The Economic and Social Impact of Privatisation of State-owned Enterprises in Africa

The Economic and Social Impact of Privatisation of State-owned Enterprises in Africa
Author: I. Obadan
Publisher: African Books Collective
Total Pages: 90
Release: 2008-03-15
Genre: Business & Economics
ISBN: 2869784228

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The case for privatization, whether defined in a broad or narrow sense, has been forcefully made by its advocates against the backdrop of the much advertised poor performances of state-owned enterprises (SOEs) and theoretical arguments relating to the efficiency of private firms over public enterprises. Consequently, privatization and commercialization have been key components of the structural adjustment programmes foisted by the Bretton Woods institutions on Third World countries. Yet, the empirical findings on privatization, especially outside Africa where they exist, do not portray the strategy to be a panacea that works in all circumstances in all branches of economic activity. In spite of this, since the late 1980s, privatization has been stepped up in almost all African countries. And after about two decades of vigorous implementation of privatization programmes in Africa, there is a compelling need for a comprehensive and systematic analysis of various privatization issues, particularly the economic and social impact. This book thus establishes a clear case for a comprehensive and systematic analysis of the impact of privatization in Africa. Specifically, the book provides a state-of-the art review of privatization issues and research questions as a prelude to an in-depth study of the economic and social impact of privatization. In the light of the rich insights brought to bear on the issues, this book should stimulate the interest of researchers, donors and policy makers to undertake or support the follow-up in-depth research envisaged.

Privatization and Alternative Public Sector Reform in Sub-Saharan Africa

Privatization and Alternative Public Sector Reform in Sub-Saharan Africa
Author: K. Bayliss
Publisher: Springer
Total Pages: 287
Release: 2007-11-12
Genre: Business & Economics
ISBN: 0230286410

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it is increasingly apparent that the privatization experiment in sub-Saharan Africa has failed. This book shows that the state is set to dominate service delivery for the foreseeable future in much of the region, and that the public sector must be considered as a viable policy option for the delivery of water and electricity.

Development Centre Studies Privatisation in Sub-Saharan Africa Where Do We Stand?

Development Centre Studies Privatisation in Sub-Saharan Africa Where Do We Stand?
Author: Berthélemy Jean-Claude
Publisher: OECD Publishing
Total Pages: 156
Release: 2004-02-12
Genre:
ISBN: 9264020381

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This book examines recent progress made in the region’s privatisation effort in Sub-Saharan Africa. With cumulative proceeds of privatisation accounting for just $8 billion compared to $46 billion in transition economies over the same period, it is ...

Privatizing Africa's Infrastructure

Privatizing Africa's Infrastructure
Author: Michel Kerf
Publisher: World Bank Publications
Total Pages: 118
Release: 1996-01-01
Genre: Political Science
ISBN: 9780821337448

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This paper examines the promise and challenge of infrastructure privatization in sub-Saharan Africa, with particular emphasis on power, telecommunications, water, rail, ports and airports. The paper places primary emphasis on mobilizing private investment in infrastructure. To realize the potential of infrastructure privatization in sub-Saharan Africa, four main challenges must be addressed: a) concerns over market size, affordability and payment risks; b) establishing adequate legal and regulatory frameworks; c) dealing with non commercial risks; and d) mobilizing local finance. The paper examines these four areas and gives elements of a future strategy for the World Bank Group.

Privatization and Investment in Sub-Saharan Africa

Privatization and Investment in Sub-Saharan Africa
Author: Rexford A. Ahene
Publisher: Praeger
Total Pages: 0
Release: 1992-05-21
Genre: Business & Economics
ISBN: 0275933741

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This contributed volume examines development efforts in sub-Saharan Africa and the role privatization and foreign investment can play. The focus is on African and international capital mobility and recent experience in private investment in contemporary African states. While government in Africa continues to have a hand in economic and political matters, private enterprise, private investment, and market forces are becoming increasingly active. The volume reveals these new directions in development practice in Africa and analyzes the difficulties which government, while well-intended, has created in the past. Contributors from the United States and Africa pose questions and examine scenarios for investment in sub-Saharan Africa. And while no single strategy is agreed upon, they provide overwhelming evidence that it has been the failure of prior central policies which has held these nations back, and that hope for the 1990's lies in the unleashing of the private sector. This work will be of interest to scholars and policy-makers in development economics, international trade and finance, and African studies.

Privatization in Sub-Saharan Africa

Privatization in Sub-Saharan Africa
Author: Steve Kayizzi-Mugerwa
Publisher:
Total Pages: 21
Release: 2002
Genre: Africa, Sub-Saharan
ISBN: 9789291901432

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The Politics of Patronage in Africa

The Politics of Patronage in Africa
Author: Roger K. Tangri
Publisher: Africa World Press
Total Pages: 182
Release: 1999
Genre: Business & Economics
ISBN: 9780865437470

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This is a survey of the influence of political factors on economic performance throughout Africa with case studies drawn from Ghana, Zambia and Uganda. It is a comparative study of the difficulties in developing a private enterprise economy.

bank privatization in sub- saharan africa

bank privatization in sub- saharan africa
Author: George R.G. Clarke
Publisher: World Bank Publications
Total Pages: 46
Release: 2007
Genre: Access to Finance
ISBN:

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Abstract: Previous empirical analyses have found that bank privatizations are more successful when the government fully relinquishes control, when the bank is privatized to a strategic investor, and when foreign-owned banks are allowed to participate in the bidding. The privatization of Uganda Commercial Bank (UCB) to the South African bank Stanbic met all these criteria, suggesting that it is a likely candidate for success. But other features suggest reasons for caution: UCB dominated the Ugandan banking sector prior to privatization and the institutional environment in Uganda was less favorable than in many of the middle-income countries looked at in earlier empirical studies. Despite these concerns, the privatization appears to have been relatively successful. The portfolio of the privatized bank, which was cleaned prior to sale, remains relatively strong and profitability and credit growth are now on par with other Ugandan banks. Though market segmentation remains a concern since Stanbic faces little or no direct competition in many remote areas, some early results suggest that access to credit has improved for some hard-to-serve groups.