National Commission for Privatisation Act, 2002
An Act establishing the National Commission for Privatisation to manage the reform and divestiture of public enterprises in Sierra Leone.
Summary
The National Commission for Privatisation Act, 2002 established the National Commission for Privatisation (NCP) to oversee the reform, restructuring and privatisation of public enterprises (parastatals) in Sierra Leone.
The Act provides for the Commission's establishment, composition and functions, giving it responsibility for the strategy and process of divesting or reforming state-owned enterprises, managing public enterprises pending reform, and promoting private-sector participation in the economy. It sets out the procedures and safeguards for privatisation transactions. It was part of the post-war economic reform programme.
Main provisions
- Establishes the National Commission for Privatisation.
- Provides for its composition and functions.
- Gives it responsibility for the reform and divestiture of public enterprises.
- Provides for the oversight of public enterprises pending reform.
- Sets procedures and safeguards for privatisation transactions.