State Enterprises Investment Programme 2022

The State Enterprises Sector comprises fifty-five (55) companies, of which forty-three (43) are wholly owned, eight (8) are majority owned and four (4) in which GoRTT has a minority shareholding. A complete list of the State Enterprises is detailed in Appendix I. These entities operate in the gas and oil industry, banking and financial services, manufacturing, transport and communication, tourism, agriculture, information technology and the provision of social services.

In 2020, GoRTT’s equity holding in the State Enterprises Sector totalled $15,707.41 million, and the sector recorded a negative Return on Capital Employed (ROCE) of 0.7 percent. The Sector was impacted negatively by the fallout from the COVID-19 pandemic, which led to the curtailment of production and services. This contributed to an overall loss of $2,019.8 million. Profits from the financial services sector reduced whilst the energy and energy – based sectors continued to report losses. Notwithstanding the energy and energy-based sector losses, this performance was an improvement over the last fiscal year

Source: Ministry of Finance

Date Published: 2021