Tag: state-owned enterprises
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Ruto Reappoints Four to State Corporations Advisory Committee for 3-Year Term
Overview of the Reappointments President William Ruto has formalized the continuation of governance oversight by reappointing four members to the State Corporations Advisory Committee (SCAC) for a fresh three-year term. The appointments, made under Section 26(1)(e) of the State Corporations Act (Cap. 446), take effect from the date of signing and reflect the administration’s commitment…
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Ghana Gold Board Chief Rejects Loss Claims as Hallucination, Rails at Critics
GoldBod Chief Dismisses Claims of Losses as Hallucination The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has publicly dismissed ongoing assertions that the state-owned institution is recording losses. In his remarks on JoyNews, Gyamfi described these reports as the product of “hallucination” or “dreams,” signaling a firm stance against what he…
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PMO directs Coal India to list all subsidiaries by 2030 to boost transparency
Overview: A governance push for Coal India The Prime Minister’s Office (PMO) has directed Coal India Limited (CIL), the country’s largest state-owned coal producer, to map and publicly list all its subsidiaries by 2030. The move signals a renewed emphasis on governance, transparency, and value realization across the vast corporate structure that underpins India’s coal…
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ICU Urges Govt to Tackle SOE Challenges and Boost Youth Jobs
ICU presses for urgent action on state-owned enterprises The Industrial and Commercial Workers’ Union (ICU) has urged the government to address the persistent challenges facing key State-Owned Enterprises (SOEs) and to back initiatives that will expand job opportunities for young people. In its latest statement, the ICU emphasizes that a robust and reform-minded approach to…
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Hajiji Signals Shutter Plan for Loss-Making GLCs Without Turnaround Prospects
Hajiji has warned that loss-making government-linked companies (GLCs) and statutory bodies under the state’s purview may be shuttered if they fail to demonstrate a credible turnaround plan. The comments come as part of a broader push to improve fiscal discipline and ensure that state assets contribute meaningfully to public finances. The chief minister emphasized that…
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Danantara’s Bold Plan: Slashing Indonesia’s State Firms to Stop Cannibalization
Overview: Danantara’s Strategic Redesign In a sweeping move reflective of deeper fiscal reforms, Danantara, Indonesia’s sovereign wealth fund, has intensified its plan to dramatically reduce the number of state-owned enterprises (SOEs). The aim is to curb internal competition that officials describe as “cannibalization,” where multiple state-backed businesses end up competing against each other for limited…
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Danantara to Trim State Firms to Prevent Business Cannibalization
Indonesia’s Sovereign Fund Moves to Consolidate State Assets Jakarta — In a bold push to sharpen state-led economic strategy, Danantara, Indonesia’s sovereign wealth fund, has intensified its plan to dramatically reduce the number of state-owned enterprises (SOEs). The aim is to curb internal competition that official sources describe as “cannibalization,” where multiple entities within the…
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Danantara to Trim State Firms to Prevent Cannibalization
Big Shakeup for Indonesia’s State-Owned Enterprises Indonesia’s sovereign wealth fund Danantara is accelerating a sweeping overhaul of the nation’s state-owned enterprises (SOEs). Senior officials acknowledge that fierce internal competition among government-backed firms has created a self-defeating dynamic, where each entity grows to cannibalize the others’ markets and profits. The plan aims to significantly slash the…
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Former minister Malusi Gigaba to hand himself over to police
Overview of the announcement Former South African cabinet minister Malusi Gigaba said he would hand himself over to police on Friday morning following a summons related to charges connected to Transnet. The statement, issued ahead of the planned handover, framed the move as a procedural step in a long-running saga that has kept the political…
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Malusi Gigaba to Hand Himself Over to Police in Transnet Charges
Overview: A High-Profile Surrender in a Notorious Case Former state enterprises minister Malusi Gigaba announced he would hand himself over to police on Friday morning, amid a summons linked to charges surrounding Transnet. The development marks a pivotal moment in South Africa’s ongoing scrutiny of corruption and governance within state-owned enterprises. Gigaba, a controversial figure…