privatization

News

Africa: CCA to Host First-Ever U.S.-Africa Private Sector Health Forum
As the economies of various African nations continue to strengthen, and foreign direct investment rises, the private and public sectors in the U.S. and Africa are increasingly focusing their attention on the impact that current healthcare systems and their infrastructure have on the overall business investment climate in Africa.
Source : AllAfrica | 15-Oct-2008 14:02

Nigeria: NCP Constitutes Restructuring Committees
The National Council on Privatization (NCP) at its 55th meeting approved the constitution of three sector steering committees to assist in the reform and restructuring of those sectors.
Source : AllAfrica | 14-Oct-2008 12:01

Nigeria: RBDAS, DFIs Get Steering Committees
The National Council on Privatization (NCP) has approved steering committees for the River Basin Development Authorities (RBDAs), Parks and Development Finance Institutions (DFIs).
Source : AllAfrica | 13-Oct-2008 16:15

Nigeria: Oil Workers Oppose Planned Sale of PPMC, NGC
National Union of Petroleum and Natural Gas workers (NUPENG) and the Petroleum and the Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have expressed disgust at the planned sale of the Pipeline Products Marketing Company (PPMC) and the Nigerian Gas Company (NGC).
Source : AllAfrica | 10-Oct-2008 13:35

Nigeria: How Governor Akpabio is Enhancing Inter-Tribal Harmony
ON Friday, October 3,this year, the Yoruba Consultative Council paid Governor Godswill Akpabio of Akwa Ibom State a courtesy call in Government House, Uyo. It was a meeting to raise some matters of concern to the community.
Source : AllAfrica | 10-Oct-2008 13:04

Nigeria: Rivers Unveils Roadmap for Resource Creation
Bayelsa State Commissioner for Finance and Budget, Dr. Silva Opuala-Charles, says the state is pursuing a four point strategy for creating resources needed to drive the state's development process.
Source : AllAfrica | 10-Oct-2008 12:22

Nigeria: Encouraging Inventions
Mrs. Grace Ekpwihre, Minister of State for Technology, recently pronounced one of the enduring truths we have evaded telling ourselves when she announced that doctorate degree holders have failed Nigeria.
Source : AllAfrica | 10-Oct-2008 12:22

Nigeria: Nitel's Failed Marriages and the Reality of a New Suitor
The federal government is on the verge of selling NITEL again. In-fact it has concluded arrangements to give Nitel to a new core investor, come February 2009.
Source : AllAfrica | 10-Oct-2008 11:42

Nigeria: Credit Crunch - Yar'Adua Seeks Private Sector Partnership
President Umaru Yar'Adua called, yesterday, for partnership between government and the private sector in tackling the current global financial crisis.
Source : AllAfrica | 10-Oct-2008 11:42

Nigeria: World SME Market to Hit $250 Billion in 10 Years- World Bank
The Small and Medium Enterprises (SME) sector across the world has been projected to grow to $250 billion in the ten years from the present size of $17 billion.
Source : AllAfrica | 10-Oct-2008 11:42

Nigeria: 'Development Action Plan Needed to Tackle Endemic Poverty'
Group Managing Director/CEO of BGL Plc, Mr. Albert Okumagba has said that a well articulated Development Action Plan (DAP) is imperative for economic transformation of Northern Nigeria to free the region from the firm grip of poverty.
Source : AllAfrica | 10-Oct-2008 11:42

Nigeria: Senate Accuses BPE of Concessioning Port to Ghost Firms
Senate ad hoc committee investigating budgetary releases to the transportation sector from 1999 to date on Wednesday alleged that the Bureau of Public Enterprises (BPE) concessioned the Tin Can Port, Apapa, Lagos, to ghost companies.
Source : AllAfrica | 09-Oct-2008 18:18

Nigeria: Nupeng Threatens Industrial Action Over Sale of PPMC, NGC
National Union of Petroleum and Natural Gas Workers (NUPENG)has opposed the planned privatisation of the Pipelines Products Marketing Company (PPMC)and Nigeria Gas Company (NGC)by the Federal Government.
Source : AllAfrica | 09-Oct-2008 18:06

Nigeria: 'Port Concession Exercise a Learning Process'
The former chairman of the House of Representatives Committee on Privatisation, Njida Gella Ahmed, has said that the port concession programme of theFederal Government, which resulted in the Nigerian Port Authority (NPA), handing over the terminals to private operators without an enabling law should be taken as a learning process.
Source : AllAfrica | 09-Oct-2008 18:05

Tanzania: NMB Adviser Postpones Allotment of Shares to Oct 17
Allotment of shares of the National Microfinance Bank continues to face huddles after Rasilimali Limited, the Initial Public Offer lead advisor, postponed the exercise yesterday. The share allotment was expected to be announced yesterday but it was moved to October 17 in a move blamed on the recent workers' strike at the bank.
Source : AllAfrica | 09-Oct-2008 12:24

