The International Monetary Fund has urged the Gambia
government to move forward with plans “for a fully transparent privatization of
Gamcel”, national cellular company.
However, it is still unclear whether the government
has initial plans to privatise the national cellular company again following a failed
attempt at privatizing it together with Gamtel, its parent company, some five
years.
In its latest report on The Gambia, released in
February, the IMF said such structural reforms would also help eliminate major
sources of contingent liabilities that have impaired government finances in
recent years.
The report reveals that
claims associated with the failed privatization of Gamcel, and spending on
contingent liabilities and extra-budgetary items such as bills and debt service
owed by the National Water and Electricity Company (NAWEC), which owes millions
of dalasi to its major suppliers, were leading sources of government
expenditure overruns.
Therefore, the IMF indicates that state-owned
companies and agencies must strive to balance their own accounts, as was
planned in the budget.
However, the Fund has noted the dynamic private
sector led growth in the telecom sector, where competition is fierce and
technological change rapid.
Over the years, Gamcel was battling with challenges
including network expansion, deployment of the value-added services, capacity
building and financial constraints.
However, the privatization of national GSM services provider will see
the country’s GSM sector, in the hands of the private individuals, or companies
which will lead to more capital flight out of the country.
National Assembly Member for Kiang Central Babanding
K.K. Daffeh has earlier on suggested to the Minister of Information and
Communication Infrastructure to consider merging Gampost and Gamcel, as one
public enterprise “so as to increase their revenue base, services and
delivery”.
It could be recalled that the government has in 2007
sold the 50% of Gamcel, together with its parent company, Gamtel, to Spectrum Company,
a Lebanese owned company. However, the
sale was abruptly canceled in 2008, when the government failed to renew the
contract.
The Gambia’s telecommunication sector is one of the
most competitive in Africa as the four GSM services providers are competing for
less than 1.5 million potential GSM services clients, out of a population of
1.8 million. Each of these companies -
Gamcel, Africel, Comium, and Qcell - continues to device ways and means to
outbid the others so as to have a greater subscriber. The situation has now reached a survival of
fittest level as the weak ones have either to be sold so that the new owners
can pump in the needed capital to upgrade its services or the company gradually
dies out.
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