Parastatal

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Parastatal

A slang term for state-owned enterprise, especially in Africa.
References in periodicals archive ?
THE Federal Government has warned the chairmen and members of Governing Boards of parastatals and agencies under the Federal Ministry of Education against mindless corruption and impunity.
figure By JAINDI KISERO I think the media gave short shrift the more significant aspects of President Uhuru Kenyattas no new projects declaration last week.For the first time, the President shone the spotlight on the memoranda of understanding (MoUs) and commercial contracts mdash the two vehicles that Cabinet secretaries, parastatal chiefs and principal secretaries have been using to introduce kick-back-motivated projects through the backdoor onto the governments spending plans.
Ngige, therefore, warned the newly inaugurated boards of parastatals under the ministry against misappropriation of funds.
A team that includes Cabinet Secretaries and heads of parastatals will discuss the regulations for two days beginning tomorrow at the Kenya School of Government in Nairobi.
In the kind of contested political space we have, I do not see that (full implementation of the report) being possible, said Mr Rugo.Moreover, he says, the fact that it is almost five years down the line since the requisite Acts establishing the parastatals earmarked for mergers, speaks volumes.
These are 100 high school teachers, 30 retirees from Ministries, Departments and Agencies of Government and 12 from parastatals.
'The Government needs to sort the problem out between the parastatals, people are paying for water services,'' she said.
Also, high salaries and allowance for parastatal chiefs, politicians and ministerscause inequality, leading to runaway borrowing.Let the Parliament reduce the IEBC budget as it is not being used prudently.
Pantami emphasized the Ministry's roles of supervision and provision of broad policies for all the parastatals within the Ministry.
The event, spearheaded by the office of Deputy District Commissioner in Lobatse, is aimed at providing to government departments, parastatals and beneficiaries of the poverty eradication programme in the town, a one stop platform to showcase their services and products.