Strategic Act

Senior Presidential Advisor Mano Tittawella on Wednesday told a conference hall full of donor agency representatives that a draft bill to set up the Strategic Enterprises Management Agency (SEMA) is being pushed through to give legal teeth to its reform agenda. Senior Presidential Advisor Mano Tittawella on Wednesday told a conference hall full of donor agency representatives that a draft bill to set up the Strategic Enterprises Management Agency (SEMA) is being pushed through to give legal teeth to its reform agenda. Tittawella said drafting the bill to enact SEMA was in the agency’s immediate action plan.

Also in the list of things to do for SEMA officials is to draft criteria to recruit other state enterprises into SEMA.

Tittawella said the criteria will help minimize future political tampering and instill financial discipline.

SEMA has roped in thirteen key state enterprises under its purview to drill in reform and turn them into commercially viable entities.

The first batch of recruits includes the two state banks and the electricity and petroleum units have been grouped off into six clusters.

The clusters group the entities by genre, like the banking, the energy, the port, transport, trading and manufacturing and water supply a