No end in sight for troubled SOEs :: Mmegi Online

Cabinet was recently briefed by the Ministry of Finance on the latest efforts at reforms to State-Owned Entities (SOEs), the group of government-owned companies and entities that annually gobble up taxpayer billions in the name of providing essential service delivery and opportunities.

Since the 1990s when their establishment picked up pace, government has undertaken various efforts to reform parastatals and turn them into efficient vehicles, with little success. These entities’ struggles belie the fact that they enjoy legislation-backed monopolies in key sectors such as electricity, rail, aviation and others.

Parastatals are key to service delivery, and the group of 64 is divided into commercial and non-commercial, meaning those expected to run on a profitable or ‘going concern’ basis and those that, by the nature of their activities, exclusively rely on support from government for sustenance.

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No end in sight for troubled SOEs

Cabinet was recently briefed by the Ministry of Finance on the latest efforts at reforms to State-Owned Entities (SOEs), the group of government-owned companies and entities that annually gobble up taxpayer billions in the name of providing essential service delivery and opportunities.

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