http://www.webremixed.info/ Aggregation of tags: privatization Webremixer http://allafrica.com/stories/200811180590.html Commercialization and later privatisation of Nigeria's state-owned enterprises (SOEs) has been a major thrust of economic reform policy of various administrations since 1989. The new world economic order dictated this choice based on the fact or realization that governments anywhere in the world could not manage business enterprises profitably. Available records show that more than 8,500 SOEs in over 80 countries have been privatized since the past 12 years and now run by core investors in the private sector. Tue, 18 Nov 2008 11:52:27 GMT http://allafrica.com/stories/200811180590.html 2008-11-18T11:52:27Z http://allafrica.com/stories/200811180231.html The Botswana Confederation of Commerce, Industry and Manpower (BOCCIM) will hand over the Private Sector Development Strategy (PSDS) it produced to the Ministry of Trade and Industry today. Tue, 18 Nov 2008 09:27:34 GMT http://allafrica.com/stories/200811180231.html 2008-11-18T09:27:34Z http://allafrica.com/stories/200811140852.html In July 1988 General Ibrahim Babangida promulgated Decree No.25 on Privatization and Commercialization of Public Enterprises, and appointed an11-persons technical committee to implement the programme. A decade later the Bureau of Public Enterprises was established. Fri, 14 Nov 2008 14:19:15 GMT http://allafrica.com/stories/200811140852.html 2008-11-14T14:19:15Z http://allafrica.com/stories/200811130087.html Eleme Petrochemicals Company Limited (EPCL), privatised in 2006 by the Federal Government has turned out to be the most handy success story of the privatisation programme in Nigeria. Various stakeholders including the Bureau of Public Enterprises (BPE), the National Assembly committees on Privatisation, the host communities, among others have at various times commended Indorama, the core investors for reviving the company. Thu, 13 Nov 2008 08:09:10 GMT http://allafrica.com/stories/200811130087.html 2008-11-13T08:09:10Z http://allafrica.com/stories/200811120715.html A member of the Rivers State House of Assembly representing Eleme Constituency, Hon. Isaac Kamalu has said that the privatisation of Eleme Petrochemicals Company Limited by the Federal Government in 2006 has proved to be the right decision and action. Wed, 12 Nov 2008 13:44:48 GMT http://allafrica.com/stories/200811120715.html 2008-11-12T13:44:48Z http://allafrica.com/stories/200811110896.html The greatly nationwide hue and cry over the privatization, sale, concessioning and transfer of the various public enterprises and public assets, the Nigerian Telecommunications Company, the Nigerian Ports Authority, the Airports, the National Arts Theatre, the Cement companies, the Still Mills, the Refineries and so on, is largely to be traced to the simple fact that the privatization, sale concessioning and transfer of the public enterprises and public assets were in the main neither based on nor backed by any credible and appropriate technical valuation of the entities. Tue, 11 Nov 2008 15:27:49 GMT http://allafrica.com/stories/200811110896.html 2008-11-11T15:27:49Z http://allafrica.com/stories/200811110512.html THE Government is to sell its sh15b stake in Munyonyo Commonwealth Resort, MPs have heard. The resort is a joint venture with Meera Investments owned by city tycoon and hotel magnate, Sudhir Ruparelia. Tue, 11 Nov 2008 11:05:20 GMT http://allafrica.com/stories/200811110512.html 2008-11-11T11:05:20Z http://allafrica.com/stories/200811110336.html Eleme Petrochemicals Company Limited (EPCL), privatised in 2006 by the Federal Government has turned out to be the most handy success story of the privatisation programme in Nigeria. Tue, 11 Nov 2008 10:00:34 GMT http://allafrica.com/stories/200811110336.html 2008-11-11T10:00:34Z http://allafrica.com/stories/200811100296.html The House of Representatives Committee on Privatisation and Commercialisation has said that Indorama, manager of the Eleme Petrochemicals Nigeria Ltd is the only core investor that has kept the privatisation dream alive by paying the federal government over four billion naira in dividend. Mon, 10 Nov 2008 09:13:33 GMT