Masebu: We defied odds to start oil bulk procurement

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But it turns out that he was key in the privatisation of public corporation and in setting up the regulatory regime in the country that culminated in creating several regulatory authorities. He speaks to The Citizen Reporter LUDGER KASUMUNI about his role both in helping creating regulatory authorities and in managing Ewura. Excerpts

So what the reforms did was to take these functions away from government departments and place them under the purview of what were supposed to be autonomous, independent regulatory authorities. Now this did not gone down well with performing everybody. For instance, employees in the ministries who were responsible for performing those activities in the past felt dispossessed of powers and some of them did not offer cooperation to staff in the regulatory authorities. Some political leaders also, perhaps out of ignorance or with an eye on exercising powers over everything that falls under the ministries that they preside over, also failed to distinguish between how to deal with matters that are handled in a department of a ministry and those that are under the purview of an independent regulator whose activities are articulated in a legislation.

The third group that has had problems in coping with this change includes those investors who detest transparency and due processes. To some of these, it was “easier” for them to “deal” with government officials. They find it easier to “convince” them to use discretionary powers to assist them than to go through a rigorous process whose hallmarks are transparency and lack of double of standards. The fourth group of stakeholders that also had difficulties in adjusting themselves to the new dispensation are board members and senior executives in Parastatal organizations/agencies, some of whom were “presidential” appointees. They detested what they perceived as being “ordered” around by executives from another “parastatal”. There were, however, many exceptions in each of five groups, but allow me to mention three who were outstanding.

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Masebu: We defied odds to start oil bulk procurement

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