A privatisation bill, which will buffer the privatisation process of state-owned enterprises, was legislated by lawmakers last week. It was approved with 16 against and three votes abstaining during a session that was attended by 292 MPs. The proclamation, which replaces its two-decade-old predecessor, recognises the Council of Ministers and the Ministry of Finance as stakeholders in the privatisation process. The privatisation process will be made within the mandates of the Public Enterprise Holding & Administration Agency. The proclamation was drafted by the Ministry of Finance and the Public Enterprises Holding & Administration Agency with technical support from the World Bank Group and the Tony Blair Foundation. It also requires the revenue from privatisation to be deposited in a special account designated for the Industrial Development Fund administered by the Ministry of Finance after the associated costs of the transaction are removed.
September 27 , 2020
In a series of opinion pieces on the state of democracy in Africa The Economist magaz...
September 19 , 2020
Few have had their work cut out for them as Yinager Dessie (PhD), governor of the Nat...
September 11 , 2020
It is self-evident. Addis Abeba has once again begun to feel alive. With the expirati...
September 6 , 2020
A research and polling institute took to the airwaves by storm late last month with a...
September 27 , 2020 . By MAYA MISIKIR
A large green cedar tree, a symbol of the Lebanese flag, is displayed on the wall be...
September 27 , 2020
In a series of opinion pieces on the state of democracy in Africa The Economist magaz...
September 27 , 2020 . By MAYA MISIKIR
A tearful critical care nurse, heartbroken by the loss of a patient that reminded her...
September 19 , 2020 . By MAYA MISIKIR
With their clothes hiked up and most types of vehicles unable to traverse the path, residents trudge along despite the foot-high flooding th...