Kenya: Telkom Sold Within the Law, Says Minister
The Government is not involved in "mindless privatisation of strategic parastatals."
Source : AllAfrica | 09-Oct-2008 11:59

Kenya: Govt to Put $14.2 Million Into Troubled PanPaper
Orient Paper & Industries of India, joint venture partners with the Kenya government in East Africa's largest paper manufacturer -- Pan African Paper Mills Ltd (Panpaper) -- are about to commit the government to a massive bailout plan involving the effective injection of the equivalent of Ksh1 billion ($14.2 million) in fresh capital into the troubled company.
Source : AllAfrica | 06-Oct-2008 12:47

Botswana: FSG Raises P36 Million From Investors
Funeral services provider, FSG, will list on the Botswana Stock Exchange on Monday following the successful completion of its Initial Public Offer (IPO) as well as the private placement of its shares which both raised P36 million.
Source : AllAfrica | 06-Oct-2008 12:28

Nigeria: Leave Chigbue Alone, Group Tells Detractors
A Non-Governmental Organisation (NGO), Nigeria United For Justice (NUJ), has urged mischief makers and detractors to allow Director-General of the Bureau of Public Enterprises (BPE), Mrs Irene Chigbue concentrate on the national assignment given to her so that Nigeria can consolidate on the privatisation process.
Source : AllAfrica | 06-Oct-2008 11:06

Zimbabwe: Erich Bloch - Parastatal Privatisation
WITH an allegedly "unified" government hopefully becoming functional shortly, Zimbabweans and the world at large have an increasingly great expectation of major policy changes to bring about an economic recovery, gravely needed and very long overdue.
Source : AllAfrica | 06-Oct-2008 08:45

Nigeria: Leave Chigbue Alone, Group Tells Detractors
A Non-Governmental Organi-sation (NGO), Nigeria United For Justice (NUJ), has urged mischief makers and detractors to allow Director-General of the Bureau of Public Enterprises (BPE), Mrs Irene Chigbue, concentrate on the national assignment given to her so that Nigeria can consolidate on the privatisation process.
Source : AllAfrica | 03-Oct-2008 10:46

Nigeria: Privatisation Helped Save $10 Billion - Odey
The Minister of Information and Communication, Mr John Odey has said that the privatisation of state enterprises embarked upon by the federal government has yielded about $10billion in the past few years. He said but for the privatisation, $10billion (N1.16trn) would have been used to service the government's corporations.
Source : AllAfrica | 02-Oct-2008 09:59

Nigeria: Senate Probes N70 Billion Loan to Transcorp
Presidency has finally overruled the Senate on the choice of BNP Paribas as the official consultant in the planned sale of Nigerian Telecommunication Limited (NITEL). This is even as the National Council on Privatization (NCP) insists on the services of the same agency being used in the failed PENTASCOPE /NITEL deal.
Source : AllAfrica | 01-Oct-2008 11:47

Nigeria: Bad Business
The privatisation programme has been the Federal Government's brilliant way of cutting losses from its misadventure into the business terrain.
Source : AllAfrica | 30-Sep-2008 09:05

Nigeria: Petrol and Gas Union Says It Will Block Privatization
The National Union of Petroleum and Natural Gas Workers (NUPENG), and the Petroleum and Gas Senior Staff Association of Nigeria (PENGASSAN), have announced their readiness to stop the planned privatisation of the Nigerian Gas Company and Pipeline Products Marketing Company .
Source : AllAfrica | 29-Sep-2008 14:43

Nigeria: We'll Resolve All Privatisation Hitches - Chigbue
The director-general of Bureau for Public Enterprises, Mrs Irene Chigbue said the bureau, in collaboration with the relevant agencies were working to resolve the problem associated with privatisation and commercialisation. Mrs Chigbue stated this while addressing newsmen at the ministerial news briefing in Abuja.
Source : AllAfrica | 29-Sep-2008 10:36

Nigeria: 'We Believe in Sahcol Privatisation'
The management of Skypower Aviation Handling Company Limited (SAHCOL) has affirmed that it believes and is committed to moves aimed at privatising the ground handling company.
Source : AllAfrica | 26-Sep-2008 16:59

Nigeria: Design, Implementation and Workability of PPP
The Public-Private Partnership (PPP) concept which is relatively new has gradually gained grounds in terms of implementation and in recent years, the volume and number of projects which are implemented under this arrangement have increased significantly worldwide.
Source : AllAfrica | 26-Sep-2008 12:56

Nigeria: BPE - Sale of PPMC Begins Next Month
The Bureau of Public Enterprises (BPE) has said it will commence the privatisation of Pipelines Products Marketing Company (PPMC) next month and conclude it in October 2009.
Source : AllAfrica | 24-Sep-2008 13:59

