Direct sales of government assets under the privatisation programme will now be opened to public tendering in a move meant to enhance transparency and openness in the disposals that have been abused in the past by individuals to acquire key assets at understated prices.
The Draft Privatisation Bill 2023 underpins public tendering as an option for the sale of shares in State entities that is not being done through an initial public offering (IPO) at the stock market.
