Privatised companies increase productivity
Nov 10, 2003
A two-day exhibition held last week to showcase the progress of the privatisation programme revealed improved performance of privatised companies.
By Steven Odeu
and Mary Karugaba
A two-day exhibition held last week to showcase the progress of the privatisation programme revealed improved performance of privatised companies.
Nine of the privatised companies have increased their tax payments by between 40% and 100%.
Privatised companies like like Nile Breweries, Crown Beverages, Shell Uganda, Total Uganda, Uganda Commercial Bank and British American Tobacco are the leading taxpayers in the country.
William Wanendeya, a former National Resistance Council member said as long as the natives do not get 60% in privatised companies the whole country would go to foreigners.
“Until there is a law to protect the interests of Ugandans, this privatisation programme will not benefit this country,†said Wanendeya.
Peter Kasenene, state minister for finance in charge of privatisation, said overall efficiency has since increased significantly due to privatisation.
Privatisation paved way for management innovations and inventions which led to new and improved products and services.
This led to increased profitability of the privatised enterprises.
The Government embarked on the privatisation programme in 1992.
Since then 133 companies have been privatised while 36 remain on the mart.
By June this year, sh230b had been realised from the divestiture of the public enterprises.
Ends
and Mary Karugaba
A two-day exhibition held last week to showcase the progress of the privatisation programme revealed improved performance of privatised companies.
Nine of the privatised companies have increased their tax payments by between 40% and 100%.
Privatised companies like like Nile Breweries, Crown Beverages, Shell Uganda, Total Uganda, Uganda Commercial Bank and British American Tobacco are the leading taxpayers in the country.
William Wanendeya, a former National Resistance Council member said as long as the natives do not get 60% in privatised companies the whole country would go to foreigners.
“Until there is a law to protect the interests of Ugandans, this privatisation programme will not benefit this country,†said Wanendeya.
Peter Kasenene, state minister for finance in charge of privatisation, said overall efficiency has since increased significantly due to privatisation.
Privatisation paved way for management innovations and inventions which led to new and improved products and services.
This led to increased profitability of the privatised enterprises.
The Government embarked on the privatisation programme in 1992.
Since then 133 companies have been privatised while 36 remain on the mart.
By June this year, sh230b had been realised from the divestiture of the public enterprises.
Ends