http://allafrica.com/stories/200811100296.html 2008-11-10T09:13:33Z http://allafrica.com/stories/200811100177.html The Federal Government has started reaping the dividends of the privatisation of public enterprises following the payment of over N4billion by the Indorama Group, the core investor and managers of the Eleme Petrochemicals Com-pany Nigeria Limited. Mon, 10 Nov 2008 08:31:41 GMT http://allafrica.com/stories/200811100177.html 2008-11-10T08:31:41Z http://allafrica.com/stories/200811070756.html The government has warned the Tanzania Railway Limited (TRL) management, directing it to fulfill its responsibilities efficiently as the government would not shoulder its burden forever. Fri, 07 Nov 2008 14:20:29 GMT http://allafrica.com/stories/200811070756.html 2008-11-07T14:20:29Z http://allafrica.com/stories/200811050571.html Transparency is critical for economic and political success. Mexico and the Philippines made the sale of enterprises transparent by adopting competitive bidding procedures, developing objective criteria for selecting bids, and creating a clear focal point with minimal bureaucracy to monitor the overall program. Wed, 05 Nov 2008 17:43:25 GMT http://allafrica.com/stories/200811050571.html 2008-11-05T17:43:25Z http://allafrica.com/stories/200811050520.html The Initial Public Offer (IPO) of UT Financial Services in the country made a tremendous performance when the Offer was oversubscribed by the 1.7%, a feat which represents almost two times the total capital raised by all indigenous Ghanaian businesses in the history of the Ghana Stock Exchange (GSE), excluding privatizations and secondary offers. Wed, 05 Nov 2008 17:15:11 GMT http://allafrica.com/stories/200811050520.html 2008-11-05T17:15:11Z http://allafrica.com/stories/200811041072.html The Eleme Petrochemical Company Limited (EPCL), a wholly owned Nigerian National Petroleum Corporation (NNPC) subsidiary was built in between 1992 and 1995, and commissioned in 1996 as part of the Corporation's mission of being an integrated Oil and Gas company adding value to the nation's hydrocarbon resources. Tue, 04 Nov 2008 20:18:49 GMT http://allafrica.com/stories/200811041072.html 2008-11-04T20:18:49Z http://allafrica.com/stories/200811040666.html House of Representatives Committee on Privatisation and Commercialisation has blamed litigations amongst investors over privatised and concessioned public enterprises on the Bureau of Public Enterprise (BPE). Tue, 04 Nov 2008 14:25:05 GMT http://allafrica.com/stories/200811040666.html 2008-11-04T14:25:05Z http://allafrica.com/stories/200811031387.html Kenya's government has announced plans to privatize all publicly owned sugar mills to boost production and improve management. Mon, 03 Nov 2008 20:53:41 GMT http://allafrica.com/stories/200811031387.html 2008-11-03T20:53:41Z http://allafrica.com/stories/200810310549.html It is heartening to learn that Ugandan leaders joined their Kenyan, Tanzanian and Swazi counterparts who have gone to Malawi over the past three months to learn how the poor southern African country defied donors three years ago and subsidised its farmers whose response was the doubling of maize production in one year. Fri, 31 Oct 2008 12:00:59 GMT http://allafrica.com/stories/200810310549.html 2008-10-31T12:00:59Z http://allafrica.com/stories/200810300870.html Governor Adebayo Alao-Akala of Oyo state yesterday signed a Memorandum of Understanding (MoU) on Independent Power Project (IPP) with a South African based Entec Power and Utilities Limited with a vow to ensure the breaking of the monopoly of the Power Holding Company of Nigeria {PHCN}. Thu, 30 Oct 2008 12:59:04 GMT http://allafrica.com/stories/200810300870.html 2008-10-30T12:59:04Z http://allafrica.com/stories/200810300740.html The Nigerian Communications Commission, NCC, has handed over a multimillion naira internet project installed at the Federal Secretariat, Abuja , to Galaxy Backbone Plc, to manage. Thu, 30 Oct 2008 11:59:44 GMT http://allafrica.com/stories/200810300740.html 2008-10-30T11:59:44Z http://allafrica.com/stories/200810280832.html Some of the public companies transferred to private ownership under the regime of former president Olusegun Obasanjo