Zambia: 'Zanaco Was Profitable Before Sale'
[Times of Zambia]
RABO Bank corporate affairs director Arnold Kuijpers, who was also part of the negotiating team of Zanaco privatisation, yesterday admitted that the Zambian bank was a profit-making institution prior to privatisation in 2007.
Nigeria: Canadian, Indian Firms to Buy Transmission Company - BPE
[Daily Trust]
The Bureau of Public Enterprises yesterday said it has issued Requests for Proposal documents to a Canadian firm, Manitoba Hydro and an Indian firm, Power Grid to prepare bidding documents to buy the Transmission Company of Nigeria.
Nigeria: NACCIMA Urges Federal Government to Complete Sale of PHCN
[Daily Trust]
Lagos -
The Nigerian Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA) has implored the Federal government to ensure speedy conclusion of the privatization of the Power Holding Company of Nigeria (PHCN).
Nigeria: Privatisation - FG Moves 1,326 PHCN Staff
[This Day]
A total of 1,326 staff of the defunct Power Holding Company of Nigeria (PHCN) Corporate Headquarters may have been transferred to different successor companies and other agencies in the power sector.
Egypt: No Plans to Cancel Privatization Program - Abul Naga
[Egypt Online]
The Egyptian government has asserted on Saturday 28/1/2012 that the program of privatization will not be cancelled.
Ethiopia: Rushed Privatisation of Big Public Enterprises Is Unwise
[Addis Fortune]
Current economic realities in Ethiopia rightly Show, argues Tsehai Alemayehu Professor of economics and finance at Savannah State University, U.S. Maintaining the enterprises under public ownership will be vital for facilitating economic transformation, he States.
Zimbabwe: 'Privatise Power Imports'
[Financial Gazette]
Lawmakers have recommended that government should end ZESA Holdings' monopoly on the importation of electricity, citing the parastatal's failure to guarantee power supplies. In two separate Parliamentary reports, Members of Parliament also revealed that a dispute between ZESA Holdings and Green Fuels, which is involved in ethanol blending in Chisumbanje, has seen 18 Megawatts (MW) going to waste at a time when the country is experiencing load shedding.
Kenya: New KCC Sale Plan Runs Into Headwinds
[Nation]
Since its inception over six decades ago, New Kenya Co-operative Creameries has undergone many phases, and now it faces another huddle — privatisation. This is a move that is not going down well with farmers.
Tanzania: How 17 Industries Were Privatised Only to Die
[Citizen]
Dar es Salaam -
Some 17 erstwhile public firms that were privatised under a plan initiated in 1993 in a bid to revamp production have so far been shut down after failing to deliver, a report released recently by a technical committee has revealed.
Zambia: Private Sector Salutes Privatisation Probe
[Times of Zambia]
THE Private Sector Development Association (PSDA) has welcomed President Michael Sata's call for investigative wings to probe the sale of Roan Antelope Mining Corporation of Zambia (RAMCOZ) and three other firms in the second Republic.
Kenya: Farmers Oppose KCC Privatisation Plans
[Nairobi Star]
Dairy farmers from North Rift region yesterday unanimously rejected a proposal by the Cooperatives ministry to privatise the new Kenya Cooperative Creameries.
Kenya: State Seeks to Cut Farmers' Share in Sale of Sugar Firms
[Business Daily]
The Ministry of Agriculture is pushing to change the law that provides for the allocation of majority shareholding of State-owned sugar millers to farmers during privatisation.
Nigeria: Union Carpets Minister Over Liquidation of PHCN
[Daily Trust]
Lagos -
The Senior Staff Association of Electricity and Allied Companies (SSAEAC) has criticized the Minister of Power, Professor Barth Nnaji over the liquidation of the Power Holding Company of Nigeria (PHCN) headquarters and decision to redeploy its staff to the 18 successor companies.
Nigeria: Ngige Seeks Privatisation of Refineries
[This Day]
Former Governor of Anambra State, Senator Chris Ngige, yesterday said the privatisation of the country's refineries was the only way out of the oil crisis in the country.
Zimbabwe: Only Privatisation Will Work At National Airline
[Zimbabwe Standard]
For the umpteenth time, Air Zimbabwe workers last week embarked on a demonstration to press for outstanding salaries and allowances. Their action brought to the fore, the problems at the national carrier which has failed to pay its employees for the past seven months.