MFDP binds parastatals to performance contracts

Matambo
Matambo

The Minister of Finance and Development Planning (MFDP) on Tuesday signed shareholder compacts with seven parastatals under its wings, as government expands the initiative of making public enterprises accountable to outlined performance levels.

Parastatals under the finance ministry include; Public Enterprises Evaluation and Privatisation Agency (PEEPA), Botswana Institute of Chartered Accountants, Botswana Accountancy Oversight Authority, Non-Bank Financial Institutions Regulatory Authority, Public Procurement and Asset Disposal Board, Botswana Unified Revenue Service and Motor Vehicle Accident Fund.

Speaking at the signing ceremony, minister Kenneth Matambo said state-owned enterprises needed to be managed efficiently for them to contribute to economic growth.

Editor's Comment
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