are not doing well and are wobbling, the Bureau for Public Enterprises (BPE), which is responsible for privatization of public enterprises in Nigeria, said yesterday. Tue, 28 Oct 2008 14:26:37 GMT http://allafrica.com/stories/200810280832.html 2008-10-28T14:26:37Z http://allafrica.com/stories/200810271807.html The Co-operative Bank has launched an investor briefing through road shows in major towns to market the upcoming initial public offering. Mon, 27 Oct 2008 20:10:03 GMT http://allafrica.com/stories/200810271807.html 2008-10-27T20:10:03Z http://allafrica.com/stories/200810271324.html Former Premier League side, FC Satmos has not started reaping the benefits of privatisation though this might change after the club floats shares, says one of the directors, Mooketsi 'China' Mading. Mon, 27 Oct 2008 14:09:23 GMT http://allafrica.com/stories/200810271324.html 2008-10-27T14:09:23Z http://allafrica.com/stories/200810271250.html Chairman, House of Representatives Committee on Privatisation, Honourable Njidda Ahmed Gella, yesterday allayed fears that the House was planning to probe the Bureau of Public Enterprises (BPE), over improper accounting on proceeds of the privatisation exercise. Mon, 27 Oct 2008 13:33:11 GMT http://allafrica.com/stories/200810271250.html 2008-10-27T13:33:11Z http://allafrica.com/stories/200810271228.html The Nigerian Institute of Electrical and Electronics Engineers (NIEEE) has advised the Federal Government against proceeding with the privatisation of the country's power sector without a clear-cut programme of action. Mon, 27 Oct 2008 13:32:54 GMT http://allafrica.com/stories/200810271228.html 2008-10-27T13:32:54Z http://allafrica.com/stories/200810270530.html Why are you involved in youth development? Mon, 27 Oct 2008 10:01:43 GMT http://allafrica.com/stories/200810270530.html 2008-10-27T10:01:43Z http://allafrica.com/stories/200810210601.html Senate Committee on Gas has summoned Power Holding Company of Nigeria (PHCN) management to appear before it Monday, next week, to state its side to the N16billion debt it is owing Nigerian Gas Company (NGC). Tue, 21 Oct 2008 11:58:31 GMT http://allafrica.com/stories/200810210601.html 2008-10-21T11:58:31Z http://allafrica.com/stories/200810201395.html One of the most problematic privatisation transactions in Tanzania -- the sale of the once-famous Hotel Embassy -- is set to be concluded as it emerges that the hotel that has not been operational for almost five years, has at last been offloaded to a third party. Mon, 20 Oct 2008 17:04:08 GMT http://allafrica.com/stories/200810201395.html 2008-10-20T17:04:08Z http://allafrica.com/stories/200810170936.html Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Abubakar Yar'Adua, on Thursday assured agitated workers of the Corporation that Federal Government would not put the Petroleum Pipeline Marketing Company (PPMC) and the Nigerian Gas Company (NGC) on sale. Fri, 17 Oct 2008 14:37:04 GMT http://allafrica.com/stories/200810170936.html 2008-10-17T14:37:04Z http://allafrica.com/stories/200810170655.html The Federal Government may have bowed to the pressure of the workers' union in the oil and gas sector by rescinding its earlier decision to privatise the Nigerian National Petroleum Corporation (NNPC), Petroleum Product Marketing Company (PPMC) and the Nigeria Gas Company (NGC). Fri, 17 Oct 2008 11:43:23 GMT http://allafrica.com/stories/200810170655.html 2008-10-17T11:43:23Z http://allafrica.com/stories/200810170643.html The Bureau of Public Enterprises (BPE) has made a u-turn over plans to sell two subsidiaries of the Nigerian National Petroleum Corporation (NNPC) - Petroleum Pipelines Marketing Company (PPMC) and Nigeria Gas Company (NGC). Fri, 17 Oct 2008 11:39:38 GMT http://allafrica.com/stories/200810170643.html 2008-10-17T11:39:38Z http://allafrica.com/stories/200810170049.html The company holding exclusive rights to manage the country's railway transport system has two weeks to inject more money into its operations and implement a number of conditions. Fri, 17 Oct 2008 07:16:23 GMT http://allafrica.com/stories/200810170049.html 2008-10-17T07:16:23Z http://allafrica.com/stories/200810160922.html Petroleum Tanker Drivers (PTD) branch