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The State-Owned Enterprise (SOE) Commission is pleased to announce the upcoming Performance Contract Signing Ceremony with the National Water and Electricity Company (NAWEC). Venue: Sir Dawda Kairaba International Conference Center (ICC) This landmark event signifies a renewed commitment to enhancing accountability, transparency, and operational efficiency within NAWEC. The performance contract outlines clear goals, performance targets, and governance standards that will drive NAWEC’s service delivery to new heights. Stay tuned for updates as we continue to strengthen corporate governance and improve the performance of State-Owned Enterprises in The Gambia.

In a significant step towards enhancing accountability and transparency in governance, the Directorate of State-Owned Enterprises (SOEs) recently orchestrated a pivotal event— the signing of Performance Contracts with four State-Owned Enterprises. The signing ceremony, held on the 12th of December 2023, was presided over by the Director of SOEs, Bai Madi Ceesay. The Performance Contracts were inked with the following State-Owned Enterprises: Gambia International Airlines Gambia Printing and Publishing Corporation Gambia Groundnut Corporation Gambia Postal Service Corporation This momentous occasion was marked by the presence of Mr. Ousainou Ngum, Chairman of the SOEs’ Commission, who signed the contracts on behalf of His Excellency, the President of the Republic, Adama Barrow. These Performance Contracts signify a commitment to fostering excellence, efficiency, and accountability within the State-Owned Enterprises. By delineating specific performance targets and expectations, the contracts serve as a robust mechanism to ensure that these entities align with the broader goals and objectives set by the government. The signing ceremony was not only a testament to the dedication of the government towards good governance but also underscored the collaborative efforts between the Directorate of State-Owned Enterprises, the SOEs themselves, and the oversight provided by the SOEs’ Commission. Bai Madi Ceesay, the Director of SOEs, emphasized the importance of these contracts in driving operational excellence and financial prudence within the State-Owned Enterprises. He stated, “These Performance Contracts are designed to create a framework that encourages efficiency, fiscal responsibility, and, most importantly, the delivery of quality services to the citizens of The Gambia.” Mr. Ousainou Ngum, Chairman of the SOEs’ Commission, echoed these sentiments, highlighting the pivotal role that State-Owned Enterprises play in the socio-economic development of the nation. He expressed confidence that the signed contracts would serve as a catalyst for positive transformation and contribute to the overall advancement of the Republic. The signing of Performance Contracts with these key SOEs marks a crucial milestone in the government’s ongoing efforts to enhance governance structures and deliver on its promises to the citizens of The Gambia.