).
A consortium led by South African transport provider, Spoornet, has bought the rights to run Zambia's loss-making railway parastatal. It will operate Zambia's railway system for a 20 year term paying $253m per year and 5% of turnover.
'The facility is an independent parastatal and as such the board will take full control without interference,' she said.