Dairy Corp board to search for co-manager
Aug 28, 2005
The Government has entrusted the responsibility of securing a co-manager to run Dairy Corporation to its board.<br>
By Mary Karugaba
The Government has entrusted the responsibility of securing a co-manager to run Dairy Corporation to its board.
Prof Peter Kasenene, the privatisation state minister (above), said recently that it was no longer the Government’s responsibility to find a co-manager to revive the corporation as had been planned.
“We have suspended the search for the manager and entrusted it with the board. We shall intervene when it is time for divesture,†he said.
Kasenene, said according to the Company Act, procurement of the manager is the board’s responsibility.
But the corporation's board Chairman David Bigira said he has not yet been briefed about the new developments affecting the corporation since he has been out of the office.
" I don't stay in Kampala so I have not yet been briefed about that. I hope to come back next week. So I can't comment much," he said.
The managing Director DC Charles Beisa refused to comment saying, " If you have talked to the minister then what do you want me to comment?"
In May, government abandoned the $1 lease deal for the state owned Company and with Malee Sampran limited, a Thai company and opted for the management contract.
Later, government went into negotiations with a Thai businessman Boonyarati Chatichai who owns shares in numerous Thai companies that process milk and fruit products.
However the public and the MPs welcomed the deal but said it must go through the competitive biding, something that was opposed by government saying it was "satisfied with the man's skills and ability"
Kasenene said that government is still in contact with Boonyarat but "we would also prefer that the board to recommends him." ends
Ends
The Government has entrusted the responsibility of securing a co-manager to run Dairy Corporation to its board.
Prof Peter Kasenene, the privatisation state minister (above), said recently that it was no longer the Government’s responsibility to find a co-manager to revive the corporation as had been planned.
“We have suspended the search for the manager and entrusted it with the board. We shall intervene when it is time for divesture,†he said.
Kasenene, said according to the Company Act, procurement of the manager is the board’s responsibility.
But the corporation's board Chairman David Bigira said he has not yet been briefed about the new developments affecting the corporation since he has been out of the office.
" I don't stay in Kampala so I have not yet been briefed about that. I hope to come back next week. So I can't comment much," he said.
The managing Director DC Charles Beisa refused to comment saying, " If you have talked to the minister then what do you want me to comment?"
In May, government abandoned the $1 lease deal for the state owned Company and with Malee Sampran limited, a Thai company and opted for the management contract.
Later, government went into negotiations with a Thai businessman Boonyarati Chatichai who owns shares in numerous Thai companies that process milk and fruit products.
However the public and the MPs welcomed the deal but said it must go through the competitive biding, something that was opposed by government saying it was "satisfied with the man's skills and ability"
Kasenene said that government is still in contact with Boonyarat but "we would also prefer that the board to recommends him." ends
Ends