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 (85)
    NAWEC Audited Financial Statement 2020
    NAWEC Audited Financial Statement 2020

    NAWEC Audited Financial Statement 2020

    AMRC Audited Financial Statement 2020
    AMRC Audited Financial Statement 2020

    AMRC Audited Financial Statement 2020

    Annual Report

    GNPC - FINANCIAL STATEMENTS AND REPORT FOR THE YEAR ENDED 31st DECEMBER 2020
    GNPC - FINANCIAL STATEMENTS AND REPORT FOR THE YEAR ENDED 31st DECEMBER 2020

    SIGNED FINANCIAL STATEMENTS AND REPORT FOR THE YEAR ENDED 31st DECEMBER 2020

    SSHFC - SIGNED FINANCIAL STATEMENTS FOR THE YEAR ENDED 2020
    SSHFC - SIGNED FINANCIAL STATEMENTS FOR THE YEAR ENDED 2020

    SSHFC -  SIGNED FINANCIAL STATEMENTS FOR THE YEAR ENDED 2020

    ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (GIA)
    ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (GIA)

    GAMBIA INTERNATIONAL AIRLINES LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 

    GRTS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
    GRTS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

    GRTS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

    GAMPOST 2020 FINANCIAL STATEMENTS
    GAMPOST 2020 FINANCIAL STATEMENTS

    ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31st DECEMBER 2020 (GAMPOST)

    NFSP&MC 2020 FINANCIAL STATEMENT
    NFSP&MC 2020 FINANCIAL STATEMENT

    ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 30TH SEPTEMBER 2020 (NFSP&MC)

    GPA 2020 SIGNED FINANCIAL STATEMENTS
    GPA 2020 SIGNED FINANCIAL STATEMENTS

    ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (GPA)

    GCAA 2020 AUDITED FINANCIAL STATEMENTS
    GCAA 2020 AUDITED FINANCIAL STATEMENTS

    ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (GCAA)

    GAMTEL 2020 AUDITED FINANCIAL STATEMENTS
    GAMTEL 2020 AUDITED FINANCIAL STATEMENTS

    ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (GAMTEL)

    GAMCEL 2020 SIGNED AUDITED ACCOUNTS
    GAMCEL 2020 SIGNED AUDITED ACCOUNTS

    ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (GAMCEL)

    NAWEC 2019
    NAWEC 2019
    NFSPMC 2017
    NFSPMC 2017
    NFSPMC 2018
    NFSPMC 2018
    NFSPMC 2019
    NFSPMC 2019
    GAMPOST 2019
    GAMPOST 2019
    GAMPOST 2018
    GAMPOST 2018
    GAMPOST 2017
    GAMPOST 2017
    GAMCEL 2019
    GAMCEL 2019
    GAMCEL 2018
    GAMCEL 2018
    GAMCEL 2016
    GAMCEL 2016
    AMRC 2019
    AMRC 2019
    AMRC 2018
    AMRC 2018
    AMRC 2017
    AMRC 2017
    SSHFC 2018, 2019
    SSHFC 2018, 2019
    SSHFC 2017
    SSHFC 2017
    NAWEC 2018
    NAWEC 2018
    NAWEC 2017
    NAWEC 2017
    GRTS 2019
    GRTS 2019
    GRTS 2018
    GRTS 2018
    GRTS 2017
    GRTS 2017
    GPPC 2019
    GPPC 2019
    GPPC 2018
    GPPC 2018
    GPPC 2017
    GPPC 2017
    GPA 2019
    GPA 2019
    GPA 2018
    GPA 2018
    GPA 2017
    GPA 2017
    GNPC 2019
    GNPC 2019
    GNPC 2018
    GNPC 2018
    GNPC 2017
    GNPC 2017
    GIA 2019
    GIA 2019
    GIA 2018
    GIA 2018
    GIA 2017
    GIA 2017
    GCAA 2019
    GCAA 2019
    GCAA 2018
    GCAA 2018
    GCAA 2017
    GCAA 2017
    GAMTEL 2019
    GAMTEL 2019
    GAMTEL 2018
    GAMTEL 2018
    GAMTEL 2017
    GAMTEL 2017
    GAMTEL 2016
    GAMTEL 2016
    Consultancy for Transaction Advisor (consortium) for the Restructuring & Privatization of Telecommunications Assets in The Gambia
    Consultancy for Transaction Advisor (consortium) for the Restructuring & Privatization of Telecommunications Assets in The Gambia

    The Government of The Gambia (GoTG) recognizes the importance of the information and communication technology (ICT) sector for the development of the overall economy. The National Development Plan (NDP) 2018-2021 specifically mentions the need to improve the telecommunications access network and to position ICT as an enabler to achieve the national development objectives. The NDP includes targets for the ICT sector to be achieved by 2021:

     

    ·                     Increase the % of population using the internet daily from 46.8% to 90%;

    ·                     Increase the proportion of population with access to mobile phones from 78.9% to 90%;

    ·                     Increase the proportion of schools connected to broadband internet from 6% to 12%; and

    ·                     Existence of National Information and Communications Infrastructure Policy II.

     

    During 2018, with the support of the World Bank, the GoTG undertook a detailed assessment of the ICT sector with a view to identifying options to improve sector performance and reduce the fiscal burden to GoTG. This work included preparation of a baseline assessment, identification and evaluation of options for the reform of Gamtel, Gamcel and other GoTG telecom investments.

    Please find attached thE TOR and REOI documents for your information.

     

    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