, By Ndanki KahiurikaGeingob proposes new ministry
PRIME Minister Hage Geingob has proposed that the State-owned Enterprises Governance Council (SOEGC) should become the Ministry of Public Enterprises. Speaking in the National Assembly yesterday Geingob said it was for the good of the enterprises governance council to have a body that oversees the functions and responsibilities of the 72 parastatals.
“A new ministerial body should be established to ensure that the SOEs are held accountable for their actions and for there to be supervision and guidance,” said Geingob.
The SOEGC was established in terms of Act No.2 of 2006 to provide governance to state-owned enterprises on behalf of government.Its objectives were to handle daily activities in terms of performance monitoring, research and providing advice on company restructuring.
Geingob said the body’s ultimate goal was to ensure that the SOE sector is sustainable and contributes to economic development, citizens’ welfare and the realisation of Vision 2030 goals. Read More...