Nigeria: BPE to Privatise PPMC, Nigeria Gas Company
One of the key transactions soon to be undertaken by the Bureau of Public Enterprises (BPE), would be the privatisation of two oil-related government agencies, namely, the Petroleum Pipeline Marketing Company (PPMC), which will go through privatisation process from October 2008 to October 2009, and the Nigeria Gas Company (NGC), which would go through privatisation process from September 2008 to June 2009.
Source : AllAfrica | 24-Sep-2008 13:52

Nigeria: Nitel, Mtel Hand Over Now Feb. 6
February 6 next year has been slated for the handing over of ailing NITEL and Mtel to new private owners after scaling down the timeframe from the initial seven-months period earlier approved for the financial advisors by the National Council on Privatisation.
Source : AllAfrica | 23-Sep-2008 14:05

Nigeria: FG Realises N587 Billion From Privatisation
The Federal Government has realised about N587 billion proceeds from the privatisation of public enterprises between 2004 and 2007.
Source : AllAfrica | 23-Sep-2008 11:06

UB Academic Calls on Khama to Open Up
University of Botswana lecturer, Log Raditlhokwa, has called on President Ian Khama and his ministers to open up to the public in order to advance economic development.
Source : AllAfrica | 23-Sep-2008 10:10

Nigeria: Privatisation - BPE Pays N150 Billion to Disengaged Workers
The Bureau for Public Enterprises (BPE) says it has paid more than N150bn as salary arrears and terminal benefits to workers disengaged in privatised public enterprises from 2000 to date.
Source : AllAfrica | 22-Sep-2008 14:57

Nigeria: Country is Safe and Secure, Say Tourism Ministers
There is no reason why tourists should not be streaming into Nigeria in their thousands because Nigeria is a very safe place to live and work in, compared to others where life is very cheap, but still record huge tourist arrivals.
Source : AllAfrica | 22-Sep-2008 13:00

Nigeria: Lehman Brothers Failure, a Lesson for Banks
Banking experts have said that the fall of United States banking giants, Lehman Brothers and Merril Lynch last week is a powerful signal to Nigerian banks on the limitation of size (capital base) and age in determining the future of a bank.
Source : AllAfrica | 22-Sep-2008 11:08

Nigeria: Mtel/Nitel Not for Highest Bidder - FG
The Federal Government yesterday declared that it would not sell its national telecom carrier, the Nigeria Telecommunications Ltd, NITEL, with its mobile subsidiary, M/Tel to the highest bidder, but that it will be guided by factors of competence, ability and technical expertise which are desperately needed for the sector's turn-around.
Source : AllAfrica | 19-Sep-2008 14:14

Nigeria: Interests, Paramount in M-Tel, Nitel Privatisation-VP
The Vice President, Dr. Goodluck Jonathan has reaffirmed the determination of the Federal Government to ensure that the interest of Nigerians is protected in the privatization of M-tel/NITEL.
Source : AllAfrica | 19-Sep-2008 12:17

Kenya: Shady Deals and Intrigues Haunt Privatisation
The Kenya Railways Corporation was more than a national utility. It was a repository of Kenya's history, beginning in the 19th century when indentured Indian labourers were brought to the East African region to build the Kenya-Uganda railway line.
Source : AllAfrica | 19-Sep-2008 07:32

Kenya: Safaricom Scoops Continental IPO Award
Mobile phone service provider Safaricom's initial public offering has scooped a continental award.
Source : AllAfrica | 16-Sep-2008 17:42

Rwanda: ICT Awards Announced
The first edition of the Intego awards, which recognizes excellence amongst ict companies, will be held in October.
Source : AllAfrica | 16-Sep-2008 12:42

Mozambique: Cell Phone Company Issues Bonds
Mozambique's publicly owned mobile phone company M-Cel on Friday launched its second issue of bonds, to a value equivalent to 10 million Us dollars, to finance its ambitious programme of expansion.
Source : AllAfrica | 15-Sep-2008 12:21

Botswana: MERAFHE Exhorts Private Sector to Respect Labour Laws
The Vice President Mompati Merafhe has commended the Botswana private sector for collaborating with the government in its commitment to develop the country.
Source : AllAfrica | 15-Sep-2008 11:23

Botswana: Nobel Laureate Calls for 'A Positive Agenda Assessment'
A Nobel Prize Winner has told the National Business Conference (NBC) at the Tati River Lodge here that increasing agricultural production would not help lower food prices and that the Botswana government could do more in terms of localisation and the economic empowerment of Batswana.
Source : AllAfrica | 15-Sep-2008 10:49

Nigeria: Centrality of Privatisation
Privatization, according to experts, is an economic policy that seeks to place the commanding heights of business activities in the hands of private entrepreneurs as against the hitherto dominance of the public sector, that is, the government and its parastatals.
Source : AllAfrica | 08-Sep-2008 12:58

FCC Rejects Privatisation of Refuse Collection
A motion calling for the privatisation of refuse collection in Francistown failed to pass muster last week when councillors voted 12-6 to throw it out. The motion was tabled by councillor Phillip Butale.
Source : AllAfrica | 04-Sep-2008 13:40