Parastatal

(redirected from parastatals)
Also found in: Dictionary.

Parastatal

A slang term for state-owned enterprise, especially in Africa.
References in periodicals archive ?
According to Oyebuchi, 'you must justify the trust and confidence repose in you and the only way you can do that is to ensure that the right things are done, and ensuring you move the parastatals forward.
Representatives from parastatals such as Botswana Investment and Trade Centre (BITC), Local Enterprise Authority (LEA) and from Citizen Entrepreneurial Development Agency (CEDA) made the plea when sensitising entrepreneurs about their mandates, services offered and opportunities they could tap into to grow their businesses and exploit the market.
It recommended that parastatals be trimmed from 262 to 187.
The possibility of South African parastatals such as Eskom, Sanral and Transnet issuing sukuk is good, according to the National Treasury, but "it will have to be in line with their funding strategies which they decide on.
The respective enabling laws of the parastatals are to be amended accordingly to reflect the merger.
A very interesting chapter that describes how Asian nations are learning new ways of business outside of parastatals serves as the conclusion.
At the height of Moi's reign, there were close to 250 parastatal organisations ranging from hotels, banking, insurance to power generating concerns.
The move was issued following a meeting between directors of three key parastatals in the aviation industry.
Faced with these problems, the National Archives of Namibia is unable to fulfill its task of managing the recordkeeping of all ministries, local authorities, parastatals, and regional offices.
The first example, palm oil extraction in Cameroon, shows how trade restrictions and a domestic price floor have allowed inefficient large-scale production by parastatals to persist along with lower cost artisanal production.
The plan likely includes the individual capex plans of the parastatals which operate much of the country's infrastructure.
Ngige, who was warning the chairmen and members of the boards of three other parastatals being inaugurated under his ministry said a whopping sum of N5 billion was removed in one day in a single voucher.