Privatization

News : Privatization

ESKOM's cash crisis has forced it to consider selling a 30% stake in its R142bn Kusile power station -- which could secure it up to R40bn in private equity. (AllAfrica)

Plans for the privatization of the Nairobi Stock Exchange (NSE) are in top gear in a move expected to raise the dwindling investor confidence and improve performance to world class standards. (AllAfrica)

Indications have emerged that the House of Representatives may have concluded arrangements to investigate the reasons behind the alleged sabotage in the sale of Nigeria Telecommunication Limited (NITEL) and its subsidiary, Mobile Telecommunication Limited (Mtel). (AllAfrica)

The House of Representatives Committee on Privatisation has commenced investigations into the repeated but unsuccessful sale of the Nigeria Telecommunications Limited (NITEL) and its mobile subsidiary, Mobile Telecommun-ications Limited (MTEL). (AllAfrica)

Key players in Ghana's private sector yesterday took the bull by the horn to express their misgivings over the inability of present and successive governments to manage the country's economy. According to them, for the past ten years all governments that ruled the country have adopted "a try and error method" to manage Ghana's fiscal and monetary policies. (AllAfrica)

I want to let every Nigerian know that NITEL was one of the most liquid government companies in this country before government decided to frustrate it out of existence. In this interview with Daily Trust, President of the National Union of Postal and Telecommunications Employees (NUPTE) Comrade Sunday Alasan talks on the best way to reposition the ailing Nigeria Telecommunications (NITEL), the fate of retrenched workers and other issues. (AllAfrica)

The Kenya Power & Lighting Company board is set for changes, days after the firm announced it is gearing to reduce government shares in the firm. (AllAfrica)

Former President Olusegun Obasanjo ignored due process in the sale of Federal Government houses during his administration, Senate Committee on Housing declared yesterday. (AllAfrica)

Mrs Nkechi Obi is the Managing Director, Techno Oil Limited, a significant player in the downstream sector of the oil industry. In this interview with Vanguard's Yemie Adeoye she speaks on infrastructural challenges and prospects of full deregulation in the downstream sub_sector of the petroleum industry. (AllAfrica)

UMBRELLA body for senior staff Associations in the country, the Trade Union Union Congress of Nigeria (TUC), has given some essential tips perceived to be paramount for a successful deregulation of the nation's downstream sector of the petroleum industry. (AllAfrica)

Worried by the current state of 'idleness' of agricultural produce warehouses in many states of the federation, the Managing Director, Abuja Security and Commodity Exchange (ASCE), Mr. Yusuf Abdulraheem, yesterday, urged the federal government to involve private sector participation in warehousing management. (AllAfrica)

The Bureau of Public Enterprises (BPE) yesterday revealed that about N1trillion in revenues was remitted to the government as proceeds from the sale of 132 public enterprises. (AllAfrica)

Director General of the Bureau of Public Enterprises (BPE), Dr Christopher Anyanwu, has assured that the renewed sale of moribund Nigeria Telecommunications Limited (NITEL) to a new core investor would be concluded by January next year. (AllAfrica)

Privatisation of Mombasa port has been put on hold as the government seeks to convince critics about its viability. (AllAfrica)

The privatisation of Mombasa port has been put on hold as the government tries to convince critics about its viability. (AllAfrica)

Even before the National Bank of Kenya is officially put on sale, a fierce behind the scenes battle for the oldest state-owned bank in Kenya is simmering. Some of the major players are angling for the vantage point to clinch what promises to be the most significant acquisition in the banking sector in recent years. (AllAfrica)

INDIA'S Jindal Steel & Power Limited (JSPL) has emerged as one of two firms shortlisted for the purchase of a 60 percent stake in Zimbabwe's steelmaker, the Zimbabwe Iron and Steel Company (ZISCO), in an acquisition opportunity that could define Zimbabwe's privatisation programme. (AllAfrica)

THE National Union of Communications Workers (NUCW) has said it supports the on-going privatisation of Zamtel because the move will help solve many problems the telecommunication company is currently grappling with. (AllAfrica)

An NGO, the International Centre for Energy Environment and Development (ICEED), has called on the Federal Government to release the power sector to private investors. Making the call in an interview with the News Agency of Nigeria (NAN) in Abuja , the Coordinator, Mr Ewah Eleri, said that the private sector had the capacity to sustain electricity supply in the country. (AllAfrica)

Going back to the issue of deregulation and the merits of this market reform strategy, a useful re-entry point to this discussion would lie in the review of the central plank of the stock argument, generally favoured by the ranks of the opponents of the deregulation proposals. (AllAfrica)

Mrs Nkechi Obi is the Managing Director, Techno Oil Limited, a significant player in the downstream sector of the oil industry. In this interview with Vanguard's Yemie Adeoye she speaks on infrastructural challenges and prospects of full deregulation in the downstream sub_sector of the petroleum industry. (AllAfrica)

The proposed Petroleum Industry Bill (PIB), has continued to receive knocks from stakeholders and other concerned individuals and groups with workers in the upstream sector of the petroleum industry faulting among others, the absence of specific provisions on expatriate quota and local manpower training. (AllAfrica)

When embarking on the privatisation exercise meant to restructure its economic system, the Tanzanian government had pledged to remain as a partner that would be responsible for ensuring working economic policies and providing appropriate infrastructure for the private sector to build the economy upon. (AllAfrica)

Cross River State Government will privatise its ultra-modern poultry farm at Ikot Effanga Mkpa, Calabar, currently valued at over N30million. (AllAfrica)

The Independent Petroleum Marketers Association of Nigeria (IPMAN), yesterday advised the Federal Government to shelve the planned deregulation of the downstream oil sector for now, noting that unless the nation's refineries become functional, deregulation would create more problems for both Nigerians and the government. (AllAfrica)

As tension grips the nation over planned deregulation of the oil sector and the privatisation of the country's refineries, the Education rights Campaign (ERC) has threatened to mobilise Nigerian students and youths for nationwide protest actions and lecture boycotts should government fail to halt this policy. (AllAfrica)

Last weekend, the features feared as the likely outcome of the dreaded market deregulation burst out in full on the eve of November 1 which government initially slated for full deregulation of the downstream petroleum sector. (AllAfrica)

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr.Abdallah El_Badri has described the deregulation policy of the Federal Government as a welcome development assuring that the Organisation will support the Government for it to succeed. (AllAfrica)

The cost of bringing grain through the port of Mombasa can be slashed if the number of players is reduced, a parliamentary team was told on Friday. (AllAfrica)

Technical Committee of the National Council on Privatization (NCP) at its meeting held yesterday ratified Skyway Aviation Handling Company Limited as the core investor in Skypower Aviation Handling Company Limited (SAHCOL) following the payment of the balance of N3, 865,470 representing 70% of its bid in the company. (AllAfrica)

Parliament will, after all, have the final say on whether Mombasa port will be privatised or not, a House committee said on Thursday. (AllAfrica)