State-owned Enterprises

The State-Owned Enterprises Unit under the Ministry of Finance and Economic Affairs Directorate of Public Enterprises is committed to improving the oversight function and governance framework in State-Owned Enterprises  through best international practices whilst contributing significantly towards the overall vision and mission of the Ministry of Finance and Economic Affairs(MOFEA).

  • Core Mandate
    • Preparation of policies, issuing circulars and guidelines to implement Good Governance  for State Owned Enterprises
    • Safeguarding the public interest by monitoring, guiding and directing SOEs to optimize performance and achieve expected targets and outcomes
    • Reviewing for approval of SOEs strategic plans and annual budgets
    • Monitoring and reporting on budget performance and implementation
    • Strengthening the process of nomination, selection and composition of SOEs board of directors
    • Constantly improving the skills and relevance of board members of SOEs accountability through the introduction of Performance Contract agreements
    • Improving the financial relations between the state and the SOEs inherent in the ownership and oversight functions of the unit
  • Key Objectives

    The key objective of the SOE unit is to ensure long-term sustainable growth for SOEs so that the public, through the Government, can realize value-for-money in their investments and quality service delivery of the SOEs.

  • Strategies
    • The SOE unit of the DPPP&PE charged with the responsibility to reform the SOE sector has put in place a coherent strategy and action plan to guide the process of improving SOE performance through:
    • Actively monitoring and assessing SOEs on a regular and timely basis using all available financial and qualitative data
    • Compilation of sectoral data and preparation of monthly, quarterly and annual reports based on international reporting standards
  • Key Achievements
    • Granted cabinet approval for a World Bank supported three-year (2017-2019) reform agenda and action plan for the SOE sector.
    • Validated a code of good corporate governance document at a forum attended by all relevant stakeholders. 
    • Initiated the dialogue on the restoration of Performance Contracts across the SOE sector.
  • Downloads (33)
    CODE OF GOOD CORPORATE GOVERNANCE FOR STATE-OWNED ENTERPRISES IN THE GAMBIA
    CODE OF GOOD CORPORATE GOVERNANCE FOR STATE-OWNED ENTERPRISES IN THE GAMBIA

    This Code of Good Corporate Governance aims to define the responsibilities and accountabilities of the Board of Directors and Officers of State-Owned Enterprises (SOEs). It is the primary source of guidance on all aspects of governance including statutory guidance under which the SOEs operate if not conflicted with Acts of Parliament. The focus is on commercial SOEs at the national level in which government has significant control through full, majority, or substantial minority ownership.

    MOU Between SSHFC AND GIA
    MOU Between SSHFC AND GIA
    MOU Between SSHFC AND GAMCEL
    MOU Between SSHFC AND GAMCEL
    Gambia Telecommunication Company (GAMTEL) -2015
    Gambia Telecommunication Company (GAMTEL) -2015
    Gambia Printing & Publishing Corporation (GPPC) - 2015 Accounts
    Gambia Printing & Publishing Corporation (GPPC) - 2015 Accounts
    Gambia Postal Services (GAMPOST) - 2015 Accounts
    Gambia Postal Services (GAMPOST) - 2015 Accounts
    Gambia Port Authority (GPA) - 2015 Accounts
    Gambia Port Authority (GPA) - 2015 Accounts
    Gambia International Airlines (GIA) - 2015 Accounts
    Gambia International Airlines (GIA) - 2015 Accounts
    Assets Management & Recovery Corporation (AMRC) - 2015 Accounts
    Assets Management & Recovery Corporation (AMRC) - 2015 Accounts
    Social Security Housing and Financial Corporation (SSHFC) - 2013 Accounts
    Social Security Housing and Financial Corporation (SSHFC) - 2013 Accounts
    National Water and Electric Company (NAWEC) - 2013 Accounts
    National Water and Electric Company (NAWEC) - 2013 Accounts
    National Water and Electric Company (NAWEC) - 2014 Accounts
    National Water and Electric Company (NAWEC) - 2014 Accounts
    Gambia Telecommunication Company (GAMTEL) - 2014 Accounts
    Gambia Telecommunication Company (GAMTEL) - 2014 Accounts
    Gambia Telecommunication Company (GAMTEL) - 2013 Accounts
    Gambia Telecommunication Company (GAMTEL) - 2013 Accounts
    Gambia Telecommunication Cellular (GAMCEL) - 2014 Accounts
    Gambia Telecommunication Cellular (GAMCEL) - 2014 Accounts
    Gambia Telecommunication Cellular (GAMCEL) - 2013 Accounts
    Gambia Telecommunication Cellular (GAMCEL) - 2013 Accounts
    Gambia Radio and Television Services (GRTS) - 2014 Accounts
    Gambia Radio and Television Services (GRTS) - 2014 Accounts
    Gambia Radio and Television Services (GRTS) - 2013 Accounts
    Gambia Radio and Television Services (GRTS) - 2013 Accounts
    Gambia Printing & Publishing Corporation (GPPC) - 2013 Accounts
    Gambia Printing & Publishing Corporation (GPPC) - 2013 Accounts
    Gambia Postal Services (GAMPOST) - 2014 Accounts
    Gambia Postal Services (GAMPOST) - 2014 Accounts
    Gambia Postal Services (GAMPOST) - 2013 Accounts
    Gambia Postal Services (GAMPOST) - 2013 Accounts
    Gambia Port Authority (GPA) - 2014 Accounts
    Gambia Port Authority (GPA) - 2014 Accounts
    Gambia Port Authority (GPA) - 2013 Accounts
    Gambia Port Authority (GPA) - 2013 Accounts
    Gambia National Petroleum Company (GNPC) - 2014 Accounts
    Gambia National Petroleum Company (GNPC) - 2014 Accounts
    Gambia National Petroleum Company (GNPC) - 2013 Accounts
    Gambia National Petroleum Company (GNPC) - 2013 Accounts
    Gambia International Airlines (GIA) - 2014 Accounts
    Gambia International Airlines (GIA) - 2014 Accounts
    Gambia International Airlines (GIA) - 2013 Accounts
    Gambia International Airlines (GIA) - 2013 Accounts
    Gambia Groundnut Corporation (GGC) - 2014 Accounts
    Gambia Groundnut Corporation (GGC) - 2014 Accounts
    Gambia Groundnut Corporation (GGC) - 2013 Accounts
    Gambia Groundnut Corporation (GGC) - 2013 Accounts
    Gambia Civil Aviation Authority (GCAA) - 2014 Accounts
    Gambia Civil Aviation Authority (GCAA) - 2014 Accounts
    Gambia Civil Aviation Authority (GCAA) - 2013 Accounts
    Gambia Civil Aviation Authority (GCAA) - 2013 Accounts
    Assets Management & Recovery Corporation (AMRC) - 2014 Accounts
    Assets Management & Recovery Corporation (AMRC) - 2014 Accounts
    Assets Management & Recovery Corporation (AMRC) - 2013 Accounts
    Assets Management & Recovery Corporation (AMRC) - 2013 Accounts

Listing of State-owned Enterprises