10
Oct
Justicia Shipena Prime minister Elijah Ngurare will have the final say on who can serve a third term on state-owned enterprises boards (SOEs) under the newly proposed Public Enterprises Governance Amendment Bill. Ngurare tabled the bill in Parliament on Wednesday. It seeks to realign powers and responsibilities in the governance of state-owned entities and amend the Public Enterprises Governance Act of 2019 (PEGA). The amendment gives the prime minister sweeping powers previously held by the ministers of public enterprises and finance. Under the new law, board members will serve a three-year term, renewable once. A third term will only be…