of the National Union of Petroleum and Natural Gas Workers (NUPENG) has threatened to withdraw its services by midnight of October 29, 2008, if the Federal Government and the National Association of Road Transport Owners (NARTO) refused to heed its demands. Thu, 16 Oct 2008 15:54:13 GMT http://allafrica.com/stories/200810160922.html 2008-10-16T15:54:13Z http://allafrica.com/stories/200810160776.html The Nigerian Gas Company Limited (NGC) Warri Chapter of the Petroleum Employees and Natural Gas Senior Staff Association (PENGASSAN) and National Union of Petroleum Employees and National Gas (NUPENG) yesterday, protested the planned privatisation of NGC by the Federal Government. Thu, 16 Oct 2008 13:49:44 GMT http://allafrica.com/stories/200810160776.html 2008-10-16T13:49:44Z http://allafrica.com/stories/200810160773.html Henceforth, all materials for the Power holding Company of Nigeria (PHCN) will be procured under a new system of direct purchase, the Federal Government has said. The decision was taken during yesterday's meeting of the Federal Executive Council (FEC). This means that middlemen, who used to serve as contractors for the deal, have been eliminated. This action is seen as a move towards the declaration of a state of emergency in the sector. Thu, 16 Oct 2008 13:49:41 GMT http://allafrica.com/stories/200810160773.html 2008-10-16T13:49:41Z http://allafrica.com/stories/200810160335.html In order to facilitate unification of the Organised Private Sector (OPS) into one group, a top notch in the private sector has called on the National Assembly to pass a law that will ensure that "we have only one body for OPS."Currently, OPS comprises MAN, NACCIMA and NECA. Thu, 16 Oct 2008 10:10:46 GMT http://allafrica.com/stories/200810160335.html 2008-10-16T10:10:46Z http://allafrica.com/stories/200810150807.html 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. Wed, 15 Oct 2008 12:02:58 GMT http://allafrica.com/stories/200810150807.html 2008-10-15T12:02:58Z http://allafrica.com/stories/200810140420.html 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. Tue, 14 Oct 2008 10:01:49 GMT http://allafrica.com/stories/200810140420.html 2008-10-14T10:01:49Z http://allafrica.com/stories/200810131300.html The National Council on Privatization (NCP) has approved steering committees for the River Basin Development Authorities (RBDAs), Parks and Development Finance Institutions (DFIs). Mon, 13 Oct 2008 14:15:07 GMT http://allafrica.com/stories/200810131300.html 2008-10-13T14:15:07Z http://allafrica.com/stories/200810100749.html 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). Fri, 10 Oct 2008 11:35:23 GMT http://allafrica.com/stories/200810100749.html 2008-10-10T11:35:23Z http://allafrica.com/stories/200810100690.html 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. Fri, 10 Oct 2008 11:04:01 GMT http://allafrica.com/stories/200810100690.html 2008-10-10T11:04:01Z http://allafrica.com/stories/200810100525.html 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. Fri, 10 Oct 2008 10:22:53 GMT http://allafrica.com/stories/200810100525.html 2008-10-10T10:22:53Z http://allafrica.com/stories/200810100520.html 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. Fri, 10 Oct 2008 10:22:49 GMT http://allafrica.com/stories/200810100520.html 2008-10-10T10:22:49Z http://allafrica.com/stories/200810100426.html 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. Fri, 10 Oct 2008 09:42:20 GMT http://allafrica.com/stories/200810100426.html 2008-10-10T09:42:20Z http://allafrica.com/stories/200810100423.html President Umaru Yar'Adua called, yesterday, for partnership between government and the private sector in tackling the current global financial crisis. Fri, 10 Oct 2008 09:42:18 GMT http://allafrica.com/stories/200810100423.html 2008-10-10T09:42:18Z http://allafrica.com/stories/200810100422.html 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. Fri, 10 Oct 2008 09:42:17 GMT http://allafrica.com/stories/200810100422.html 2008-10-10T09:42:17Z http://allafrica.com/stories/200810100416.html 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. Fri, 10 Oct 2008 09:42:11 GMT http://allafrica.com/stories/200810100416.html 2008-10-10T09:42:11Z