Privatization in Africa : The Zambian Example
The Note analyzes Zambia's reasons, and measures for success in privatization. It stipulates the following key indicators for assessing the performance of divestiture programs in Africa: the extent of divestiture; fiscal impact; the efforts ma...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1996/10/5496419/privatization-africa-zambian-example http://hdl.handle.net/10986/9952 |
| Summary: | The Note analyzes Zambia's reasons,
and measures for success in privatization. It stipulates the
following key indicators for assessing the performance of
divestiture programs in Africa: the extent of divestiture;
fiscal impact; the efforts made, and achievement in
broadening ownership; the level of foreign direct investment
attracted; enterprise post-privatization performance; the
depth and quality of program design and management; and,
transparency and government commitment. Of these, Zambia
rates medium to high on all indicators, and the note
outlines that commitment is what gave prominence to the
private sector's role in the process. However, the
privatization program has not been without its problems.
Because of its fragile economic situation, the country was
not readily attractive to foreign investors; but,
multinational companies who have invested in Zambia are
impressed with the way the program is being managed. As a
result, the country is now one of the most attractive to
investors in Africa. |
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